Supply Chain Risk Management: Identifying and Mitigating Challenges
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Supply Chain Risk Management: Identifying risks and Challenges

Since the coronavirus pandemic triggered widespread shortages and delays, the global supply chain has been playing catch up. Geopolitical issues, such as the Ukraine conflict and rising tensions in the South China Sea, have compounded these woes. Furthermore, incidents like the Suez Canal blockage have highlighted the importance of building up supply chain resilience.

As per a 2023 Supply Chain Outlook report, 60% of small and medium-sized businesses reported losses of up to 15% or more in 2022. In 2021, nearly half of all small businesses reported to the US Chamber of Commerce that they struggled to keep up with customer demand.In the face of increasing labor shortages, fluctuating demand, and inventory issues in 2024 and beyond, businesses must do more to maintain a more resilient supply chain. 

It is vital to identify supply chain risks and challenges to develop effective measures to mitigate them.That is what you will discover in this article ! 

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E-commerce How do I Source Products to Sell Online
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E-commerce: How do I Source Products to Sell Online?

Sourcing products to sell can be a real challenge may it be through online or offline channels. You have to make the right decisions in business because you never know how much a mistake can cost you and your business. Therefore, you must choose carefully who you do your business with. It might affect your running costs and profits.

Many businesses hire eCommerce development services to do their bidding for them. The experts guide online store owners on how to navigate through the uncharted waters of the eCommerce industry. And to attain success in business, you must be able to sell your product online. But from where you can source these products?

Well, a wide range of options is available for you to choose from. But you have to keep one thing in mind and that is, whatever channel and supplier you choose to source products to sell online, it must comply with your business values and mission statement. Then and only then will your business grow otherwise, you will be facing a lot of troubles and setbacks.

Now, what are those options you ask? Well, in this article, we are going to discuss them. So, analyze each one thoroughly and choose wisely.  But first, let us discuss what product sourcing means.

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cold-email-templates-suppliers
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E-Commerce: Cold Email Templates To Land New Suppliers

Cold email calling is the most effective way of making your lead-generation campaigns more efficient. It is an integral part of the sales process under which a company's service provider introduces themselves. 

But cold emails have received a relatively poor response compared to other outreach methods. So how can we make this method compelling?

Cold emails require less effort from the salesperson's end. But they are not as effective as other modes of communication due to a lack of quality content. 

The subject line and the opening line of the email impose the whole impression of why a person should consider responding to the email. 

It can be challenging to master the art of cold email marketing, but not impossible. In this article, we will share cold email templates to land new suppliers for e-commerce. We will also discuss a winning formula for writing a perfect email for your business.

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Trends follow to grow e-commerce business
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Trends to follow to grow your e-commerce business

In 2021, online shopping skyrocketed. More than $3.53 trillion US dollars was earned through online purchases in 2016. By the end of 2023, it is expected to have risen to a whopping $6,54 trillion. The exponential expansion of worldwide e-commerce may be seen in these figures.

Even though online retail is expanding, marketing your store is essential to its success. Even though the playing field is larger now, you should keep in mind that there is also more competition.

In 2022, the market for online purchases is expected to expand even further. So, if you're highly focused on expanding your online store, you need to look into developing a plan to do so.

There are many methods you can use to make sure your eCommerce business evolves but, of course, not all will be ideal for your business or its demands. However, there are universal procedures that can be easily adopted.

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7 Quick Tips for Establishing a Logistics Sourcing Strategy

It is often challenging to integrate the infrastructure and systems for supporting the transfer of goods from one place to another. In the process, the companies also need to innovate in the logistics department while not failing to provide the desired and standard quality of services to their consumers. The more you pay attention to the logistic space of your business, the more value and success your brand will receive as an outcome.

On the other hand, working with the wrong commodities supplier can have detrimental impacts on the growth and development of your company. Especially when you consider the effect it has on your logistics, the consequences can become fatal.

Suppliers often fail to serve all the stores of your business chain in time. Even though such an event might not affect your business finances, it would undoubtedly negatively affect your brand's reputation.

And recovering from reputational damages is pretty challenging for any business. Therefore, you need to be on the lookout to identify and implement successful logistics sourcing strategies to spark profits and interest rates in your company. In such cases, you can outsource to a skilled logistics partner who can help kindle innovation while keeping your time and budget constraints in mind.

So, if you are looking for beneficial and effective ways to establish logistics sourcing strategies in your business or company, this article will answer your question. Here we will talk about logistics and sourcing in detail to help you get an idea of how to establish a logistics sourcing strategy for your enterprise is simple and practical steps.

But before we move on to the MVP of our article, let us get a few things straight to diminish your doubts:

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4 Strategies to Help You Manage Supply Chain Risk effectively
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4 Strategies to Help You Manage Supply Chain Risk effectively

Business runs with strategies and planning to achieve the business goals in financial, operational, functional, and organizational aspects. But are these the only factors that boost a business to progress? Supply chain management is an important factor that supports most businesses from manufacturing, selling, reselling, and delivering it to the right one who needs any product.

Supply chain management starts from the flow of goods and services to the right person according to his/her requirement. It includes the process of transforming raw materials into fine good products that come to market. Supply chain management is the active streamlining of a business’ supply activities to extend customer value and competitiveness.

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The Comprehensive Guide to Picking a Third-Party Logistic
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The Comprehensive Guide to Picking a Third-Party Logistics (3PL) Partner for Your Business

Whether you’re looking for your first third-party logistics partner or making a switch from your current provider, finding the right company can be a challenge. The reputation and success of your business depend, in part, on your logistic partner’s reliability, making them a crucial part of your brand’s service and success.

After the COVID-19 pandemic dismantled supply chains, businesses began investigating logistics providers with contingency planning, technology and automation, and supply chain diversification to weather the disruptions. Avoid an error that can negatively impact your business by choosing the right third-party logistics partner, or 3PL.

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How to Improve the Way We Monitor Supplier-Related Risks?

Businesses face various types of supplier risks when managing their supply chain. These risks involve uncertainties that can present challenges to their current or future operations. Unfortunately, not every organization understands the wide range of supplier-related risks and fails to manage them.

Before we move on to discuss ways to improve the way we monitor supplier-related risks, it is important to understand what is meant by supplier-related risks. Supplier risk is referred to as any risk associated with a supplier's operation or organization that might have a negative influence on your company's activities.

Depending on the activities of the firms involved and the sort of transactions made, there are a variety of hazards. However, we may categorize these risks into four types.

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A complete guide to order goods from another country
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A complete guide to order goods from another country

With the growth of global markets today, ordering goods from all across the world is no longer an unthinkable or expensive affair. Today, almost every individual and business are ordering products from overseas if they are unavailable in the domestic market.  

Whether it be the steel and iron industries, importing goods can be an unavoidable necessity for every business.  And e-commerce websites have made it even easier for people to attain goods from other countries with affordable international shipping prices. Electronic items, fashion apparel, beauty products, cosmetics, and toys make up for the largest section of imported goods in general.  

But before you buy goods from another country, there are certain risks and tips that you need to be aware of. While the internet can easily overwhelm you with too much unnecessary information, here in this article, we have tried to summarize the entire process for you.  

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