The global retail and wholesale market is expected to reach US$71.8 trillion in 2021, up 9.9% from 2020. The growth is attributed to the ability of businesses to re-arrange operating models to reflect the restrictions imposed by COVID-19. The market is expected to reach $93696.36 billion in 2025 at a CAGR of 7%.
According to MarketsandResearch, retailers and wholesalers are adopting a robust and cohesive strategy for data analytics in management. The goal is to enhance supply chain efficiency, streamline operations to engage customers and build loyalty.
Asia’s retail sector transitioned to online in 2020 spurring e-commerce. Buyers are also using e-commerce for direct-from-manufacturer sales. This means manufacturers and wholesalers must adapt accordingly and do so fast.
This Add to cart: Bringing wholesale distribution online from Oracle NetSuite is your playbook on how to manage shifts in business models and channels, drive sustainable long-term sales strategies and support business continuity for wholesale distribution.
The playbook not only lists best practices in developing and executing customer experience that targets business customers, but also includes practical guides on improving online operations, as well as warehouse and distribution processes.
Click here to download your copy of the Add to cart: Bringing wholesale distribution online playbook now.