The e-commerce industry is forecast to see substantial growth in 2022. Retail e-commerce sales in 2021 totaled $4.9 trillion, and may reach $5.42 trillion this year. Exponential growth in the sector has given rise to an ecosystem of millions of third-party sellers on sites such as Amazon that make up more than 55 percent of all sales, all vying to source and sell as quickly and cost-efficiently as possible.

However, traditional banks have failed to service sellers’ needs. Moreover, the added pressures of shipping bottlenecks and warehouse disruption have contributed to a harsh logistics environment for vendors, so much so that Lake Superior State University chose the term “supply chain” for its Top 10 “Banished Words List” in 2021.

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