Top 5 Trends Influencing E-commerce Fulfilment
Due to rising digitalization and widespread access to affordable internet,
Due to rising digitalization and widespread access to affordable internet, India's e-commerce warehousing market has witnessed exponential growth in recent times. As a result, global and domestic eCommerce heavyweights are contending for market dominance in a fiercely competitive marketplace by expanding their customer bases and building strong brands.
Due to its favourable economic conditions and a growing number of internet users, India has great potential in the eCommerce industry. India's eCommerce market, which is rapidly growing, had a value of over 22 billion US dollars in 2018. This sum is expected to grow to 350 billion US dollars by the year 2030.
How Can You Fulfill The e-commerce Marketplace In Different Ways?
Drop shipping: refers to the practice of companies sending goods straight from the supplier to the client while keeping no inventory on hand.
Warehouse fulfilment: Businesses utilise this technique to hold inventory in their own warehouse and send out orders as they come in.
3PL: Businesses that seek to outsource their fulfilment requirements usually turn to third-party logistics (3PL) for e-commerce warehousing.
Top 5 Trends Influencing e-commerce Fulfilment
1. Improving client expectations
Customers now prefer express delivery services because of the rise of online shopping and social media. Retailers now face pressure to make sure that their warehouse fulfilment services can live up to customer expectations.
2. The rise of omnichannel retail
Omnichannel buying, in which consumers buy goods through a variety of channels, including online, in-store, and through mobile apps, is becoming more popular. As a result, there is a demand for warehouse fulfilment procedures that can work together with each of these channels.
3. The emergence of eCommerce
Another significant trend that is affecting fulfilment procedures is the expansion of eCommerce. Retailers must make sure that their fulfilment procedures can keep up with the growing demand as more and more customers shop online.
4. The growing usage of subscription-based business models
The number of consumers who expect to receive same-day delivery on a regular basis has increased as a result of the popularity of subscription services like Amazon Prime and Netflix. Because of this, it is now necessary to enable fulfilment procedures that can manage repeated orders.
5. The Significance of Sustainability
Retailers are under pressure to make sure that their fulfilment procedures are eco-friendly as consumers place a greater emphasis on sustainability. This includes the use of recyclable packaging and transportation modes with the least negative effects on the environment.
For every e-commerce business wanting to enhance their e-commerce warehouse fulfilment, adopting these above mentioned market trends can turn out to be really helpful in further boosting brand value and overall profitability.