Boo! The ghost economy is costing you $1.75 trillion: How to bust it by mastering inventory management
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:
$471.9 billion in overstocks
$634.1 billion in out-of-stock items
$642.6 billion in preventable returns
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!
What is the ghost economy and why is it costing $1.75 trillion annually?
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
What does dead stock mean? (And 3 tips to fix it!)
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
Stockouts, overstocks, and returns: Calculating the ghost economy’s impact on profitability
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
How does the ghost economy impact customer loyalty?
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: How to combat the ghost economy
Ghostbusters unite! Find out how to combat the impacts of the ghost economy and drive higher profits for your business. Read more
3 Tools for transforming your business & combating the ghost economy
Here are three tools you can utilize to stop the ghost economy from hurting your eCommerce business profit margins. Read more
The ghost economy guide
Download our latest ebook to learn how to bust the ghost economy costing you $1.75 trillion by mastering inventory management..