Issue 100: Preparing for Prime with FBM
Hello, MyFBAPrep Sellers!
Today get ready to meet your next favorite NJ warehouse – namely #72 in the MyFBAPrep network. Learn all about our strategic location, services, and a recent hazmat FBA prep project we took on at this location.
MyFBAPrep Warehouse Network Spotlight
📣 Warehouse 72
Warehouse 72 is able to provide top-notch service thanks to a few factors.
- Our 40,000 square feet of space is meticulously organized to handle various products and fulfillment operations. Beyond volume, the warehouse focuses on versatility by allowing for the segregation of products based on their specific storage and handling requirements.
- Warehouse 72 employs state-of-the-art security systems alongside a fully gated perimeter to ensure the safety and quality of all goods in its facility.
- The facility goes beyond basic storage by offering specialized temperature and climate control areas designed to maintain optimal conditions for various goods. From delicate electronics that require a cool, dry environment to perishable items in need of refrigeration, Warehouse 72 can accommodate almost any prerequisite.
- Warehouse 72 also offers differentiated fee schedules based on the specific services merchants utilize, alongside various transportation modes to best suit each project’s requirements.
Learn more about Warehouse 72 and how we prepped 5,000 hazmat units at this location.
How to Prepare for Prime Day with FBM
We advise Amazon sellers to take steps to increase their restock limits. For example, you could issue removal orders for slow-selling products, cancel non-urgent shipments, and hone operations to reduce the time from shipment to Amazon acceptance with FBA prep.
Fulfilled by Merchant (FBM) is an ideal solution for sellers who want to increase their sales volume capacity and later FBA limits (provided they can contract with a cost-effective fulfillment partner). The new Capacity Manager system places fewer capacity limits on FBA than in previous years as long as you can boost sales and fulfill them on your own. FBA sellers can easily sell via FBM alongside their existing setup by duplicating listings and adding a new SKU.
Tip: Add “FBM” to the SKU so it’s clear which items are which.
In most cases, the best strategy will be to leave as much of your high-volume stock with FBA as possible, while keeping a small amount in your FBM network ready as a backup.
At the same time, move low-volume or slower stock to FBM, which you can then sell yourself without it cutting into your restock limits. That’s a major benefit since current restock limits are based on total throughput (remember, your limits are designed to be one month of stock across the whole category).
Here are some steps you can take now to prepare for peak sales periods:
- Identify slow-moving stock and recall it from FBA.
- Create FBM listings for all products that might sell out through FBA on Prime Day.
- Partner with a 3PL to handle your excess inventory and FBM orders.
Get more tips on preparing for Prime Day with a mix of FBA and FBM.
Get lightning-fast FBA prep, in plenty of time for Prime Day
Work with MyFBAPrep to get your inventory prepped in 1-2 days and into the FBA network, ready to sell on Prime Day. We offer value-added services, standard prep, and much more.
Aligning Brands With 3PLs for eCommerce Success
As eCommerce continues to dominate the retail landscape, a symbiotic relationship between brands and third-party logistics providers (3PLs) is key to success.
This partnership extends beyond mere logistics management — it involves a deep understanding of each other’s business models, goals, and a shared vision required to navigate the online selling landscape.
Read on to learn more about how brands create and maintain successful partnerships with their 3PLs, leveraging insights from our interview with Steven Edelstein of Fulfillment IQ.
Learn about common misalignments and how to find the right 3PL partner.
Top Industry News
Ecommerce Logistics: Challenges and Solutions for 2024 (Global Trade Magazine)
Research claims that about 20% of online purchases fail to be delivered to the customer. As 2024 further unfurls, the challenges in ecommerce logistics are evolving, but so are the solutions. In this article, it will break down the top logistics hurdles that online retailers face today and offer battle-tested solutions to conquer them.
Swap Raises $9 Million to Launch Global eCommerce Platform (PYMNTS)
Swap has raised $9 million in a Series A round to launch its global eCommerce platform designed to facilitate cross-border shipments. The new Swap Global will enable the company to help direct-to-consumer (DTC) brands unlock new markets with delivered duty paid (DDP) shipping, automated tax remittance and express customs clearance, Swap will also use the new funding to grow its marketing and sales teams and expand its footprint in the United Kingdom, Europe and the United States.
FedEx’s Bid to Enhance Cross-Border E-Commerce Transparency (Supply Chain Digital)
FedEx Express is working with Zonos to significantly enhance the global online shopping experience by creating transparency on customs processes. Cross-border e-commerce is already enjoying a significant boom as more and more consumers do their shopping online and search relentlessly for the best-possible deals. According to a 2023 study conducted by Juniper Research, transactions of this nature are expected to surge by 107% – reaching more than US$3.6tn – over the next five years.
Last-Mile Delivery Logistics Platform Market Growing Trends and Demands Analysis Forecast 2024 to 2032 (Watech)
The Last-Mile Delivery Logistics Platform Market is experiencing rapid growth fueled by the burgeoning e-commerce sector and evolving consumer preferences for fast and reliable delivery services. As businesses strive to meet the increasing demand for doorstep deliveries, there is a growing need for efficient last-mile logistics solutions. Factors such as route optimization, real-time tracking, and delivery scheduling drive market demand.
E-commerce is Witnessing the Amazon-ification of Shein, as the Fast-Fashion Behemoth Woos Skincare and Toy Brands (Fortune)
E-commerce giant Shein is spreading its arms to envelope more than just the fashion and apparel for which it’s known—and it’s starting to look like another familiar online market platform in the process. Shein is wooing brands such as household goods conglomerate Colgate-Palmolive, toy maker Hasbro, and skincare brands to sell their products in its marketplace, Reuters reported Tuesday. The company, known for affordable and stylish clothes—albeit made with concerns about labor practices and its environmental impact—is taking steps to create a platform that is everything to everyone.
Online Retailer Mytheresa Says it will Benefit From Luxury eCommerce Implosion (FInancial Times)
Mytheresa — which focuses on wealthier, slightly older customers looking to purchase a wide range of products as opposed to those shopping for individual items — is emerging as one of the last major players standing. Its target audience is someone who spends six figures annually on clothing and accessories, according to Kliger. The platform also has a restrained approach to discounting, appealing to brands.
Everything We Know So Far About Amazon Prime Day 2024 (CNN)
Five days ago, Amazon’s CEO Doug Herrington announced that Prime Day will take place sometime during July. For the past several years, Amazon Prime Day has also spanned two days. Before 2020, Prime Day always took place in July, but the sale was delayed in 2020 due to the pandemic, taking place in October instead. In 2021, the event returned to summer with a June date, and in 2022 and 2023, Prime Day took place in July.
Until next time,
Rachel Andrea Go
Marketing Director, MyFBAPrep