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Planning for Excess Inventory Recent global economic trends have caused excess inventory to become a very topical issue for brands and retailers. Unfortunately, it's an issue with no easy remedy as the specific challenges and solutions are dependent on several different factors: your industry, your specific products, your region, your relationships with channel partners and, not least of all, your profit margins. Brands need both short- and long-term strategies to keep inventory flowing. In this new blog geared toward brands, we've outlined a few considerations and practical strategies to help you assess your options and make a decision based on your company size and business goals. If you're a retailer (i.e., selling directly to consumers), and want more retail-centric strategies, please see this recent blog on how retailers can eliminate excess inventory. 2022 Year in Review & Look Ahead to 2023 As we close out this year and look forward to 2023, it's important to pause and review the priorities you've set for the months ahead. What paths do you plan to take to achieve your goals? How will current trajectories in the e-commerce industry challenge or favour your objectives? In our latest webinar, ChannelAdvisor's Vice President of Digital Marketing Strategy Link Walls analysed the past year and examined what's to come in 2023. He discussed the lessons learned, focusing on consumer engagement and emerging trends. Watch the full on-demand webinar now! ChannelAdvisor Is Now a CommerceHub Company On November 15th, ChannelAdvisor and CommerceHub brought together two great companies to create a single organisation which will enable even more brands to reach and convert more shoppers, expand their margins, and enhance the online shopping experience through drop ship, marketplace, digital advertising, and delivery management. By combining these two companies, we now have the privilege to serve more than 18,000 companies transacting more than $50 billion in gross merchandise value and over $500 million in digital marketing spend annually. The scale and breadth of what we can offer brands across the commerce ecosystem is tremendous. We're excited about our vision for the future, delivering greater value by bringing together the best of CommerceHub and ChannelAdvisor and reimagining what is possible. Let us know how we can better partner with you and support your success. We have a tremendous opportunity in front of us. Let's go win — together. Learn more about our acquisition with CommerceHub here. ChannelAdvisor and CommerceHub Named #1 and #2 Channel Management Providers by Digital Commerce 360 ChannelAdvisor, a CommerceHub company, and CommerceHub were ranked as the #1 and #2 channel management providers in the 2023 Digital Commerce 360 Leading Vendors to the Top 1000 Retailers Report. This marks the 11th consecutive year at the top of the list for ChannelAdvisor. In addition, CommerceHub is ranked #5 in fulfilment software, and ChannelAdvisor is ranked in the top four for search engine marketing and the top 10 in online advertising services. Download the full 2023 Leading Vendors to the Top 1000 Retailers report for more details, news and statistics on the state of e-commerce. Product Spotlight ChannelAdvisor's latest product release provides brands with: Expanded Advertising Reach in Europe Supported by our Managed Services team, ChannelAdvisor has expanded its integration with Criteo to help brands reach more consumers and gain visibility across select retail sites in Europe. Ability to Promote Multiple Products Within a Single Advertising Interstitial Experience Brands using our Shoppable Media solution can now promote multiple products to consumers within a single Buy Now Interstitial experience, helping increase the likelihood of conversion by providing potential customers with more options. Access to More Than 370 Marketplace and Retail Integrations ChannelAdvisor continues to reinforce its commitment to channel diversification with support for more than 370 marketplaces and retail sites globally. Click here to learn more about our latest channel integrations and platform features. Coming Soon to Commerce Network… Product Supply Finder! Since its introduction late last year, more than 1,200 sellers and partner channels have turned to the ChannelAdvisor Commerce Network to discover and connect with one another. In January, we'll be making this experience even easier with the addition of Product Supply Finder. This new functionality will allow sellers to choose the products they want to be searchable by potential channel partners. With this valuable feature, sellers can receive inbound queries from partners interested in their product lines. Sellers can then qualify for well-matched potential channel partners. Content & Webinars Check out our latest content in our resource library and blog. To see what's coming up and to see our most recent on-demand webinars and events, stay tuned to our Upcoming Webinars & Events page.
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