Friday, March 10, 2017

Learn about the Five Most Important Trends for Wholesale Distributors in 2017

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What does it take to remain competitive in the constantly changing world of distribution?


From increased competition and changing business models to a barrage of new, innovative technologies, the way distributors do business is starkly and fundamentally different than it was even five years ago. In an age with such pronounced structural change and competitive pressures to risk not changing is to risk failing.
 
Turning your attention to growing existing customer revenue and improving employee productivity may be the key. Over 63 percent of businesses ranked revenue growth as their highest priority and have plans for building revenue and cutting costs. 
 
Download our report to learn more about the trends facing modern distributors and the strategies that leaders in the space are using to tackle these trends. In the meantime, here are the most important trends impacting Wholesale Distribution:

  1. Your Target Market is Online, and You Should be Too

    The modern consumer across all parts of the supply chain turns to the internet as the ultimate source of knowledge for purchase decisions - thus, a strong online presence is crucial for continued business success, whether in the world of B2B or B2C commerce. Ecommerce continues to be a key topic and distributors need to be ahead of it if they want to remain relevant and fresh in the face of major industry changes.

  2. Competition is Everywhere and They are Leaner, Meaner and More Tech-savvy Than Ever

    In today’s distribution landscape, it is only getting harder to differentiate. With the ever growing number of competitors, how do distributors position themselves as unique and stay a step ahead? What trends are affecting our industry? Assessing and reassessing these questions on a regular basis is absolutely essential for continued success in the constantly evolving world of distribution.

  3. Business Models are Rapidly Changing

    Distributors are exploring new ways of going to market. Between the internet’s pervasiveness among modern consumers and the constant flood of technological advances in the business world, companies have to fundamentally change the way they operate in order to hold up against their competitors.

  4. Investing in Tech is not Just for the Amazons of the World

    In order to remain competitive, distributors need to continue upgrading their work environments and stay on the cutting edge of technology. Gone are the days of paper pushing and manual processes – tablets, scanners, and cloud systems are changing the game and making the modern distributor warehouse sleeker, cleaner, and more efficient.

  5. Employee Productivity is Critical for Success

    Tech upgrades - although very important - are useless without the employees to act on the efficiencies they bring. Employee productivity for the modern distributor is key to success long term; much of that productivity can be facilitated with new technologies. Warehouse automation, CRM, ecommerce, pricing and analytics are just some of the updates modern distributors implement to streamline their processes while increasing employee productivity to improve the output of their operations.


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Contact Us

To learn more about NXTurn, please contact our sales team at 888.450.3330 ext. 307 or by email at sales@nxturn.com. 

About NXTurn

Since 2005, NXTurn has assisted hundreds of NetSuites customers with quality implementation, support, customization, integration and eCommerce services. NXTurn is a leading provider for NetSuite’s on-demand, integrated business management software for growing and midsize businesses and NXTurn provides a fast, cost effective, reliable way to integrate and manage external applications and data with your NetSuite account.

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