You’re losing the equivalent of 11.7% of sales every year but not even noticing. The majority of this loss goes unseen. It’s largely invisible to you and the businesses around the globe that combined are being swindled out of $1.75 trillion a year.
Learn how to bust the ghost economy costing you $1.75 trillion by mastering inventory management with our new eBook.
Even worse, the majority of these losses are preventable.
The culprit is the ghost economy, which is defined as the largely hidden cost associated with overstocks, out-of-stocks and preventable returns. Despite worldwide retail sales that are forecast to grow in the mid-single digits through 2020, significant operational inefficiencies exist and are coalescing to cost you:
These are the sum total of lost sales or money left on the table that add up to nearly 12% of sales for the typical business.
Getting rid of the ghost - the one robbing you blind - requires seeing it first. Only then - if you have the courage - can you unhaunt your business, bust the ghost for good, and claw back the trillions of dollars it’s costing you and your business peers.
Download our free eBook to learn how to become a ghostbuster today!
The ghost economy could be costing your retail eCommerce business a significant amount in lost revenue. Here’s what you need to know. Read more
Is dead stock weighing your business down? Find out what it is and how effective dead stock management can improve both your profit margins and your understanding of your customers. Read more
The three main culprits of the ghost economy are stockouts, overstocks and returns. Find out the formula to calculate their true cost to your eCommerce business. Read more
The ghost economy doesn’t just drain costs upfront, but it also has an ongoing effect on your customer loyalty and repeat purchases. Read more
Ghostbusters unite! Find out how to combat the impacts of the ghost economy and drive higher profits for your business. Read more
Here are three tools you can utilize to stop the ghost economy from hurting your eCommerce business profit margins. Read more
Download our latest ebook to learn how to bust the ghost economy costing you $1.75 trillion by mastering inventory management..