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The Rise of Lightweight eCommerce

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Small businesses feel the pressure as interest rates and cost-of-living expenses rise

The environment is becoming increasingly unpredictable, making it challenging for small businesses to thrive. However, there is a silver lining in the form of eCommerce, which is experiencing significant growth in one particular segment: lightweight items like socks.

Andres Herrero of the Sydney Sock Project explains how the business has been able to grow alongside Sendle and the power of ShipStation’s automated delivery solutions, saving money and time.

Founder and CEO of Sendle, James Chin Moody shares how their team is placed to assist small business with unique and affordable packaging options. Sendle is keeping delivery efficient whilst remaining sustainable as their customers have come to expect, despite the gloomy economic conditions.

With interest rates and inflationary pressures on the rise, small businesses are being squeezed from all sides. This unpredictable environment has made it challenging for small business owners to make long-term plans and investments. However, one area that is experiencing significant growth is eCommerce, particularly in the lightweight items segment.

Sophia Pope from ShipStation outlines the several reasons why these lightweight products are experiencing such significant growth. Firstly, the pandemic of course accelerated a shift to online shopping, as consumers look for more convenient ways to shop.

With many brick-and-mortar stores closing their doors, eCommerce has become the go-to shopping destination for many consumers. This trend is expected to continue in 2023 and beyond, making eCommerce a critical channel for small businesses to reach customers.

Small Business Insight is sponsored by Sendle find out more about how your business can get involved with their sustainable shipping solutions

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Why a rapid response is paramount to cyber defence

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As cyber attacks hit Australia every 7 minutes, a rapid response is crucial for affected companies.

As cyber attacks proliferate every seven minutes in Australia, reports indicate a worrying trend of escalating severity, urging companies to prioritise rapid response measures to mitigate potential damages.

Amidst this crisis, experts stress the criticality of immediate action for companies suspecting they’ve fallen victim, underscoring the need for a well-defined incident response plan.

Lucas Bressanutti, Crawford Cyber Lead and Forensic & Financial Accountant of Crawford & Company, shares his insights on the importance of a fast response to cyber attacks. #cyber attack #business #cyber resilience

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How to overcome imposter syndrome in the workplace

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Skilled professionals and entrepreneurs are facing impostor syndrome amidst increasing workforce demands.

A growing number of professionals and entrepreneurs are grappling with the overwhelming effects of impostor syndrome, fostering hidden feelings of inadequacy and fear of exposure despite their competence.

Despite their expertise and accomplishments, many professionals and entrepreneurs find themselves grappling with feelings of unworthiness and self-doubt. These sentiments, often hidden behind a facade of success, stem from a fear of being exposed as fraudulent or inadequate in their roles.

According to a recent study by Calabasus in 2021, a staggering 65% of professionals suffer from impostor syndrome, shedding light on the pervasive nature of this issue.

However, despite its prevalence, impostor syndrome remains one of the least discussed yet most impactful challenges facing professionals today, as highlighted by research from KPMG.

Suzana Mihajlovic, Director of Your2minds shares her insights on how to combat imposter syndrome.

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How to defend against fraud and cyberattacks

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In the face of escalating fraud and cyberattacks targeting Australian retailers, businesses are actively seeking solutions to combat this growing menace.

The sentiment among Australian consumers reflects growing concern regarding fraud in online shopping.

To address these challenges, businesses are exploring various strategies to bolster protection for both themselves and their customers against fraudulent activities.

Hayley Fisher, Country Manager for Australia & New Zealand at Adyen, sheds light on Adyen’s 2024 Retail Index findings, highlighting the shifting landscape of fraud attacks for Australian retailers. #money #fraud #cyberattacks

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