Insights into Best Buy’s Growth Strategies With CEO, Corie Barry #LogiNextInsights This article is a part of the #LogiNextInsights series where we bring to you insights on the secret sauce behind the world’s major brands! Best Buy observed a 33.2% growth in online sales for Q1, 2022 (2x growth, compared to 15% in […]
Insights on Home Depot’s growth strategies with CEO, Ted Decker #LogiNextInsights This article is a part of the #LogiNextInsights series where we bring to you insights on the secret sauce behind the world’s major brands! With an 11% growth in sales in the fourth fiscal quarter, Home Depot expects to beat Wall Street’s […]
What is Reverse Logistics? How to optimize reverse logistics to improve your revenue? LogiNext’s study reveals that the average manufacturer spends between 5 and 20 percent of revenues on returns. Return rates were noted to be between 8% to 88%, with maximum returns observed in the clothing segment. 76% of first-time customers that had […]
[Quick Commerce Boom] Global LogiNext clients report a 24% increase in under 30-minute deliveries LogiNext customers across sectors like QSR (Quick Service Restaurants) and Retail eCommerce have reported an average of 24% increase in under 30 minute deliveries in the last 6 months 100+ enterprise clients in USA, Middle East and APAC participated in […]
The top challenges, especially for CPG companies, are lack of proper delivery movement visibility, lack of control of actual on-ground logistics, delayed reaction time if anything goes wrong on-ground, over or under-utilized truck capacities, inaccurate estimated time of arrivals (ETAs), etc. LogiNext can help overcome all these and more.
The client was one of the largest online home goods retailer in North America with more than 60 million active online users, 10 million hosted products, and 20,000 suppliers. LogiNext optimized their entire logistics movement with optimized carrier handling and high customer (delivery) experience.
The Southeast Asian region would grow at 32% CAGR, reaching about $88 billion by 2025, Indian shores have taken up e-commerce strongly. Here, the market is slated to reach $64 billion by 2020, $200 billion by 2026, and surpass the U.S market by 2034
Internet of things (IoT) with the latest in machine-learning backed algorithms are the way logistics would be optimized to meet all customer demands and requirements, right from fast shipping, live tracking and notifications, and on-time delivery with optimized final mile movement.
Amazon’s prime day upped the utilization of their fulfillment centers by over 25%. They have made their logistics leg into a powerhouse which they keep leveraging to get ahead of the competition. O one hand they are losing money and on the other, they are continuously building value, much more than any other company. What’s the key here?
Companies can compete by making a better product. But it’s no longer enough. The company also must create a great delivery experience for the customer. Proper logistics movement optimization is key, not just to ensure quick and on-time deliveries, but also to boost customer satisfaction and retention.