eCommerce Basics Tag

Inventory is the fuel for an eCommerce business, As an Amazon seller, maintaining correct balance of stock is important for maximum profitability. One can neither have lost revenue due to out of stock products nor can you keep excessive inventory resulting in higher FBA storage fees. Amazon has completely changed the online retail marketing game for online sellers, though for any successful FBA business execution, you need two things at peak efficiency. The first one is getting the orders, and the second one is a robust inventory management strategy.

The COVID 19 pandemic has shocked the entire world, changed the international supply chain, and has affected all types of businesses. The world is facing an extraordinary crisis and the experts predict that all the business scenarios will be completely changed after the end of this pandemic. Unfortunately, the week players will disappear, and the strong businesses will be affected.

The only business sector that is growing is the online business. Retailers and physical brands that are facing several short term challenges in terms of the supply chain, manpower, cash flow, consumer demand, and marketing. The successful navigation on these issues will not guarantee a bright future. This is because once we get through this pandemic, and overcome it, we will emerge in a much different world. According to the current analysis, to ensure a future in which we will not only survive but also grow is by selling your products on Amazon. It will not only help the retail business to earn but will also provide the opportunity to get their business to the next level.

Incoterms also known as trade terms, constitute the basic elements of international contracts of sale and are widely used in trade and commerce. Incoterms 2020 are valid from 1st January 2020 and they give clarity to the parties engaged in trade deals regarding what to do with respect to carriage of the goods from buyer to seller, and export & import clearance. They also explain the division of costs and risks between the parties.