As April 18 looms, more American businesses are turning their attention to taxes and cash flow. Whether you're stressed about the impending deadline or wondering how you can get a leg up on next year's tax season, you may wonder whether using a third-party logistics (3PL) provider could help your business.

Partnering With a 3PL Provider Reduces Your Tax Pressure

As a partner in your business, your 3PL provider can help to alleviate your tax burden. You are only responsible for reporting activity you directly oversee. With less to do at tax time, it's much easier for your firm to stay organized.

Posted: 3/29/2017 12:17:24 PM by Global Administrator | with 0 comments

Dynamic pricing, often called real-time pricing or price optimization, is a flexible pricing system that's revolutionizing the online retail industry. Long used in the travel sector, it's becoming more common in a range of online retail fields. Take a closer look at how it works in the apparel industry and the benefits dynamic pricing can bring to your business.

How Does Dynamic Pricing Work?

Rather than ascribing a fixed price to goods, dynamic pricing lets companies sell their goods at prices that rise and fall depending on various factors. These factors may include the customer's location, the time of day or week, the price competitors charge for similar garments, and consumer demand. Algorithms built into shopping websites consider all these factors to determine the optimum pricing for each consumer.

Posted: 3/22/2017 2:46:32 PM by Global Administrator | with 0 comments

Managing logistics in the apparel industry is predictable only in its unpredictability. When viral social media posts and celebrities' snap decisions determine the trends, it's nearly impossible to anticipate when a sudden surge in demand may occur. Fortunately, online tools and smart third-party logistics solutions have made it easier to keep up, even with the breakneck pace of today's seasonal fashion trends.

The Customer-Centered Landscape

Today's apparel industry is a far cry from what existed even a decade ago. Consumers no longer rely on store shelves to meet their fashion needs. The vast landscape of online retailers puts just about everything within a few clicks of the buyer. Sixty-three percent of online shoppers hit the internet with a specific item in mind, and 64 percent will complete the purchase online without ever hitting a brick-and-mortar retail store.

Posted: 3/15/2017 12:30:50 PM by Global Administrator | with 0 comments

When it comes to warehouse setups, having the proper equipment and software is the difference between success and massive failure. This has been seen throughout the ages as innovations have been used to increase production while reducing costs. Here are some of the most infamous warehouse failures.

Getting Too Big for Your Britches

Have you heard of Webvan? If not, there's a reason. This online grocer launched in the late 1990s, backed by some serious venture capital (including Goldman Sachs) to the tune of $800 million. With large amounts of money behind them, they built automated warehouse after automated warehouse, each costing about $30 million. It was betting on two things: that automating everything would drive down logistics costs, and that volume would compensate for the costs. Unfortunately, the volume never materialized and the company shut its doors by 2001.

Lesson learned: Don't assume that there is endless demand.

Posted: 3/8/2017 4:33:09 PM by Global Administrator | with 0 comments

A business can fail or flourish depending on the quality of its customer service. Read on to understand why this aspect of your apparel business is so crucial for its success.

Why Customer Service Matters

Put simply, customer service matters because your customers matter. If you don't serve them well, they'll quickly find another apparel brand that will.

Seventy percent of all purchase decisions are based on how a customer feels, according to McKinsey & Company. You might think you can smooth over a sticky situation when a customer voices displeasure, but remember this: 96 percent of unhappy customers don't complain. Nine out of 10 of those silent disgruntled consumers will simply take their business elsewhere, according to 1Financial Training Services.

Posted: 3/2/2017 4:52:33 PM by Global Administrator | with 0 comments

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