Returns are a fact of life for retailers. In fact, the average return rate for online retailers is 30%. That means that for every $100 in sales, a retailer can expect to receive $30 in returns.
2022 has been a rough year for retailers.
Direct-to-consumer e-commerce distribution operations were on the rise for years, but during our “unprecedented times,” this world not only experienced growth, but a near overhaul. Sales records were shattered as companies scrambled to bolster their systems and find the appropriate staff to support it all.
Whether you call it an enterprise or an organization, your company will benefit from everyone rowing in the same direction. In other words, your company’s purpose should be aligned to (and reflected in) your strategy, operations, resources, and management systems.
It’s a difficult time to lead a retail distribution, logistics, light manufacturing, or most any other supply chain-related operation right now. The headlines are filled with bad news, whether it be the soaring numbers of workers quitting their jobs, or the increasing rates organizations have to pay in order to lure employees back.
Three Simple, Yet Powerful Strategies You Can Implement Right Now
At labor-driven organizations, entire careers have been spent chasing the elusive unicorn of lower workforce costs.
There’s more to success than skill. A lot more, as it turns out. Too many people, and too many organizations, ignore the importance of grit.
Angela Duckworth’s notion of grit provides a fascinating insight into how people work and what makes them thrive. At nGROUP, we see that notion put into practice every day. For us, grit is much more than a corporate value. It’s a fundamental part of our clients’ continued success.
In labor-intensive industries, the quest for lower costs and higher production is a constant part of the business.
How much are you paying for labor? In large part, the answer to that question is dependent upon the answer to another question: how are you paying for labor?