Wholesale Distribution Trends
The way many people look at business and trade has forever changed, and this directly applies to many facets of wholesaling.
1. Data-Driven Decision Making
Business has always been a number game, but state-of-the-art technology makes it possible for both wholesalers and retailers to make data-driven decisions in terms of how much inventory to hold, when to buy and what to buy.
Additionally, access to advanced analytics and detailed consumer behavior reports helps these types of businesses make decisions for marketing, sales and even internal operations.
2. Artificial Intelligence for Efficiency
Automation is key in scaling almost any business model. Wholesale distribution companies are calling on advanced technology and artificial intelligence to make their business processes more efficient.
Artificial intelligence has been developing for years, and many wholesale distributors are starting to benefit as advanced programs and technology become more easily accessible to businesses with smaller budgets.
3. Global Expansion and International Trade
Global trade has been on the rise for decades, but thanks to advanced technology geared towards enterprise use, this trend has made leaps and bounds in 2020.
Again, Alibaba.com is at the forefront of the global growth of wholesale distribution. Our platform offers unique tools that allow buyers and sellers to communicate with automatic translation.
That means you can communicate with whoever is on the other side of the screen no matter what language they speak.