Today, nearly 30 years later, it could be argued that a more accurate definition for ecommerce is “commerce conducted everywhere.”
Consider your last few online purchases. Yes, they were facilitated through your phone, laptop, device, or desktop, but where were you physically when you hit the “buy” button?
On a break at work? In bed before turning in? During your morning commute? In a completely unrelated store?
Many things are taking place:
Speed Up Your Slowest Pages with Prefetching | Practical Ecommerce
Improving the speed of your ecommerce site should be a priority for 2020. While performance enhancements can be time-consuming and expensive, there are quick fixes that make a big difference.
Page speed is important, especially since Google Chrome team is planning to embarrass slow loading sites this year as described in November 2019 on its Chromium Blog:
In the future, Chrome may identify sites that typically load fast or slow for users with clear badging. This may take a number of forms and we plan to experiment with different options, to determine which provides the most value to our users.
The Emerging Challenges For E-commerce Startups In 2020
The e-commerce industry is a fast-growing sector with demand going through the roof and more people adopting this stress-free method of shopping. In 2015, the e-commerce retail sales amounted to over $340 billion and by 2019 the total sales are projected to be double that amount. This means more people are getting to know about this industry and so much more are also striving to carve a niche for themselves by opening up online retail stores.
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The big brands are the first and one of the biggest challenges a newcomer will face in this business. Companies such as Walmart, Amazon and eBay, who are giants in the online retail sector will easily knock a start-up off the market. Statistics show that Amazon is doing better as each year passes, surpassing every other online retail store both in sales and popularity.
Why Is Inventory Forecasting Important to Ecommerce Businesses - socPub
Other things to check out:
2020 vision: the future of ecommerce | Fintech | Gigabit Magazine
The last decade truly transformed the way consumers shopped, converting the nation from high street warriors to online advocates.
2020 shows no signs of these technological advances stopping. From shipping solutions, to flexible payment options and more, Jon White, MD at InXpress discusses his e-commerce predictions for the year ahead, and advises how brands can continue to survive and thrive in the digital realm.
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The 2010s saw the rise of free delivery and returns, followed by the introduction of next day delivery; and this trend is set to continue into 2020 and beyond.
Can Amazon, the ecommerce giant, advance once more next year?
From its humble beginning as a bookseller to the renowned international technology giant that it is today, Amazon has weathered a global financial crisis and managed to briefly become only the second company to pass a market cap of $1 trillion, in 2018.
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Still, many remain optimistic on the stock including 45 analysts who have set a median target of $2180, with a high estimate of $2573 and a low estimate of $1850 over the next 12 months, as reported by CNN Business. Looking at the median estimate alone, this suggests that the stock price could potentially climb about 18% next year. Amazon traded between $1705 and $1901 from August to December, after breaching the psychologically-important $2000 level in July.
India-based Reliance Retail launches ecommerce platform - ThePaypers
Reliance Retail, a subsidiary of Reliance Industries, has launched JioMart in the Navi Mumbai, Thane, and Kalyan regions, offering free, express delivery on over 50,000 grocery products, Charged reports.
Reliance’s new ecommerce platform pilot is inviting customers to sign up for home grocery delivery, with a view to rolling this out across India in the near future.
The Key to Preparing for E-Commerce Fraud in 2020
With online fraud transactions forecast to reach $25.6 billion in 2020 , retailers need to heavily prioritize fraud prevention in the first half of this year. This begins with understanding vulnerable areas and how to combat fraud while protecting profitability and customer satisfaction.
EMV chip cards achieved their intended purpose: they effectively reduced card-present (CP) fraud for in-store retail sales by 80 percent between 2015 and 2018. However, decreased CP fraud attacks subsequently increased activity in card-not-present (CNP) e-commerce transactions, particularly with e-gift cards.
Happening on Twitter
#Ecommerce trends you can't ignore in 2020: 📌The explosion of social commerce 📌AR and VR experiences in e-commerce… https://t.co/6DCDUjyZCx semrush (from Boston, MA) Fri Jan 03 11:32:01 +0000 2020
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