In some ways, the COVID-19 pandemic has turned the world of retail upside-down; but in the case of eCommerce, the crisis has only augmented already accelerating online buying trends. From 2018 to 2019, online consumption in the US alone grew 14.9%, and the market share for online sales eclipsed general merchandise sales for the first time ever. In 2020, the growth has been exponentially larger. Among TrueCommerce’s eCommerce platform users, online sales transactions were up more than 200% this April when compared with 2019. Amazon saw a 26% jump in Q1, with sales skyrocketing $15 billion doll ..read more

Drop shipping has been an important part of multichannel commerce since the mail-order catalogs of the 1950s. But with the advent and subsequent explosion of Amazon and other “etailers”, modern drop shipping has grown into a global market worth over $102.2 Billion. Today, 20-30% of online retailers use drop shipping to fulfill customer orders, enabling them to create a virtual “endless aisle.” For retailers, drop shipping presents the opportunity to expand their product catalog and increase their sales, without investing in costly warehouses or needing to manage physical inventory. Instead, t ..read more

In today’s warp-speed world of B2B commerce, there’s simply no time for outdated, manual processes. Relying on “old-school” systems that funnel transactions through email communications, fax exchanges, or even physical mail generates extra work, not just for your company, but for the companies that buy from you. That makes it much more difficult to do business in all the directions we need to nowadays. Legacy systems also have their limitations when used for order processing and tracking. On the one hand, they prevent your team from working as efficiently as they could (which means less-than ..read more

In September, the Food and Drug Administration (FDA) announced a new proposed rule regarding food traceability. This rule, which would be part of section 204 of the Food and Safety Modernization Act (FSMA), establishes event tracking requirements for specific foods and ingredients throughout the supply chain. Many food and beverage manufacturers had anticipated this rule, and some already participate in programs like the Produce Traceability Initiative, which have similar standards. But the new requirements will still have a significant impact on the industry, especially for companies that st ..read more

According to recent eMarketer data, online sales in the U.S. reached $794.5 billion in 2020. Before the COVID-19 pandemic hit and changed the face of digital shopping, eCommerce sales weren’t expected to reach that level until 2022. With rapid ongoing expansion in eCommerce sales for many industries, online retail brands aren’t the only ones who can take advantage of the action. Manufacturers are starting to leverage eCommerce platforms and marketplaces to reach customers in multiple ways and boost omnichannel sales. However, to capitalize on eCommerce growth, manufacturer ..read more

Long before the word “coronavirus” entered our day-to-day vocabulary, an increasing number of companies were embracing remote work, discovering that with the right IT solutions, many of their employees could work productively from almost anywhere. Once the pandemic began, this popular perk became a mandate, and all types of organizations were forced to adapt to a completely new way of doing business. Supply chain businesses have had to pivot toward working remotely despite the dual challenges of having logistically complex businesses that juggle high volumes of data, and being among the harde ..read more

Here’s a not fun fact: Our world is hotter, more polluted and harbors more trash than ever before, and traditional supply chains aren’t helping. Logistics companies like FedEx, UPS and USPS create more gas emissions than 7 million cars.  Plastic packaging for delivery items makes up 36% of all plastic production. And 46% of business processes are still manual, and many largely rely on paper, which is the largest contributor to landfills by weight. Here’s the great news: Supply chain sustainability has been steadily gaining traction for the past few years. Electronic, automated processes ..read more

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E-invoicing has many benefits for every business by simplifying and automating the exchange and the processing of invoices. Digital service providers will be rolling out E-invoicing solutions in the second half of 2020.  With E-invoicing, there will no longer be a need for businesses to generate paper-based or PDF invoices that must be printed, posted or emailed. Buyers will no longer need to manually enter or scan these into their accounting system. https://www.ato.gov.au/business/e-invoicing/e-invoicing-for-businesses/ How does B2BGateway add value to the process? B2BGateway is a ful ..read more

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