Wednesday, March 25, 2020

As Coronavirus Pushes Shoppers Online, Retailers Without E-Commerce Are Now Paying The Price

No one knows what will happen next with the coronavirus crisis, but when it comes to how Americans are shopping, there is one thing of total and utmost certainty: Online retailing will gain market share and become much more popular.

That irrefutable outcome of the pandemic will make retailers that have never truly developed e-commerce capabilities—or, worse, walked away from the channel—do a 180-degree turn and put a massive push behind getting their online operations into competitive shape.

Publisher: Forbes
Date: 2020-03-24
Author: Warren Shoulberg
Twitter: @forbes
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Were you following this:

lockdown impact on ecommerce | Watch: 21-day lockdown in India has impacted the e-Commerce

Despite the Govt's assurance, e-commerce companies have suspended operations, after several of their employees were either targetted or stopped from delivering essentials. Details by Times Now's Kangana. | #StayHomeIndia

Publisher: The Economic Times
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Amid Lockdown, Police Harass Ecommerce Operations, Delivery Partners

Grofers faced a delay in 60K orders on Sunday due to restrictions being enforced by state governments

Amid coronavirus pandemic which has led to lockdown in several Indian states, there have been numerous cases erupting about police harassing delivery executives despite the Indian government asking states to classify ecommerce as essential service amid prohibitory orders.

Social media posts have brought to light several ecommerce companies highlighting that their delivery executives have been stopped multiple times by police personnel on the ground.

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Publisher: Inc42 Media
Date: 2020-03-24T09:17:47 00:00
Twitter: @inc42
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Have issued passes, e-commerce websites' delivery agents will be helped: Delhi Police

Country's online delivery firms have had to halt services as a 21-day nationwide lockdown began to fight the spread of the coronavirus pandemic. 'We have set up a platform for e-commerce websites where they can share with us the problems they are facing, so we can solve them,' said Delhi Police

Publisher: _____
Date: 2020-03-25T15:21:36 05:30
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While you're here, how about this:

A Beginner's Guide to Building a Profitable Ecommerce Business

My number one piece of advice to all beginning ecommerce entrepreneurs is to prioritize profitability first. It’s great to have revenue, but if your expenses are continually putting your business into the red zone, it’s time to rethink your business model.

* * *

I’ve run an ecommerce business for over 12 years, and in hindsight, I see that my prioritization of profitability has sustained my business through inevitable low points. There’s a mythical line of thinking that businesses can’t always be profitable from the start, but they can be — even if they’re bootstrapped.

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Publisher: Entrepreneur
Date: 2020-03-24T15:30:00Z
Author: Steve Tan
Twitter: @Entrepreneur
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Coronavirus Spurs a Wave of Suspect Websites Looking to Cash In - The New York Times

A popular technology company that has helped launch thousands of online retail sites has become a favorite tool for fly-by-night businesses looking to cash in on the coronavirus pandemic.

New e-commerce sites that use the company's services are filled with wildly exaggerated claims about virus-fighting products that may not even exist.

Many of the sellers do not actually possess the goods, nor have they verified that the products are legitimate. Often, the sites' operators are middlemen who fulfill customers' orders by buying items on other websites — a kind of digital arbitrage known as "dropshipping." Shopify is attractive to these new businesses because its software can integrate the sites with the distant vendors, mostly in China.

Date: 2020-03-24T14:09:01.000Z
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Despite govt clearance, ecomm cos find it difficult to deliver essentials - The Economic Times
Publisher: The Economic Times
Date: 2020-03-25T08:48:00.000Z
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TransUnion: Social Distancing Predicted To Increase Online Fraud As Ecommerce Purchases Rise

A 23% increase in ecommerce transactions in the week after the World Health Organization declared the outbreak a pandemic — March 11 — compared to the year-ago period shows purchases aggressively moving online. 

The findings from TransUnion’s survey of 1,068 Americans 18 and older also found 22% have been targeted by online fraud related to COVID-19.

The research —  Global E-commerce in 2020  — released Tuesday, analyzes the spike in digital commerce since the U.S. began social distancing because of the COVID-19 outbreak.

Twitter: @mediapost
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