The Boom of the eCommerce Software Industry in 2021
The eCommerce software industry has yet another quarter of rapid growth as businesses work to keep up with the ever-increasing demand from consumers who either recognize the ease of online shopping or are still sheltering in place with the pandemic safety regulations.
In addition, global e-commerce sales are expected to increase by around 14% in 2021, and worldwide sales are nearing $5 trillion. As millennials continue to make cut backs on non-essential items, though how that term is defined is highly debated, the fastest growing eCommerce categories are bread makers, hair dye, ping pong equipment and playdoh, while trends more typical for this season of the year like travel, luggage, formal wear and swimsuits for warmer weather are still on steep decline.
As the eCommerce software industry continues to boom, what are the benefits to your business if you hop on this trend?
Benefits of eCommerce Software
One Comprehensive Solution.
A shift in process from manual to autonomous will increase your capacity for additional and more accurate orders without the need to hire additional staff. Not only does this decrease labor costs, but you are able to increase the shipments per day.
Simplifying the multiple software packages required to maintain your order processing and fulfillment needs will simplify, reduce opportunities for error, and reduce the cost per shipment so you’re your team can focus on increasing shipments per day.
Pick, Pack & Ship with Order Fulfillment.
Automation through software allows your eCommerce business to do more with the same team, driving labor costs down drastically and increasing your capacity to fulfill additional orders immediately without the hassle of hiring and training new staff.
Reliability and reduction in errors, as well as optimizing on time delivery to consumers, managing compliant retailer transactions, delivering real-time inventory and shipping documents all strengthen relationships with sales channels and the consumer journey to receive your product.
EDI Charges Eliminated.
One of the biggest benefits to a software solution is eliminating EDI charges, especially since they have grown exorbitantly over the past year as shipping to individual consumers has skyrocketed. To learn more about the history of EDI, visit our blog here.
Connecting to all retailers, suppliers and warehouses is essential, but it’s crucial to find a software that provides unlimited EDI without transaction charges.
Simplify with OPAL’s 4-in-1 Software Solution
EDI | Order Management | Warehouse Management | Shipping
OPAL is the innovative solution to simplify your small to mid-sized to enterprise business fulfillment needs in today’s rapidly transforming retail world.
Simplifying with OPAL will:
- reduce processing time up to 90%,
- reduce processing cost up to 80%,
- improve order accuracy up to 99%,
- reduce undelivered packages up to less than 1%, and
- increase daily shipments by 25-50%.
All in all, OPAL users experience a 300% – 500% increase in order fulfillment capacity. To learn more about how OPAL can help your business simplify and keep up with consumer demand, click here!
Click here to book your customized demo today. We are here to support you through this time of change and are here to help you innovate and thrive!