With the advent of Amazon Prime’s free two-day and one-day delivery, customers have come to expect faster, free shipping from online sellers. How do you make your Supply Chain more efficient?
A PayPal study shows that 43% of shoppers will abandon their carts if hit with high shipping costs, while 84% won’t purchase from a brand again after a single negative delivery experience.
To compete favorably with their grown-up brothers like Amazon, small businesses in the eCommerce sector should know how to invest in keeping their supply chain running like a well-oiled machine. That way, they can dwarf shipping times and delivery costs to meet customers’ expectations.
Of course, a supply chain upgrade is a major investment that may require you to obtain a working capital loan from reliable lenders. But the resulting time and cost savings are so huge that the loan pays for itself in a few years.
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