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💡 𝐃𝐚𝐲 4: 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐁𝐚𝐫𝐫𝐢𝐞𝐫𝐬 𝐭𝐨 𝐄𝐧𝐭𝐫𝐲 Barriers to entry are obstacles that companies must overcome to enter a new market. These can significantly impact the success of new players in an industry. 𝐂𝐨𝐦𝐦𝐨𝐧 𝐛𝐚𝐫𝐫𝐢𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: 🔹Capital requirements 💰 🔹Technical expertise 🛠️ 🔹Brand recognition 🏷️ 🔹Distribution channels 📦 🔹Economies of scale 📈 🔹Technology and innovation 💡 🔹Government regulations 📜 🔹Product differentiation 🛍️ 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞𝐬𝐞 𝐛𝐚𝐫𝐫𝐢𝐞𝐫𝐬 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 𝐟𝐨𝐫 𝐞𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 𝐩𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥! #BarriersToEntry #BusinessStrategy #Day4 #MarketAnalysis

Are supply chain challenges holding your business back? We're here to help! The Supply Chain Publishing Network pilot project is transforming how demand and supply data is shared, led by the Alberta Chambers of Commerce and Wisebox Solutions Inc. Let's build a resilient network together, empower small players, and foster collaboration and competition. Connect with us at llinnell@abchamber.ca to learn more! #abchambers #supplychain #abbiz

I got a little sun yesterday. 🌞 Good morning, 5 am club! Matt, your Logistics Ambassador, with today's update. 🗣️ Quote reflection: Don't compromise standards for external admiration; focus on reality. 🏭 Bill Robinson discusses the issues with siloed departments causing inefficiency. → https://lnkd.in/g3bVs9eg 🚚 Transport Topics reports an uptick in freight fraud within 3PL, highlighting the need for vigilance. → https://lnkd.in/g9gGAfGM 📉 WSJ notes potential opportunities with softening warehouse rents. → https://lnkd.in/gyNSS9SQ 🌿 FreightWaves highlights a Mexican carrier's successful use of electric trucks for cross-border freight. → https://lnkd.in/gu7Dghdg 💾 FreightWaves calls for essential data standardization in logistics for improved efficiency. → https://lnkd.in/gngH3H3U 💡 Startups like goFlux raise funds, and Oracle advances AI for smarter logistics operations. → https://lnkd.in/gqSb4bmZ → https://lnkd.in/gimm5_D2 📦 Despite strong container import volumes noted by Descartes Systems Group, over 1,300 layoffs have occurred. → https://lnkd.in/gxsmeGpN → https://lnkd.in/gBJqZGfM 🔄 FreightWaves advises on strategies for the upcoming 'capacity correction' in the logistics sector. → https://lnkd.in/gT5fZ-Mb 🤝 Stord's acquisition of ProPack Logistics indicates growth and consolidation trends. → https://lnkd.in/gTa6jyQe 🤖 Platform Science secures a $125 million investment to enhance tech partnerships. → https://lnkd.in/ggRC9U4z 📈 The week's theme: Integration and efficiency are keys to a more connected logistics future. 🔜 Join me next week for more insights. Keep innovating, stay connected!

🎙️ In this Lenny's newsletter episode, we dive deep into the essentials of building a successful marketplace business. 🏗️ 🔑 Key Takeaway: Start by achieving product-market fit for the hardest (aka most valuable) side of your marketplace. #ProTip: Identify which side is most challenging and grow it first! 💡 Next Step: Focus on liquidity—the efficiency in matching supply and demand. High liquidity = better user experience and higher retention. 🚀 A simple metric to track this is your fill rate—the percentage of demand that turns into transactions. The higher, the better! #MarketplaceGrowth 💥 Is a marketplace the right model for your idea? Look for: High fragmentation on both sides Uniform set of needs Significant barriers in matchmaking or transaction creation ⚠️ Why Marketplaces Fail: Not maintaining quality control Failing to achieve liquidity 🛑 Neglecting one side of the marketplace for too long 🙌 Pro Tip: Leverage your most engaged users to onboard new ones! 🏅 Example: Lyft’s mentor program paid top drivers to train new drivers, resulting in better retention and lower turnover. #RetentionHack #CommunityBuilding 🇪🇺 vs. 🇺🇸 Product Management Insights: In Europe, job security often trumps autonomy, leading to more control from management. In contrast, U.S. companies emphasize equity and ownership, giving teams more freedom. If you're operating in Europe and want to adopt the U.S. approach, focus on education around equity and creating a culture of ownership and accountability. #GlobalPerspective #ProductManagement Tune in for more actionable insights on building and scaling your marketplace! 🎧 #PodcastHighlights #GrowthHacks https://lnkd.in/ddweqdTA

Watch this on-demand webinar to identify key trends unfolding in 2024 and hear how companies like SumUp, Gousto, and Addi are preparing for the year ahead. https://buff.ly/47Lq5J6 #CustomerServiceTrends #PlayvoxWebinar

Are you looking to understand the key trends and challenges businesses like yours are facing? Look no further!! Watch this on-demand webinar to identify key trends unfolding in 2024 and hear how companies like SumUp, Gousto, and Addi are preparing for the year ahead. https://buff.ly/47Lq5J6 #CustomerServiceTrends #PlayvoxWebinar

🚀 Ready to steer your #SupplyChain towards resilience and operational excellence? Join us at #KörberElevate EMEA 2024! Discover the latest industry insights, connect with peers, and chart your course toward success on September 25-26 in Brussels. Don't miss out! Secure your spot today with our early bird tickets before they expire in two days on May 31st! 🎟️🐦 #SupplyChainLeaders #SuppyChainSoftware #Elevate2024

Ever wondered why we're drawn to relationships, stories, and a touch of magic? ✨ it's the essence of what we truly buy. But here's the twist – these enchanting tales often revolve around services. Yes, the real magic happens in the delivery of goods and services. And where do services find their roots? In relationships and collaborations. It's a beautiful cycle. So, let me ask you: In this intricate dance of commerce and connection, what role do you play? 🤔 #BusinessAlchemy #RelationshipsMatter #MagicOfCommerce

Earlier this year, I received a lifetime achievement award from Supply and Demand Chain Executive. Last month, I sat down to talk to Marina Mayer for a quick conversation about returns management and a bit about my journey. Thank you for having me on your podcast. Link to podcast provided in the post below. #saas #supplychain #recommerce #returnsmanagement #RLA #NRF #prostoknow #lifetimeachievement #reverselogistics #supplychainleaders #solvingreturns #sdce

In today's business landscape, there is mounting pressure on COOs to enhance efficiencies. With constraints on team size, talent, and investment, executives need guidance on how to prioritize their resources. See how COOs are going back to basics! #EYSupplyChain #supplychain