Amazon recently announced changes to its Seller Fulfilled Prime (SFP) program, which allows Fulfilled by Merchant (FBM) sellers to ship items directly to domestic Prime customers from their own warehouse or a 3rd party logistics provider. By contrast, Fulfilled by Amazon (FBA) sellers pay the retail giant to store, package, and ship orders – guaranteeing them access to Prime customers. Launched in 2015, SFP is designed to provide three key benefits to sellers who prefer to use their own fulfillment methods.
Sellers of online pet products have reason to be optimistic. While many industries have taken a hit during the pandemic, the pet product market appears to be recession resistant. According to the American Pet Products Association, retail pet supply sales in the U.S are expected to reach $99 billion in 2020, up from $95.7 billion in 2019.
Channel Key, LLC is excited to announce that we have transitioned to a fully remote company. Our channel management marketplace agency employs e-commerce professionals from around the U.S. and has established an-offshore support team in the Philippines. Channel Key began piloting remote work options in 2019, allowing employees to work from home two days a week. In March, we were forced to close our offices to comply with a state-wide lockdown in response to COVID-19.
Summer is winding down, which is good news for many businesses. With COVID-19 accelerating online shopping, Amazon Prime Day (slated for October) and the 2020 holiday season are on path to generate record e-commerce sales. However, a successful Q4 on the world’s largest online marketplace is largely contingent upon another event that will arrive much sooner: Amazon’s Inventory Performance Index (IPI) evaluation period.
These days it’s difficult to discuss anything without mentioning COVID-19. The pandemic has added an element of uncertainty to just about every facet of daily life. Case in point: with the fall semester approaching, parents and students are still unsure exactly what the upcoming school year will look like. Many schools, colleges, and universities have announced a tentative mix of e-learning and in-classroom teaching, which has changed the demand for back-to-school supplies.