Industry Trends Archives | GoShip: Online Shipping Platform

Industry Trends

Freight shipping, a vital cog in the global economy, is undergoing significant changes. Truck freight rates are at the heart of these transformations, a key factor influencing the logistics and transportation industry. These rates, determined by a complex mix of market demand, fuel costs, and regulatory factors, directly impact how goods are moved across countries […]
It’s crazy to think about how much the shipping industry has changed and evolved over the years. Shipping has been in practice longer than we could go back and track. There has always been a need to move goods from one location to another, but now that process has improved. Today we can order, ship, and track our packages from the comfort [...]
Labor shortages occur when the demand for workers in a particular industry exceeds the supply of people who are qualified and willing to take the job. In logistics, labor shortage puts a strain on the supply chain, making it difficult for businesses to fulfill orders. Learning how to work through labor shortages keeps your business […]
Shipping is a cost neither business owners nor their customers enjoy having to shoulder. It is, however, impossible to avoid in e-commerce. Shipping costs often leave the affected parties no choice but to learn how to deal with it. Fortunately, there are effective strategies you can employ to reduce your e-commerce store’s shipping costs. Here […]
Fashion e-commerce has grown tremendously over the years and is set to generate almost 300 billion dollars in sales by 2025. To remain competitive in this fast-paced industry, simply selling great clothes will not suffice. It is equally crucial to bring your A-game in the area of apparel fulfillment to keep your customers satisfied and […]
Backorders are inevitable in business. Learning to manage them while keeping your customers happy is key to running a successful business.   What is Backorder?   A backorder occurs when a customer orders an item that is temporarily out of stock. Generally, back-ordered items comprise goods that are unavailable in the seller’s current inventory but are either […]
If you sell items offline or online, you will likely find yourself in situations where customers need to return purchased products. This can happen for different reasons, including defective or damaged items, wrong item purchases, customers deciding they no longer want the product, or failing to meet customers’ expectations.   Regardless of the situation that leads to […]
Have you ever wondered why the top dogs in your industry have more customers than you? Or what they are doing right to retain their first-time customers. It is simple. They understand one of the most powerful principles in the business world — prioritizing holiday order fulfillment and overall customer satisfaction. In the business world, customer satisfaction […]
There are several shipping pricing methods for e-commerce businesses–each with its strengths and weaknesses.   Pros and Cons of Flat-Rate Shipping Method   Flat-rate shipping is a pricing method where the shipping fee depends on the size of the box or envelope rather than the item’s dimensional weight.   Pros of Flat-Rate Shipping   Cons of Flat-rate Shipping  Pros […]
It is at least five times more expensive to acquire a new customer than to retain an existing one. Therefore, investing in customer loyalty is one of the best decisions a company can make as a loyal customer is a business’s most valuable asset.   What are Customer Loyalty Programs?   A customer loyalty program is a […]