As per the Bain & Co 2021 report, India is the third-largest eCommerce market globally, with 180–190 million online shoppers. Moreover, the country will likely overtake the United States in the next two years. India has a lot of potential in the eCommerce industry. Growing exponentially, the market value of the eCommerce industry in India will reach $350 billion by 2030. These staggering numbers are such because of a robust eCommerce ecosystem, including but not limited to a growing internet base, several shopping websites, easy and accessible payment options and a potent logistics network ..read more

India is home to the third-largest startup ecosystem in the world after the United States and China. With a growing entrepreneurship culture and a supportive ecosystem (‘Startup India’—Indian government flagship initiative to build startups), the number of recognised startups has increased from 452 in 2016 to 84,012 in 2022.  According to the World Bank’s ‘Doing Business Report (DBR)’, taking up a startup journey in India has become easy as the country ranked 63rd in 2022 in ease of doing business. It’s a substantial jump from its rank of 142 in 2014. So, doing a startup can be a great th ..read more

Logistics is crucial for a country like India, which is moving ahead as the fastest-growing economy in the world. India’s logistics sector roughly accounts for 14.4% of GDP, which is remarkably higher than developed countries like the United States (9.5%) and Germany (8%) The Indian logistics sector is growing at a decent rate. As per a Statista report, in 2021, the logistics market in India was at around $250 billion. The logistics industry will likely grow to $380 billion in 2025 at a compound annual growth rate (CAGR) between 10-12%. It includes the overall process of acquiring, storing and ..read more

Have you ever wondered how businesses (big or small) make sure they have the proper inventory levels at the right time? The answer to the above question lies in the often-overlooked but vital domain of supplier management. Managing suppliers effectively is essential to the success of an organisation because an effective supplier management solution helps minimise supplier risks. As per the Deloitte Global Chief Procurement Officer survey, over 60% of procurement leaders experienced increased risks within the last year. The report expressed that only 37% of procurement companies are prepared to ..read more

Door-to-door delivery is one of the most talked about aspects of eCommerce. It is a benefit many businesses offer where a product or service is delivered to a customer’s doorstep or given address. Most companies (across industries) can deliver their products to their customers through the door-to-door delivery method as long as the products are logistically viable and legally permissible. The practice is common with many products, including but not limited to apparel, groceries and other goods. The door-to-door delivery process generally begins with a user placing an order with a business (sel ..read more

Consumer behaviour is paramount across businesses and industries. Besides helping businesses hold their firmly ground, consumer behaviour strategies will remain a deciding factor for eCommerce players in the future worldwide. According to the Amazon Consumer Behaviour Report 2021, online shopping will likely dominate, with nearly 57% of buyers willing to shop online more now than before the COVID-19 pandemic.  Also, as per the India Brand Equity Foundation (IBEF) report, the eCommerce market in India will likely hit US$ 350 billion by 2030. What is Consumer Behaviour? Consumer behaviour i ..read more

Inventory planning is crucial in retail, primarily when the business operates online. Globally, companies of all sizes and domains invest heavily in inventory planning. Inventory planning sounds straightforward, but it can get tricky for medium to large e-commerce businesses if a robust strategy is not in place. The concept is vital to avoid likely issues with sales and fulfillment and uphold customer satisfaction. Inventory Planning Basics Before we look at inventory planning, let’s discuss a more basic term—inventory. It may refer to stored materials that serve a demand. The demand can be ma ..read more

On-time delivery (OTD) is one of the most critical aspects of eCommerce. While buyers expect their orders to get delivered on time, sellers tend to leave no stone unturned to meet delivery deadlines. With every passing day, timely delivery of shipments is increasingly becoming a key differentiator as to whether a direct-to-customer (D2C) brand succeeds or fails. What Is On-Time Delivery? OTD means delivering goods or services to customers within the agreed-upon timeframe. It is vital to customer satisfaction and helps you build a positive reputation. Also, OTD can be referred to as the indicat ..read more

In the pharmaceutical industry, logistics is the backbone that ensures the safe and timely delivery of drugs and medical equipment. Pharma logistics is a complex and constantly evolving field that requires expertise and attention to detail. In this article, we will discuss everything you need to know about pharma logistics, from its importance to the challenges and solutions. What Is Pharma Logistics? Pharma logistics involves the supply chain that delivers drugs, medical devices, and equipment to patients, hospitals, and pharmacies. It includes the processes of packaging, transportation, and ..read more

In today’s fast-paced business environment, predicting future demand for products and services is crucial for companies to remain competitive. Demand forecasting is estimating the future demand for a product or service based on historical data, market trends, and other relevant factors. With the emergence of big data analytics and machine learning, demand forecasting has become more accurate and efficient. In this guide for 2023, we will explore the different types of demand forecasting, various methods used for demand forecasting, and examples of how demand forecasting is applied in various i ..read more