By 2021, over 230 million people in the United States will be an online shopper in one way or another. While this number is staggering, there are still some barriers that keep people from shopping online.
For the eighth consecutive year, Barrett Distribution Centers has been honored by Inc. Magazine as one of the 5000 fastest growing private companies in the country. This is Barrett’s eleventh appearance on the list. Prior honors include 2007, 2008, 2009, 2012, 2013, 2014, 2015, 2016, 2017, and 2018.
In 2018, retailers in the United States lost over $351 billion in sales to merchandise returns. The convenience of e-commerce return options will force this number to climb, and retailers must determine how best to meet this complex challenge. Not only is mitigating the missed sales important, but your return process can impact your brand's reputation.
The ability to leverage and analyze supply chain data in real-time is essential to maximizing opportunities to optimize each component of your supply chain. Here are a few ways that your transportation and logistics (T & L) data can streamline and enhance your operations.
Barrett Distribution Centers’ Senior Vice President of Customer Solutions, Scott Hothem is featured as a panelist on the Memphis Business Journal’s 2019 Table of Experts for Logistics and Distribution.
The consumer electronics sector is growing with rapid developments in technology, product innovation and falling prices, it has become a more competitive industry than ever before. In the United States, consumer electronics sales forecasted to have a compound annual growth rate (CAGR) of over 6% between now and 2024.
The beauty industry is a $532 billion sector of the economy that is experiencing rapid growth. This growth is largely due in part to the rise of e-commerce and omni-channel sales with projections to reach $863 billion by 2024. Such growth of B2C and B2B sales makes manufacturing supply chain management and order fulfillment more important than ever before.
Opting to outsource you warehousing and logistics needs can be a smart decision. Leveraging the resources and expertise of a third-party logistics company can be a significant strategic advantage. However, like with any major business decision, making the best choice is important. Here are a few things you need consider when choosing a third-party logistics partner.
The most labor and cost intensive action in your distribution center is order fulfillment, specifically manual fulfillment. According to Martin Murray’s “Order Picking in the warehouse”, the cost of order picking can be as much as 55% of a warehouse’s total operating cost. Furthermore, manual fulfillment can consume 65% of an employee’s time. Understanding the impact this has on your bottom line can lead to making some new investments and changes to relieve the costs that go into these tasks.
For 83% of warehouse managers’ their top priority is to lower operations costs. This is not unusual when you consider the massive shift occurring from brick & mortar retail to e-commerce. The footwear industry is a prime example. No longer is going to the mall for a pair of shoes a consumer’s first choice. Many consumers now prefer shopping from the comfort of their home or the convenience of a mobile device.