Estimated reading time: 2 minutes, 40 seconds

GS1 US Expands Offering to Help Small Businesses Capitalize on E-Commerce Opportunities

GS1 US Expands Offering to Help Small Businesses Capitalize on E-Commerce Opportunities "Pencils"

GS1 US has expanded its product identification offering for small and micro businesses with the introduction of a single GS1 US Global Trade Item Number (GTIN). Ideal for businesses that are launching a new product, the new single identifier will provide a low-cost option to uniquely identify products and streamline the process for getting items ready for sale across retail and e-commerce channels.

A GTIN is the unique product identifier encoded into a U.P.C. barcode that is widely accepted by most retail systems. With a one-time cost of $30, a business can create a single GTIN, manage related product data and share the information with trading partners using GS1 US Data Hub | Product. Additionally, a business that licenses an individual GTIN will automatically be included in the GS1 Global Registry, a database that many retailers and online marketplaces use to verify product identification and confirm product authenticity.

The single GTIN offering was created to support the needs of U.S.-based small businesses that are increasingly using e-commerce to sell their products as consumer purchasing activity rapidly shifts online. According to a recent Amazon study, American small businesses sold more than 3.4 billion products through the online marketplace in the past year, up from 2.7 billion the previous year. Additional research underscores the importance of having U.P.C.s and GTINs in online product listings. A GS1 US study revealed in 2019 that the majority of growing small businesses (54%) said that using U.P.C.s in their product listings made it easier for customers to find and buy their products.

“Since the onset of the COVID-19 pandemic, we’ve seen an uptick in the number of small businesses needing to identify their products to sell online,” said Bob Carpenter, president and CEO, GS1 US. “We want to support these small brands on their journey and provide them with an authentic GTIN that will not only be accepted by a variety of retailers and online marketplaces globally, but also make it easier for consumers to find and buy their products.”

Since requirements can vary by retailer, small businesses should consult seller guidelines to understand which GS1 identification standards are needed to support electronic data exchange, shipping and other purposes. To help small businesses make informed product identification decisions, GS1 US has created an estimator tool and other resources to support their growth. Please visit www.gs1us.org/upcs-barcodes-prefixes/get-a-barcode for more information.

 About GS1 US:  GS1 US®, a member of GS1 global, is a not-for-profit information standards organization that facilitates industry collaboration to help improve supply chain visibility and efficiency through the use of GS1 Standards, the most widely used supply chain standards system in the world. Nearly 300,000 businesses in 25 industries rely on GS1 US for trading partner collaboration that optimizes their supply chains, drives cost performance and revenue growth, while also enabling regulatory compliance. They achieve these benefits through solutions based on GS1 global unique numbering and identification systems, barcodes, Electronic Product Code (EPC®)-based RFID, data synchronization and electronic information exchange. GS1 US also manages the United Nations Standard Products and Services Code® (UNSPSC®). For more information, visit www.gs1us.org.

Read 185 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.