In July 2019, one of eComchain's clients who are a global manufacturer garage door parts, went online and was able to generate close to $200,000 (USD) in daily online revenue. They migrated from an archaic 20 year-old platform to a responsive, enhanced, feature-rich eCommerce platform on eComchain which provided them business-intelligent reports around revenue by day, week, and location as well as information regarding abandoned carts.
2019 has been a year of new developments and these have been some of the most significant advancements:
Quite a lot has been going on:
B2B eCommerce: Here's What Every B2B Company Needs to Know
B2B eCommerce, when compared to the B2C industry, is projected to be two times bigger than B2C in 2020. In fact, it's anticipated to be the area of largest eCommerce growth from 2020 to 2025.
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Rising mobile and internet penetration Technological advances such as big data and cloud-based e-commerce platforms Advanced shipping and payment options Rise in disposable incomes.
The Push for Amazon Businessmazon Business is the B2B marketplace on Amazon, providing business customers with the pricing, selection, and convenience of Amazon, with features and benefits designed for businesses of all sizes.
Ecommerce returns to jump 26% Jan. 2
With the holiday season in the rearview mirror, retailers are readying themselves for a barrage of returns both in stores and to their warehouses.
Fulfillment operator UPS estimates online returns will increase 26% year over year on Jan. 2, citing an increase in online shopping as the reason why. The day after New Year's Day is one of the most popular days to return items, according to UPS, which calls Jan. 2 National Returns Day. It projects consumers will return 1.9 million packages on this day just to UPS.
Ecommerce Product Releases: January 2, 2020 | Practical Ecommerce
Here is a list of product releases and updates for late December from companies that offer services to online merchants. There are updates on shipping, digital currencies, peer-to-peer payments, growth financing, chatbots, cybersecurity, and supply chain innovation.
Volusion debuts SMB financing with Volusion Capital . Volusion, an ecommerce platform for small and medium-sized businesses, has introduced Volusion Capital, a financing option for small businesses that lack the capital to grow. Powered by New York fintech company Payability, Volusion Capital enables ecommerce merchants to leverage their online sales data and performance metrics to be eligible for up to $250,000 in funding. Merchants typically pay back advances within 8 to 24 weeks.
This may worth something:
Local owners help Winsupply get serious about digital commerce
But during the years leading up to the relaunch, the toughest challenge was convincing senior management that ecommerce was a viable sales channel that could generate a good return on investment, he says.
Winsupply, a 64-year-old company based in Dayton, Ohio, has more than 600 distribution locations nationwide. The company's business model is unusual—each of those locations is essentially a joint venture between Winsupply and a local entrepreneur . Winsupply has equity in each location and provides corporate support services, including ecommerce, to all 600 of them.
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9th Annual Ecommerce Cup - 4th June 2020 - Tamebay
We're thrilled to announce the return of the annual Ecommerce Cup for 2020, which will be held on the 4th of June at it's home of the past few years, Play Football in Shepherds Bush.
Open to ecommerce and multichannel retailers and ecommerce sector suppliers only, The Ecommerce Cup 2019 is not only a hotly contested tournament but a great opportunity to meet customers, suppliers and marketplace and network with industry peers. Last year, Episerver narrowly beat previous winners Just Eat to walk away with the 2019 Ecommerce Cup in a closely fought match. If you think you have what it takes to beat them, get your team sheet together and book your place now .
China and The Philippines eCommerce markets set to grow -
China's eCommerce market is set to grow by 13.3% says an analysis by GlobalData's E-Commerce Analytics report. GlobalData is a data and analytics company. Innovation in e-commerce services, increasing consumer confidence and improving e-commerce activities in rural areas will drive the Chinese market. The market is expected to grow at a compound annual growth rate (CAGR) of 13.3%.
Ravi Sharma, Senior Analyst at GlobalData, suggested, “ Rising consumer preference of online shopping, the proliferation of alternative payment solutions. In addition, online shopping events such as Singles Day offering lucrative discounts and improved logistic infrastructure supports e-commerce sales. ”
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