Although ecommerce sales declined by 6% in the fiscal quarter ended Nov. 28, they inched up as a percentage of total sales as MSC improved on its revenue declines of the prior quarter.
A new survey by ecommerce credit services company Apruve Inc. finds that 76% of buyers of B2B medical supplies rate ease of finding information as a top priority.
The company’s new MSC MillMax digital program is designed to engage customers by making it easier for them to set up complicated milling operations and reduce manufacturing costs. The program is helping MSC grow in a multibillion-dollar market.
Companies like Henley Enterprises, a nationwide chain of Valvoline oil-change service centers catering to corporate fleets, are deploying digital invoices with embedded payment links.
Weber Logistics, a third-party logistics company with a strong focus on clients involved in ecommerce, is planning to grow its services with new funding from Stellex Capital Management, an investment firm specializing in logistics and transportation businesses. The companies did not disclose the terms of the deal.
In a recent talk to investors, CEO Marvin Ellison notes that next year Lowe’s will roll out an updated LowesForPros.com, although key details aren’t yet available. The retailer also is upgrading other aspects of ecommerce and its network of 1,728 stores in the U.S. and 64 Canadian locations to appeal to more contractors and consumers.
Mark Pickett, who led cross-channel marketing at startups as well as Fortune 500 companies, will head up cross-channel growth at MSC Industrial Supply as the company focuses on growth both online and offline.
Among the biggest challenges posed by the pandemic is maintaining cash flow during a disrupted market. But a move into digital payment systems can help businesses—including buyers and sellers—weather the storm and improve their operations, Justin Main of Billtrust writes.