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Return to Sender: Reduce Returns and Maximise Profits
Posted on 15th May 2024Returns Cost You Money! Do you know how much returns cost your company each year? Businesses face the challenge of managing customer returns, which significantly impact profits. But what exactly drives these returns and how can you minimise them to enhance your business financially? Understanding the Cost of Returns A study by Optoro, a logistics […]
Does Your Tech Stack Influence Your Ability To Make Data Driven Decisions In Your Business?
Posted on 13th May 2024The first question we need to ask is, what kind of decision making are we talking about? Is it day to day Operational Decisions such as purchasing and demand planning, understanding and segmenting customers on behaviour or buying history, reviewing suppliers, sales, channels, best sellers/slow movers, employee performance or profit margins to name but a […]
5 Top Tips to Reduce eCommerce Returns
Posted on 12th May 2024The cost of returns to retailers globally is substantial, costing nearly $550 billion a year, not including restocking expenses or inventory losses (National Retail Federation, 2021). Returns are an inevitable part of eCommerce, but they are costly for your business. The UK market has seen a surge in online shopping and the COVID-19 pandemic certainly […]
Simplifying Global Trade with Multi-Currency Capabilities
Posted on 8th May 2024The global e-commerce market is expected to reach $6.38 trillion by 2024, with cross-border e-commerce accounting for a significant portion of this growth. [Statista, 2021] Are fluctuating exchange rates affecting your profit margins? Is your business equipped to handle the complexities of Multi-Currency transactions? In today’s global economy, the ability to handle complex […]
Simplifying International Trade with Stok.ly’s Comprehensive Customs Documents
Posted on 5th May 2024The number of trade regulations has increased by over 30% in the past five years, complicating the compliance landscape for international traders” (International Trade Administration, 2023). The above highlights how complicated it can be just to export your goods when trading overseas. Managing the dispatch process and its associated customs documentation efficiently is essential for […]
Top Tips to Cut Costs in your Warehouse
Posted on 1st May 2024Essential for survival. It’s time to embrace automation. “To survive in these challenging times and meet new expectations, warehouses will have no choice but to embrace digitalisation and automation. Indeed, experts have predicted a surge in digital transformation over the next decade, which will bring fundamental changes to the warehouse operations of the future.” Warehouse […]