Top Inventory Management Stats Impacting eCommerce
2 Minutes read
The pandemic introduced a period of hustle for eCommerce businesses buoyed by the sudden rise in demand. While some businesses quickly responded to the challenge backed by technology-driven solutions, some lagged. While some businesses created a long-lasting relationship with their customers by addressing their needs in the moment backed by an automated and integrated order processing and inventory management system, some were too slow to react. Businesses that were slow to react to the sudden surge in demand due to a lack of a real-time view into their inventory lost revenue and valued customers. The statistics below underlines the value of inventory management for modern-day eCommerce businesses and how it fared pre-during-post the pandemic.
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