While it is the only option for many retailers, eCommerce is running into its own limitations under the pressure of the COVID-19 crisis . And as those limits become evident, some strategies to navigate them are also coming to the fore.
The most concerning news about those limitations comes as retailers get a handle on how and why eCommerce orders have spiked since stores started closing at the end of February. Those estimates have varied , and have not delineated between essential and nonessential retail. Listrak has reported a 40 percent jump for eCommerce since the state of emergency was declared on March 12. The increase started in February, with online orders up 108 percent year over year, according to Quantum Metric .
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Rocket Internet sells stake in Africa ecommerce firm Jumia
BERLIN (Reuters) - German tech investor Rocket Internet said on Thursday it had sold its stake in African ecommerce company Jumia, which has seen its shares steadily fall since they listed last April on Wall Street.
Rocket Internet, which had held an 11% stake in Jumia as of Nov. 8, sold its holding between then and the onset of the coronavirus crisis, Bettina Curtze, the firm's head of finance and investments, told journalists, declining to be more precise.
US ecommerce sales rise 25% since beginning of March
Online sales in the U.S. have increased 25% on average for daily sales March 13-15 compared with average daily sales March 1-11, according to Adobe Analytics. The growth is largely due to a boost in online grocery sales, which have increased 100% in daily online sales March 13-15 compared with average daily sales March 1-11.
Adobe Analytics data is based on online sales data from trillions of anonymous visits to retail sites and tens of millions of product SKUs from 80 of the top 100 retailers in the Digital Commerce 360 Top 1000. Data is based on 18 product categories including apparel, electronics, home, grocery, appliance, personal care, office supplies, books, jewelry, furniture and toys, among others.
Global Fashion E-Commerce Market (2019 to 2025) - Analysis by Product Type, End-user, by Region,
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How Is Your Ecommerce Business Adjusting to Coronavirus? Let Us Know
To fight the global coronavirus pandemic, we're all stepping back from large gatherings even if it disrupts our business goals or denies us the ability to catch up with dear friends. Not only have we postponed Ecommerce Operations Summit 2020 but we are brainstorming other ways to do our part and contribute however we can.
If you have a story to tell, we want to share it. If you have a question to ask, we want to help answer it. Consider us a resource, and a friend.
Free Programs from Ecommerce Service Providers to Combat Covid-19 | Practical Ecommerce
With the massive disruption caused by Covid-19, ecommerce service providers are finding ways to help. Here is a list of free programs from service providers to help fight the pandemic. The programs include grants for small businesses, information technology, fulfillment services, storage, start-up financing, assistance for local businesses, and free meditations to relieve anxiety.
eFulfillment Service offers free storage to medical manufacturers . eFulfillment Service announced that it would provide free storage to any producer of medical supplies to help overcome the Covid-19 pandemic. eFulfillment Service serves ecommerce clients worldwide from warehouses in northern Michigan with more than 250,000 square feet of space.
Snapchat Stories Available To Developers; Ecommerce Surges 25% | AdExchanger
Snapchat is finally letting developers integrate its flagship Stories format outside the app. "The social media giant hopes that expanded access to its content and flagship features on other apps will increase its user base – and maybe its bottom line," Axios reports . That said, it's a baby step. The only four launch partners are Triller, Squad, Hily and Octi. The dating app Tinder and Houseparty, a video chat app, are also on the docket for Stories integrations.
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The world is embracing ecommerce at a faster pace since the onset of COVID-19. Overall, ecommerce grew 25% year over year in March, with daily grocery delivery doubling during the period, according to data from Adobe Analytics. Grocery now accounts for 8% of all ecommerce shopping, up from 6% three years ago. But people aren't just relying on delivery. Buy online, pick up in store orders soared 62% between Feb. 24 and March 21, Bloomberg reports .
New Enterprise Singapore initiative to help SMEs break into e-commerce market - CNA
SINGAPORE: Small and medium enterprises (SMEs), who have little or no e-commerce experience, can start selling online through support from a new Enterprise Singapore initiative.
The E-Commerce Booster Package provides both cost and manpower support, Enterprise Singapore said in a news release on Thursday (Apr 2).
"This aims to help retailers change their business model, and diversify their sales channels and revenue streams beyond traditional brick-and-mortar. This is especially relevant amidst the current COVID-19 situation," the agency said.
Happening on Twitter
🚨 The PLCB has reopened its ecommerce store 🚨 HOWEVER, there are limits on how much you can order at once — and on… https://t.co/147VVlFih6 billy_penn (from Philadelphia) Wed Apr 01 20:46:18 +0000 2020
If you need to move your business online, we can help make it easier. Our #ecommerce experts put together a list of… https://t.co/0u5puuW6Z7 UPS (from Atlanta, GA) Thu Apr 02 00:30:00 +0000 2020
Excellent discussion today between Hon'ble CIM @piyushgoyal and the industry about how to get eCommerce back on tra… https://t.co/JC6G2ubFS5 1kunalbahl (from New Delhi, India) Thu Mar 26 16:19:58 +0000 2020
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