#eCommerceTrends

[raillingfarrell]

ChatGPT Made a Magento 2 Module YOU GOTTA SEE ?

ChatGPT Creates Magento 2 Module: The Future of Software Development?

In a recent YouTube video, Mark Shust, a Magento 2 developer, shared how he used ChatGPT to create a complete Magento 2 module. The module is called "Mark Shust Layout Handle Logger" and it logs all layout handle processing that occurs on the website.

Shust used ChatGPT to generate the PHP code for the module. He provided ChatGPT with some input information, such as the module name, description, and required functions. ChatGPT then generated PHP code for all of the necessary components of the module, including the module class, service class, template class, and additional classes.

The module created by ChatGPT works flawlessly. It accurately logs all layout handle processing that occurs on the website. Shust tested the module on a number of Magento 2 websites and he was very impressed with the results.

Shust's video has generated a lot of attention from the Magento 2 community. Many people have expressed surprise and awe at ChatGPT's ability to generate PHP code. Some people even believe that ChatGPT could change the future of software development.

Can ChatGPT Change the Future of Software Development?

The answer is yes, ChatGPT has the potential to change the future of software development. ChatGPT is a large language model, trained on a massive dataset of text and code. This allows ChatGPT to generate high-quality PHP code.

ChatGPT can be used to create modules, extensions, and even complete Magento 2 applications. This can help developers save time and effort.

However, ChatGPT is still under development. It does not always generate perfect code. Developers still need to test and edit the code generated by ChatGPT.

Regardless, ChatGPT is a tool with great potential. It can help Magento 2 developers create new and innovative software solutions more quickly and easily.

My Thoughts on ChatGPT

I think ChatGPT is a very impressive tool. It has the ability to generate high-quality PHP code. I believe that ChatGPT can be used to improve the efficiency of the software development process.

However, I also recognize that ChatGPT is still under development. It does not always generate perfect code. Developers still need to test and edit the code generated by ChatGPT.

Regardless, I believe that ChatGPT is a tool with great potential. It can help Magento 2 developers create new and innovative software solutions more quickly and easily.

Conclusion

ChatGPT is a powerful tool that has the potential to revolutionize the way software is developed. It is still under development, but it has already shown that it can be used to create high-quality PHP code. As ChatGPT continues to develop, it is likely to become even more powerful and versatile.

[aiiinaire]

Leaked CIA research reveals Brain waves ritual attracts money to you!!

The purported revelation of leaked CIA research suggesting a connection between brainwave rituals and attracting wealth has sparked intrigue among individuals seeking unconventional methods for financial success. The concept implies the existence of a technique that harnesses the power of brainwaves to draw money toward the practitioner. While the authenticity of such claims remains uncertain, the notion of utilizing mental focus and frequencies for prosperity has intrigued many. Those curious to explore this potential avenue for personal development are encouraged to click here for further information and delve deeper into the alleged CIA findings, although it's crucial to approach such subjects with a discerning and critical mindset.

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[grey-space-computing]

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[cryptogids]

Eerste Beweging Amerika: Bitcoin Daalt Voorwaarts Voor Mogelijke Rentestijging door de Fed

Suze Orman, een bekende financieel expert en podcast-host, heeft haar mening over Bitcoin gedeeld. In een wereld waar veel financieel adviseurs sceptisch zijn over cryptocurrencies, valt Orman op met haar steun. Ze is ervan overtuigd dat Bitcoin een plaats heeft in beleggingsportefeuilles, maar met belangrijke overwegingen voor beleggers.

[secretstalks]

How Quick commerce affects Kiranas compared to e-commerce

Sahil Barua, CEO of Delhivery, a leading logistics firm, recently shared his insights on the company's performance and future strategies in an interview with ET’s Pranav Mukul and Samidha Sharma. Barua discussed various aspects of Delhivery’s operations, including the sustainability of rapid delivery models, revenue growth challenges, and market outlooks.

On Delivery Models and Sustainability:

Barua expressed skepticism about the long-term viability of ultra-fast delivery models, such as 10-15 minute deliveries, beyond groceries and fast-moving consumer goods. He predicts that as the costs of these expedited services become clearer, delivery timelines are likely to extend. Delhivery is responding by focusing on 2-4 hour deliveries through a new network of shared dark stores for brands and e-commerce players. Barua emphasized that Delhivery will steer clear of instant delivery services, opting instead for more feasible and sustainable delivery windows.

Revenue Growth and Market Conditions:

Delhivery has faced slow revenue growth recently. Barua pointed out that the company's e-commerce express parcel business is a reflection of current market conditions. The launch of Meesho’s logistics vertical, Valmo, has reduced the overall volume available to third-party logistics providers, although Delhivery has been less affected due to its limited reliance on Meesho. The company is also in the process of renegotiating contracts with clients, which is affecting the speed of volume growth.

Future Focus and Challenges:

Looking ahead, Delhivery’s primary focus remains on its part-truck load (PTL) business. As this segment grows and becomes more efficient, including express shipments, it has contributed to improved profitability. The company has successfully captured market share from both organized competitors and traditional, unorganized sectors. However, the truckload business has encountered challenges due to factors such as elections and adverse weather conditions.

Growth Outlook:

Barua anticipates a volatile but growth-oriented outlook for the next six to nine months. While the company’s performance in July and August has met expectations, predicting future trends in the e-commerce sector remains challenging.

Stock Performance and Market Perceptions:

Delhivery's stock has yet to recover to its IPO price of Rs 487. Barua noted that he cannot offer specific insights into stock price fluctuations but remains focused on guiding the company to serve its stakeholders effectively, regardless of market valuations.

IPO Market Trends:

Barua acknowledged the recent trend of startup IPOs being priced more moderately compared to the high valuations seen in 2021. He views the availability of public markets for startups as a positive development, crucial for fostering innovative enterprises, despite occasional setbacks. He believes that supporting businesses in their public offerings is a wise long-term strategy.

Holiday Season Outlook:

Barua does not expect a dramatic breakthrough in e-commerce growth for the holiday season. While a 23-24% growth rate is unlikely, he anticipates a more modest increase of 15-18%. He highlighted that cost-cutting measures have been critical to ensuring the sustainability of the company, emphasizing that maintaining low costs is essential for long-term viability.

READ MORE

[exinent]

🚀 Stay ahead with the Top Magento Trends in 2024! 🚀

[weblinkindianet]

𝐌𝐨𝐛𝐢𝐥𝐞 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐖𝐞𝐛 𝐃𝐞𝐬𝐢𝐠𝐧: 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐎𝐧-𝐭𝐡𝐞-𝐆𝐨 𝐒𝐡𝐨𝐩𝐩𝐞𝐫

🔹 In today's 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐚𝐠𝐞, 𝐬𝐦𝐚𝐫𝐭𝐩𝐡𝐨𝐧𝐞𝐬 𝐫𝐞𝐢𝐠𝐧 𝐬𝐮𝐩𝐫𝐞𝐦𝐞. 🔹 𝐖𝐞 use them for everything from staying connected to 𝐬𝐨𝐜𝐢𝐚𝐥 𝐦𝐞𝐝𝐢𝐚 to 𝐜𝐚𝐭𝐜𝐡𝐢𝐧𝐠 𝐮𝐩 on 𝐧𝐞𝐰𝐬 𝐚𝐧𝐝, 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠𝐥𝐲, for 𝐬𝐡𝐨𝐩𝐩𝐢𝐧𝐠.

𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨: https://www.weblinkindia.net/blog/mobile-optimization-in-ecommerce-web-design-catering-to-the-on-the-go-shopper

[techfee]

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[bluelupinblogs]

Why Speed is the New Competitive Advantage in E-commerce

Introduction 

Do you think having a good collection of products, maintaining the quality of products, and presenting competitive pricing are enough to attract new customers and retain existing ones?

McKinsey found in a survey that 25% of customers leave their cart abandoned when the expected delivery time is more than 4 days. BigCommerce showed in a report that 66% of customers expect same-day or next-day delivery unless they look for alternatives!

So, it is obvious that you need to improve your delivery speed too to keep your customers engaged and achieve desired conversations. However, it's not easy to optimize all the operational areas that create a bottleneck reducing your logistics and distributing speed. But owing to the digital revolution there is a simple solution to this. It is customer software development for making your operations more efficient and increasing speed.

In this blog, we will explore what are the bottlenecks that are reducing your speed and how you can overcome them through custom software development solutions. Besides, I will share industry insights that will help you understand what your industry pioneers are doing to enhance their shipping speed.

Why speed is the new competitive advantage in The E-commerce Industry

Businesses need to understand that customers expect faster delivery from them. Consumers are switching to e-commerce at a rapid pace. If they can search anything online, find what exactly they are looking for, and even place an order within a few minutes, they will hate waiting long until receiving their ordered products. 

“customer behavior shows that faster shipping is more effective in driving conversions than discounts, with 65% reporting an increase in e-commerce cart conversions of up to 25% when they offer a one-to-two-day delivery promise.”

Not offering same-day or next-day shipping options can significantly impact your e-commerce business.

“22% drop out of an online shopping session because shipping is too slow”, and “50% of customers abandoned their carts due to inadequate delivery options”.

These insights show businesses are losing a loyal customer base and sales due to inefficient delivery options. 

Keeping this in mind, when you offer faster shipping facilities, that Generation Z and millennial consumers are even willing to pay extra for, you can get a competitive advantage over other e-commerce providers in the market. You can boost your revenue by simply offering quicker, cost-effective, or free deliveries in flexible ways.

Behind-the-scene factors: the transportation and logistics bottlenecks 

In the e-commerce industry, the delay in the shipping of goods is largely related to delays in the back office or behind-the-scenes activities, that is majorly transportation and logistics. The vital factors for delaying the overall e-commerce supply chain, acting as transportation and logistics bottlenecks are the following:

Fleet management: 

Inefficient route planning and choosing longer routes, faulty maintenance of vehicles, and dependency on human drivers who can not work for 24 hours at a stretch, lead to overall downtime. 

Warehousing and Storage Issues:

Ineffective layout and space management leads to more goods stuffing and delays in order processing. Dependency on human labor leads to slowing down processes and errors in real-time inventory stock data.

Order Fulfillment and Distribution:

Human intervention in every activity from sorting, picking, packing, and data entry of stocks, eventually leads to poor data communication with carriers, a major challenge when demand spikes.

Inventory Transportation and Control:

Wrongly forecasting demand and supply leads to overstocking and understocking, and no real-time visibility and transparency in the inventory movement results in poor distribution and stockouts as well.

Freight Management and Carrier Selection:

Selection of carriers based on cost-effectiveness often leads to increased transportation time. During peak seasons, limited carrier capacity, communication gaps with back-office teams, and increased shipping costs slow down the delivery process.

The End-to-End Logistics Process: From Order Placement to Final Delivery

Impact of Transportation and Logistics Challenges on Businesses

Ineffective logistics management raises your production costs. 

This decreases your overall profit margins.

Your product shipping gets delayed, resulting in increased cart abandonment. 

Customers don't revisit your site, causing you a sudden decrease in sales.

Many problems, one solution, implementing advanced technology-enabled custom software solutions that will streamline your logistics, inventory, and supply chain, resulting in reduced bottlenecks and faster delivery to customers. 

Solutions to Overcome These Bottlenecks

Fleet Management Bottlenecks

You can leverage a custom fleet management software (FMS) solution that micro-maps efficient vehicle routes immediately. Such a system will cut your fuel costs, reduce delays, and lead to more efficient driving. 

Verizon Connect, for example, has the capability of route optimization and real-time tracking, enabling deliveries to be delivered timely. A customized FMS can not only increase your fleet utilization but it also eventually helps in eliminating transportation bottlenecks to a great extent.

Warehousing and Storage Issues

You should implement a Warehouse Management System (WMS) to automate your layout optimization and inventory tracking. For example, SAP Extended Warehouse Management (EWM) optimizes the use of space and eliminates human error in stock management. The speed and accuracy with which your warehouse can process orders will give you an edge, as real-time data tracks the status of batch items to reduce errors in order fulfillment.

Order Fulfillment and Distribution

An Order Management System (OMS) integrated with AI-driven automation can work for your e-commerce business. For example, Manhattan Associates leverages a custom OMS that simplifies sorting, picking, and packing and eliminates manual data entry, reducing human error and accelerating Order processing. They allow your system to direct data exchange from carriers in real time. Eventually, this makes sure that you can handle demand spikes without delaying the distribution of your orders.

Inventory Transportation and Control

You need a customized Inventory Management System (IMS) integrated with Predictive Analytics to forecast the demands precisely. For example, Oracle Inventory Management is one such software that offers real-time visibility on stock levels and the journey of goods from packing to shipment to avoid overstocking or stockouts. This solution provides more transparency and control over your distribution, warding off transportation headaches.

Freight Management and Carrier Selection

You can engage a custom Transportation Management System (TMS) that focuses on carrier performance and costs. For example, Kuebix shows how TMS solutions can optimize carrier selection based on delivery speed, capacity, and reliability during peak seasons. It removes communication gaps, decreases shipping costs, and ensures delivery on time, protecting you from usual freight management bottlenecks.

Latest Technologies That You Can Trust to Improve Speed!

Various advanced technologies are making e-commerce logistics faster and more efficient than ever. Let's explore some of these and understand how they are revolutionizing speed in e-commerce logistics & distribution networks-

In the case of software optimization, Artificial Intelligence serves as the leading frontier, AI-powered algorithms can optimize routes and predict demand in stocks. They can efficiently manage inventory in real-time from AI-generated lists as well. 

Another latest trend is autonomous vehicles and drones, which allow faster last-mile delivery, most effective in rural areas. 

Blockchain technology makes the supply chain transparent by utilizing real-time tracking of the movements of goods and secure data exchanges for better communication.  

With the help of Robotic Process Automation (RPA), warehouse operations are streamlined from sorting and packing to real-time inventory updates. It results in fewer errors and speeds up order fulfillment. 

Internet of Things (IoT) devices are connected with different logistics equipment, ensuring transparent communication between warehouse operation and fleet monitoring. They provide real-time visibility for e-commerce logistics systems in which various electronic components have been integrated. 

Therefore, if you manage to collaborate with a top software development company in India, they can combine these tools to make your e-commerce logistics process faster and, at the same time, help you respond to dynamic market needs seamlessly.

Here are a few global companies in the e-commerce logistics domain and the technologies they are using to facilitate speed-

Amazon - Robotics & AI

UPS - Autonomous Vehicles

DHL - IoT & Blockchain

FedEx - AI & Predictive Analytics

JD.com - Drones & Robotics

Maersk - Blockchain & IoT

Alibaba - AI & Big Data

Walmart - Blockchain & RPA

Flipkart - AI & Machine Learning

Cainiao (Alibaba Logistics) - IoT & Drones

Companies that are leveraging technologies for speedy delivery 

Amazon 

Amazon is leveraging autonomous delivery vehicles like drones and factory robots to receive human intervention. 

They are also using AI-enabled software for data-driven predictive analytics to optimize the best routes for faster delivery, and forecasting demands ahead of peak seasons. 

Amazon has fully automated its fulfillment centers with robotics, AI, and ML.

Flipkart

Flipkart has developed custom software with AI-powered route optimization and predictive analytics for logistics management.

Flipkart's automated logistics network offers them speedy delivery of goods.

Walmart

Walmart is leveraging drones to ship products, especially in rural areas. 

They have adopted Blockchain technology for transparent visibility in their supply chain, resolving issues in real-time. 

FAQs

1. What are the risks of delay in delivery of goods?

In the age of e-commerce, nobody prefers waiting long for any service. Consumers can find products and place orders quickly, expecting to receive the purchased items within one or two days of order placement. Delaying delivery risks the reputation of your e-commerce business, customers feel unsatisfied and unhappy, likely giving you negative reviews, and even losing a loyal customer base.

2. What is the cause of shipping delays? 

Shipping delays are linked to unoptimized logistics and supply chain management. Faults in documentation, labor shortages, human errors, overstocking or understocking, longer route selection, inefficiencies of human drivers, unavailability of the right carrier, and lack of transparent visibility in the supply chain, are the major reasons for shipping delays.

3. How has technology improved shipping? 

Advanced technology has helped improve logistics and supply-chain bottlenecks for faster shipping. Using AI and ML for predicting future trends and pre-stock products during peak seasons, blockchain for transparency in the supply chain from packing goods to dispatching, drones and industrial robots for error-free work processes in warehouses, and autonomous vehicles are causing faster shipments. 

Conclusion 

It's clear in this e-commerce landscape - speed is not just an advantage now, it's a game-changer! If you fail to optimize your whole logistics and delivery management system, probably, you won’t survive in this environment anymore. It is high time you invested in custom software development solutions to integrate AI, Blockchain, and automation to gain the necessary speed and accuracy that customers love. 

Remember, in today’s e-commerce market, having the best price or best product does not necessarily make you a winner. You have to bring those desired products to your customers to become the most reliable platform for your customers. To become more confident and take your business to the next level, feel free to collaborate with a top software development company in India and promise the fastest deliveries to your customers.

[upbstechnology2001]

Online marketing tips to expand your E-commerce business

Using SEO Techniques: Research high-ranking keywords and develop an SEO-friendly website by optimizing its structure and internal links.

Rank with Social Sites: Be active on platforms like Facebook, Instagram, and LinkedIn. Share engaging, quality content consistently to maintain visibility.

Invest in Paid Ads: Run targeted ad campaigns on social media platforms and implement retargeting strategies to re-engage your audience effectively.

Marketing Tips: Expand your product range through quality content, social media campaigns, and email marketing. These methods will help increase visibility and drive traffic to your eCommerce business.

[grey-space-computing]

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[kodytechnolab]