Advertisement
11/10/2020

GS1 US Launches Retail Tool for Small Businesses

GS1 US Launches Retail Tool for Small Businesses GTIN
A GTIN is the unique product identifier encoded into a UPC barcode that's widely accepted by most retail systems.

GS1 US is helping smaller businesses with e-commerce.

The organization 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 UPC barcode that's 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 UPCs and GTINs in online product listings. A GS1 US study revealed in 2019 that the majority of growing small businesses (54%) said that using UPCs 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 of 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.

Ewing Township, New Jersey-based 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.

Also Worth Reading