In the fast-evolving world of digital commerce, staying ahead of the curve is not just an advantage but a necessity. One such curve that businesses can't afford to miss is social e-commerce. According to statistics, the global social e-commerce market is projected to reach $7.03 trillion by 2030. With data from Insider Intelligence showing
It is predicted that in 2024, the integration of artificial intelligence (AI) and automation will continue to revolutionize supply chain and logistics operations. So it is undeniable that AI is here to stay and as the holiday season approaches, Amazon sellers are gearing up for what promises to be a bustling period of increased
Today, ethical sourcing has become a critical aspect of supply chain management. Consumers are increasingly concerned about the social and environmental impact of the products they purchase, and businesses are recognizing the need to adopt ethical sourcing practices. In 2015, a report from the World Economic Forum projected that implementing sustainable and ethical sourcing
Following the COVID-19 pandemic, an increasing number of individuals shifted towards online shopping. Although there are various reasons why shoppers may favour brick-and-mortar stores for their purchases, the e-commerce sector is set to grow by leaps and bounds. Research shows that online shopping is more than just a trend. Customers will likely continue to
The onset of the global pandemic and its consequential effects on global supply chains have naturally instigated fresh dialogues regarding the concept of manufacturing. Businesses heavily dependent on manufacturing operations in China were caught off guard when the pandemic surfaced in early 2020. Data reports reveal thatChina is losing its manufacturing dominance and with
Though there are many talks of China having economic woes as the world's second-largest economy, one thing is still clear, China is undoubtedly a manufacturing powerhouse, accounting for over 30% of global manufacturing output in 2022. Regardless of all the economic troubles the country has endured, manufacturing remains the strongest aspect of China's economy.
In the dynamic landscape of business, procurement professionals play a pivotal role in ensuring the smooth functioning of operations. One of their key responsibilities is negotiating effectively with suppliers, vendors, and other stakeholders. The art of negotiation demands a unique blend of skills that enable professionals to secure favorable terms and conditions while maintaining
The landscape of supply chain and logistics is constantly evolving, with new technologies and innovations reshaping the industry year after year. More than half of logistics managers surveyed by CNBC do not expect the supply chain to return to normal until 2024 or after. As we approach 2024, it's crucial for businesses to stay
It is imperative to ensure top-notch quality and compliance when selling products through Amazon's Fulfilled by Amazon (FBA) program. For sellers sourcing their products from China, the complexities of international trade and the need to maintain high standards of quality can be particularly challenging. In this comprehensive guide, we discuss the crucial role of
Running a business means juggling a million things simultaneously, including ensuring your products or services meet the mark without breaking the bank. Negotiating with suppliers to lower costs is a crucial skill for any business owner or procurement manager. By effectively negotiating with your suppliers, you can save money on your inputs, which can
