COVID-19 has certainly made an impact on ecommerce over the past couple of weeks now that isolation and social distancing measures have been put in place.
Workers in many infected countries have been asked to work from home, countries including the UK, Italy, and France have been placed under lockdown and schools have been shut down.
Unsurprisingly, many stores have since taken the decision out of consumers’ hands by shutting up shop , forcing traditional consumers to adopt ecommerce as an alternative.
Many things are taking place:
How AI Influences eCommerce Business - Business 2 Community
"I believe that artificial intelligence is going to be our partner. If we misuse it, it will be at risk, if we use it right it can be our partner." – Masayoshi Son, CEO, Softbank
Since Walmart acquired Flipkart for a whopping $20 billion, everyone is rushing to develop an eCommerce platform. The good news is that global eCommerce sales are expected to grow to $6 trillion by 2022.
Artificial Intelligence(AI) is leaving its footprint on every sector. Go anywhere today and you will find the adoption of AI in eCommerce. In fact, according to a recent survey, AI in eCommerce is booming at such a speed that the revenue of AI is expected to reach $36.8 Billion worldwide by 2025.
Map shows how COVID-19 has a major impact on e-commerce - TechRepublic
Emarsys and GoodData's up-to-date interactive map and e-commerce insight tracking shows revenue up 37% and orders up 54%, and demonstrates how people sheltering-at-home are shopping online more.
In this surreal experience of self-isolation across the globe, people are rediscovering long-hidden talents, introducing themselves to crafts, books, music, and movies, and, apparently, they're also shopping online, and spending considerably more than exactly a year prior.
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Walmart Doubles eCommerce Grocery Sales YOY | PYMNTS.com
There's a silver lining for at least one retailer amid the coronavirus pandemic. A new survey found that Walmart Inc., the nation's largest retail store chain, saw its year-over-year online grocery sales explode last month to reach nearly $900 million, nearly twice the amount seen in March of 2019.
Chain Store Age (CSA), a New Jersey-based provider of retail news and analysis, reported that Walmart's March sales were up 21 percent from February. CSA credited the skyrocketing sales to the high demand for products as customers stocked up amid the COVID-19 pandemic.
Kount Unveils eCommerce and Fraud Trend Tracker for Spring 2020
Weekly data tracker will help digital businesses to navigate rapidly changing eCommerce demand, including expanding models for delivery
Kount built the tracker to help digital businesses navigate these times and adjust their approach to better address current customer needs. The data comes from the Identity Trust Global Network, which is comprised of 32 billion interactions annually across 6,500 customers worldwide.
Data Age eCommerce Clients Top $40 Million in Online Sales
Data Age Business Systems, developer of the industry's leading pawn management software PawnMaster, is excited to announce yet another e-commerce milestone. Through the integrated e-commerce tool e4o, PawnMaster users have achieved over 40 million dollars in revenue from items sold online. PawnMaster's e4o product allows users to list inventory items out for sale on multiple online channels, while still offering those items for sale in store
The direct integration of e4o with PawnMaster eliminates the complication of double sales. If an item is sold in-store, PawnMaster will pull it from the shop's inventory and remove all other listings. If an item sells online, the same event occurs, and that item will be pulled from any other channel as well as in-store inventory. The integration also provides a reporting platform with PawnMaster, giving business owners the information they need to operate a successful shop.
March's Biggest Ecommerce Gainers and Decliners During Coronavirus
So what product categories are seeing the biggest gains and the biggest declines in the midst of the coronavirus epidemic? Some gainers are obvious, like everyone's favorite – TP – cold and flu medicine, food and beverage, personal protection items and cleaning/sanitizing products.
To go a little deeper into the coronavirus effect, Stackline compiled a list of the 100 fastest-growing and 100 slowest-growing product categories in ecommerce during March 2020, compared to March 2019. The big gainer was disposable gloves, up 670%, followed by bread machines at 652% and cough/cold at 535%. Surprisingly, hand sanitizer was #12, up 262%, and toilet paper was way down at #24, at +190% – perhaps because neither was anywhere to be found after the first week of March.
Happening on Twitter
This gesture by Prosus will have a positive impact on many lives. It will sharpen our fight against COVID-19. https://t.co/TfUj7D8vKy narendramodi (from India) Fri Apr 10 17:31:06 +0000 2020
The Vice President briefed me today on the work of the Economic Sustainability Committee, which I recently set up,… https://t.co/tfxET6MhLE MBuhari Fri Apr 10 17:59:07 +0000 2020
The @WHO has failed in its response to COVID-19. The United States must act to ensure hard-earned taxpayer dollars… https://t.co/FHKEWqQbAf Rep_Watkins (from Topeka, KS) Fri Apr 10 21:00:00 +0000 2020
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