Every year, 80 billion pieces of clothing are created for sale. It’s no secret that the clothing industry has often been the subject of rebuke, given its systematic failure to respect worker’s rights. Not only that, but much of the clothing produced is low-quality, and it’s mint-condition is a brief stage. Zady is a clothing company that has resolved itself to change that, and to become the new standard.
What exactly does that look like, though? For the company, whose founders have been dubbed the “Whole Foods of Fashion,” they’re making sustainable responsibility their baseline, and not their end goal.
It is very important to have sustainable product packaging in today’s world. Business owners are looking for attractive marketing packaging that is also made of eco-friendly materials. Bio-degradable plastics, paper packaging with 40% or more post-consumer content, and reusable bags are becoming the norm.
Even more exciting for business owners, according to a study by the World Business Council for Sustainable Development, businesses using sustainable packaging had an average profit of 4% more than those not using these products.
As e-commerce sweeps in, retailers resting on the physical storefront recognize that there are two important factors at play that must be addressed. As labor costs rise, they must work to keep costs down, and as consumer expectations change, they must evolve to suit them.
Robots address both of these issues. A report says that within the next five years robots will be responsible for 6% of jobs in the United States being eliminated. Many of the issues that retailers face on a consistent basis can be combated by robots. Peak hours that are undermanned, high employee tuner-over rates, theft, messy stores, etc., can all be dealt with by robots.
It’s no secret that for businesses, sending out packages the last mile is also the most-expensive mile. That’s why many retailers have allowed for free delivery if customers opt to send their online purchases to the store, instead of their doorstep. But Uber has recently launched a brand-new start-up that they hope will become a preferred alternative for small businesses hoping to cut down on their shipping costs.
UberRUSH utilizes the same concept that granted the original facet of the company’s success. They’re bringing small businesses an on-demand fleet of drivers ready to deliver at a moment’s notice.
Small business owners would do well to look at the methods much larger retail outlets use to turn lagging sales and profit around. Most recently, the retail giant Walmart has experienced a 9.6% sales surge and is expecting to draw over $112 billion in revenue this year. The chain of discount department stores has faced increasing competition from Amazon, as many shoppers value the mail-order giant’s responsive customer service and competitive pricing.