Eight New e-Commerce Tools Businesses Can Leverage
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Businesses seeking to grow their sales may benefit from e-commerce tools that reduce their workloads while making it easier for their products to reach consumers. We discuss new e-commerce tools that businesses can leverage, below.
Supply chain by Amazon
Amazon recently rolled out its supply chain service, which allows Amazon to automate and manage product movement for sellers. To access this service, sellers only have to provide pick-up locations and product details, leaving Amazon to handle things such as the consolidation of inventory, carrier pickup and optimization based on costs, inventory and demand.
Cross-border ecommerce platform
DHL Global Forwarding recently launched cross-border services that will allow sellers to ship from China, affording sellers access to expedited service to other markets, customs clearance and more than 10,000 specialists.
SAP order management service
ChannelEngine, which offers software for marketplace integration, can now be found on the SAP store. This integration enhances efficiency in order management while leveraging advanced artificial intelligence capabilities to optimize operations. It also allows sellers to receive orders, synchronize inventory automatically and manage cancellations across different marketplaces.
Flexible cash advances
eBay recently entered into a partnership with Liberis to expand its capital program for sellers in the United States. This option offers merchants quick access to funds, with the option of unlocking additional funds at they pay.
Buy now, pay later
Payments service Klarna is collaborating with Xero, an accounting platform, to assist small businesses to accept payments from customers who would prefer a buy-now, pay-later option. Klarna is also offering alternatives to credit cards embedded with controls that allow for responsible spending.
Search Ads campaign
TikTok recently launched a new campaign that allows merchants to control how their content shows up on search results. This also allows advertisers to optimize for performance and scale.
Sponsored products
Selfridges, a luxury department store, recently entered into a partnership with Criteo, a commerce media platform. This move will allow brand partners under Selfridges to access retail networks via Criteo. Brand partners will also be able to create personalized consumer engagements for their shoppers.
HubSpot App Marketplace
Trustpilot was recently listed on the HubSpot App Marketplace, a move that will allow businesses to improve consumer experiences, streamline the collection of revenue, build trust in their brands and drive conversations. By automating invitations to review, Trustpilot believes sellers can obtain quality feedback, enhance their credibility and strengthen their relationships with consumers.
It would be interesting to hear what e-commerce platform providers such as NextPlat Corp. (NASDAQ: NXPL) (NASDAQ: NXPLW) think are the must-have tools from the list in the discussion above.
NOTE TO INVESTORS: The latest news and updates relating to NextPlat Corp. (NASDAQ: NXPL, NXPLW) are available in the company’s newsroom at https://ibn.fm/NXPL
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