The e-commerce industry is focusing on shortening the supply chain to fasten the last mile. Since the era of Industry 4.0 is here; the new concept of hyperlocal or 10-minutes delivery is trending among the end consumers. Lightening fast deliveries and D2C concept is not only increasing customer satisfaction but also it is enhancing the relationship between the brands and its customers.
Store onboarding is the new step of digitisation in the e-commerce industry. With upcoming solutions like hyperlocal and quick-commerce, the e-commerce industry is now focussing on enhancing customer exprience and reach. They are utilising the already established market of the local stores to fasten the whole supply chain.
The eCommerce industry is leaving no stone unturned to reach its pinnacle of success. It has given the consumers umpteen benefits - to list down a few:
All these benefits come at a huge cost. The funds raised are heavily invested in providing these benefits to the final consumer. The supply chain bears the highest cost leading to the profit margin being reduced to a negligible level. The current process followed cannot serve as a long-term source of earning.
Surrounded by cut-throat competition it is a must for the eCommerce giants to come up with new and innovative ideas every day. Although with such advance technology in place where the charm of the retail industry seems to have vanished, people still trust the retail stores for their day-to-day needs. They have come up with the new mantra of store onboarding which would allow them to venture into offline business hence giving them an opportunity of gaining higher market share along with a number of benefits.
As the number of orders processed per day has increased manifolds and is increasing with every single day, the costs incurred in logistics and warehousing is huge. Venturing into the offline business would reduce these costs and would also bridge the gap between the retail and eCommerce industry, thereby helping both the industries to grow and work in synergy.
With this new concept the following benefits can be reaped:
To facilitate this new venture of eCommerce giants to foray into offline business, Isourse has come up with a technology that would make the onboarding process of stores and delivery partners smooth and completely paperless. Few of its features are listed below:
The eCommerce industry has disrupted the landscape with the help of technology. The idea of store onboarding will place the power of technology throughout the retail value chain. It will empower the store owners hence bringing in more business for both the industries.
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