Future tech is no longer the province of high-end retailers. Innovations in 3D and augmented reality (AR) eCommerce are leveling the playing field and bringing conversion-centered visual technology to any online retailer.
This is not 3D printing, although 3D printing will enable instant product design and get closer to customized, real-time commerce. Future visual tech is coming to eCommerce in the form of 3D imaging, AR applications and virtual reality (VR) technology. VR will need a separate device to view and will need a dramatically increased penetration rate to be a real factor. But the other two technologies are up and running and will have a tangible effect on eCommerce metrics.
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How Midway Dental Supply bridged the gap to ecommerce
Failing to deliver the kind of user experience B2B sellers expect can keep a seller's ecommerce business from reaching its full potential. It can also make sellers vulnerable to competitors with websites that deliver the customer-facing experiences and intuitive features buyers want.
Realizing the time had come to replace its ecommerce platform, which was slow and tough to customize, distributor Midway Dental Supply sought to modernize its ecommerce business by connecting its enterprise resource planning system and website. Synchronizing the two systems would eliminate manual data entry from one system to another, allow buyers to see real-time pricing and inventory, and let orders flow from the website to the ERP system.
Software Users Reveal Top Three Vendors in eCommerce Through SoftwareReviews
Oracle Commerce Cloud, Shopify Plus, and IBM Digital Commerce are named the 2020 eCommerce Data Quadrant Award Winners.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200220005641/en/
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The following three most popular vendors have received gold medals from their users for leading the way with a great customer experience:
E-Grocery, Ecommerce Bright Spots In Walmart's Q4
Softer-than-expected holiday sales drove Walmart's Q4 2019 earnings below expectations, but strong ecommerce and e-grocery sales provided buoyancy and optimism for the year ahead.
"In Q4, we saw strong performance in the U.S. with ecommerce and Sam's Club plus strength in Mexico, India and China," Walmart President and CEO Doug McMillon told investors in an analyst call. "We started and finished the quarter with momentum, while sales leading up to Christmas in our U.S. stores were a little softer than expected. The new year has started off well, and we look forward to another strong year."
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Ecommerce Spikes by Most Ever. Brick & Mortar Melts Down.
Ecommerce retail sales jumped 16.4% in the fourth quarter 2019 compared to a year earlier (not seasonally adjusted), to $187 billion, and reached $602 billion for the year, double the amount five years ago, according to the Commerce Department . Ecommerce retail sales in Q4 were $26.4 billion higher than in Q4 a year earlier, the biggest year-over-year dollar-gain in the history of ecommerce, as it continues to gain momentum, instead of losing it:
Japan Takes Aim At Big Tech eCommerce Transparency | PYMNTS.com
Earlier this week, Japan 's cabinet proposed a bill that seeks to, as reported by the country's national daily, The Mainichi , "improve contract transparency" for deals struck by Big Tech firms — specifically, platform operators — and their smaller vendors.
The legislation mandates that Amazon , Google , Apple and others issue annual reports to the government (the Ministry of Economy, Trade and Industry) that detail how terms and conditions, rates and fees, are struck.
Why Ecommerce Brands Should Consider Creating Optimized Post-Click Experiences - Business 2
The eCommerce industry has witnessed rapid growth over the last couple of years, as retail eCommerce sales in 2019 amounted to $3.53 trillion . Despite the increase in sales, however, the average eCommerce conversion rate is only 4.31%.
The conversion rate is bleak, but what's more alarming is the fact that by 2021 the eCommerce growth rate is projected to drop by as much as 5–6%:
Walmart reports lower-than-expected Q4 earnings, despite e-commerce sales growth of 35% –
Walmart’s holiday quarter didn’t perform as expected. That’s the big news today from the retailer’s weak Q4 2019 earnings , which saw revenue of $141.67 billion versus the $142.55 expected and adjusted earnings per share of $1.38 versus the $1.44 expected . The company cited a number of factors, including “softer” than anticipated holiday sales in U.S.
Overall, the earnings point to the challenges for Walmart in a market where more consumers than ever are choosing to shop online. Walmart, meanwhile, still makes the bulk of its money from retail stores, not online, though it’s heavily investing in the latter.
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