Mercado | Insights - Mercado makes it easier to purchase the products you sell

Insight: Mercado makes it easier for clients to purchase the products they sell

Article | What I learned in Supply Chain

Mercado makes it easier for clients to purchase the products they sell

August 12th, 2021
8 minute read

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Every week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of an on-going series. Each article aims to share a little insight into what's going on that week, and to help foster discussion amongst industry professionals across levels, geographies, and companies.
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You can read his full post here
Mercado is an import Order Management System (iOMS) which connects and automates the entire supply chain.
Now more than ever, new solutions are needed in order to contend with the complexity and challenges which all importers are facing. Last year, the top 100 importers alone collectively purchased and shipped 3 million containers. This equals approximately $105B in import inventory, with a retail value of $265B.

Incredibly, all of this inventory is managed offline. A product that is ordered and delivered online in 5 days with minimal intervention - is the same product that was purchased offline but delivered in 5 months, with massive intervention.

Mercado has created the first modern online importing platform — leveraging years of industry experience and modern technology. By connecting purchasing and logistics directly to sales demand, we help companies achieve greater efficiency and profitability.

Archimedes said, “With a lever and a place to stand, you can move the world.” In addition to profit, the opportunities for importers to enhance their global supply chains are endless. iOMS Technology is the key to addressing major corporate objectives such as ESG, resilience, and transparency.

Importing is a highly fragmented, disconnected, complex, and manual industry. A single order can require hundreds of emails, and the order changes on average 7 times. The costs, opportunity costs, and hidden costs each represent significant savings potential.

“Prior to Amazon, online buying was either non existent, or a high-friction experience, and is now friction free. Frictionless online purchasing...is the next big opportunity for competitive advantage and increased sales."
– Rob Garrison, Mercado CEO

An online import platform changes everything. Networked communication for improved collaboration, workflow for increased reliability, connectivity for complete visibility, and automation for greater efficiency.

These four elements are the essential building blocks for dealing with the massive challenges importers are facing every day, in the most difficult import environment I have ever seen. Prior to Amazon, online buying was either non existent, or a high-friction experience, and is now friction free.

Frictionless online purchasing - connected to the selling engine - is the next big opportunity for competitive advantage and increased sales. After spending my entire career in the import supply chain as a carrier, importer, and 3PL (UPS, FedEx), I dealt with every one of these challenges first hand. I knew that it needed to be solved, and saw that the technology was finally up to the challenge.

Navigation has gone from offline (maps} to Garmin (digital maps), and from Garmin to Waze (digitized network). Navigating the supply chain requires the same transformation. A connected, sensing, predictive, and smart platform changes the game.

We can help you navigate this complex supply chain.

Waze for imports has arrived.


About the author(s)
Mercado Labs | Rob Garrison, CEO & Founder
Rob Garrison
CEO, Mercado Labs
LinkedIn

About the Series

Each week, Mercado CEO Rob Garrison pens his latest learnings from the supply chain industry as part of a series run for his LinkedIn followers. Each article aims to share a little insight into what's going on that week and to help foster discussion amongst industry professionals across levels, geographies, and companies.

You can connect with Rob on LinkedIn by following this link.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.
Mercado | Bring Order to your Imports
                                               
© Mercado Labs Inc.
From us to you...

Thank you for using Mercado. Our goal is to empower businesses to better navigate the complex world of importing. We know data security is of paramount importance, so we place high standards on ensuring it is safely and respectfully secured. We are committed to following and continuously evolving best practices to support this principle. Your data is yours, and we guard it closely. We do not sell any of your information, and we will always be fully transparent on how we collect and use your data. That's a promise.