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10 Retail Data Points that Show the Value of Fast Shipping
We’re constantly pouring over the latest data and research within the retail, e-commerce and logistics industries, looking for great nuggets and interesting trends. Much of the research that caught our eye between 2019-2022 focused in on how to help retailers maximize the efficiency of online shopping, by curbing cart abandonment. When digging into this information, there's a clear correlation between how often online shoppers abandon items before purchase, and their desire to receive free or fast shipping. For retailers making the shipping experience a key part of the shopping experience is a simple and effective way to boost online purchases. Here are ten key stats that reinforce this idea.
Podcast: Operations Is the Other Half of the Ecommerce Brain
When Amazon launched their Buy With Prime offering late April 2022, our friends at FutureCommerce asked me to hop on the podcast to share what Shipium thought of the announcement. With the industry focused on the one-click-checkout war, I proposed a different take: This was a very big deal to tech-forward 3PLs who compete against Fulfillment By Amazon (FBA).
How Retailers Can Win Back Leverage in the Great Carrier War
Consider a three-sided relationship between retailers, carriers, and technology providers.
Shipium Makes Logistics Series a History Raising $27.5M
Today we are announcing some historical news. Our latest funding round, a $27.5M Series A led by Insight Partners, is the largest venture-backed Series A in logistics SaaS history.
Supply Chain Technology and Retail Technology are Merging
The NRF Big Show in NYC was an interesting experience. While attendance was obviously down due to the Covid-19 pandemic, the spirit was still there, and intelligence could still be gathered. In particular, buzz around sessions, speakers, and overall floor conversations can tell you a lot about where the industry of Retail Technology is going.
AI in Supply Chain: Shipium at TransformX Panel
On October 7th, CEO Jason Murray got a chance to speak on a panel discussion at the annual TransformX event put on my ScaleAI.
Freight Waves TV Interview: Simplifying Logistics
Last week I had a chance to sit down with Andrew Cox from FreightWaves TV to chat about Amazon's early days and what learnings from that period can be applied today for everyone else who isn't Amazon.
Supporting the Women In Retail (WIR) June Virtual Exchange
We are big fans of the community building efforts by Diane, Kristina, and the rest of the Women In Retail organization, which is why we were excited by the opportunity to support them by sponsoring their June Virtual Exchange.
Shipium Raises $8 Million in Seed Funding
Shipium is proving to be an idea that ecommerce companies want. Due to the explosion of ecommerce over the last year, it's proving to be an idea they need, too.
Pull vs. Push: How Amazon Revolutionized Its Supply Chain
Ecommerce operators have a bad habit of falling into "supply-side" thinking. Forecasting demand has been figured out by someone else, they think, with merchandise ordered and ready to be placed into fulfillment centers. Their job then becomes a linear planning exercise going from start to finish in increasingly smaller units. The merchandise goes from container to truck to pallet to box to door step. This is push-based thinking. It's the idea that the job is efficiently and effectively pushing the flow of goods from beginning to end. One of the most powerful ideas both Amazon and Zulily adopted was the idea of pull-based supply chain thinking. Start from the end goal, and work backwards. Efficient and effective planning in reverse order is where actual stepwise optimizations can be found.
