Shippo , a platform that makes it easier for ecommerce companies to integrate shipping into their services, has raised $30 million in a series C round of funding led by D1 Capital Partners, with participation from Union Square Ventures, Bessemer Venture Partners, Uncork Capital, and Version One.
Founded in 2013, San Francisco-based Shippo gives online sellers access to various shipping tools, including the ability to automatically generate shipping labels for all the major carriers, including UPS, FedEx, DHL, and USPS, with the added ability to compare rates across all the delivery providers. The integration also allows sellers to schedule pickups and returns, validate addresses, and offer post-purchase tracking so their own customers can see where their items are on their journey.
While you're here, how about this:
Martech Firms Come Together to Track COVID-19's Impact on eCommerce
The tool, which helps assess the impact of Covid-19 on consumer confidence, draws on activity from more than a billion engagements and 400 million transactions in 120 countries, providing a global and regional picture of eCommerce activity and trends.
Hartman also added: "It's for this reason that we're also calling upon any businesses that could help shine a light on the impact of coronavirus and inform future predictions for ecommerce. If you're a data-driven business who is open to collaboration, please do get in touch to help improve and expand the ccinsight project."
COVID-19 Crisis Drives Changes in eCommerce Purchasing Behaviors, ACI Worldwide Research Reveals
However, fraud is on the increase too, the research shows, as fraudsters are using the surge in online activity to target unsuspecting consumers and merchants. Merchants are starting to experience dramatic increases in COVID-19-related phishing activities, with stolen credentials released into the eCommerce payments chain, as well as increased friendly fraud activities.
"Fraudulent attempts are on the rise, and consumers must be vigilant as fraudsters are using the current situation to obtain and use their financial data and information," continued Guerra.
GoodFirms publishes eCommerce survey -
The company also surveyed 250+ shoppers across the world. The aim of the activity to learn about their psychographics during the purchase cycle. About 54.5% people prefer to shop online via an eCommerce app or the online shopping site.
GoodFirms is a B2B research, ratings and reviews platform. It helps build bridges for the service seekers to make it effortless for them to associate with the best partners.
Other things to check out:
WFH? Here's How to Manage your Ecommerce Order Deliveries Successfully. - Global Trade Magazine
1. Real-time shipment monitoring: The good news is that there is a greater push for shopping online. More and more customers are seeking comfort in the ease of ordering products online. In the US, there has been a surge in the ecommerce order volume for health and beauty products. The real challenge is staying on top of order fulfillment. You need a unified portal that tracks and monitors your packages in real-time.
Shipping Concerns In Nonessential eCommerce | PYMNTS.com
Nonessential retail is highly dependent – in some cases, completely dependent – on eCommerce during the COVID-19 crisis . And eCommerce success is dependent upon shipping. Therein lies a serious problem. Because as anyone who has ordered a nonessential item over the past few weeks can attest, eCommerce shipping has become a guessing game.
To illustrate the point, PYMNTS compared shipping dates on three items, chosen for their nonessential status and the actual purchase patterns of staff members on Thursday (April 2). The first item was a hooded raincoat from Anne Klein. Macy's and Amazon promised delivery by Tuesday (April 7). Anne Klein redirected to Macy's. Net-A-Porter, however, had a message saying its distribution center was closed due to the COVID-19 crisis.
What COVID-19 Means for Your Ecommerce Business - Business 2 Community
With over 200,000 cases of COVID-19 in the US and global cases rapidly approaching 1 million, the novel Coronavirus has had a huge impact on people and businesses worldwide.
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Now that countless states are in quarantine or on lockdown, people are spending more time than ever on the internet. In fact, internet usage has increased by as much as 50% .
On the surface, it might seem like a golden age for ecommerce businesses, but in reality, the situation is much more complex. If you’re in retail, there’s a good chance that you’ve already seen big changes in your customer base.
Scaling your ecommerce startup in the age of Amazon
Essentially, Amazon finds cheap manufacturers to produce goods and matches them with sellers that will brand and sell the products on Amazon's marketplace.
The strategy is to flood the market in a category, leverage the Prime listing, and move on. The products don't cost much, but by selling such large quantities, participating businesses are making millions of dollars .
This is one of the more recent trends in e-commerce that negatively affects businesses who care deeply about their brands, products , and customers .
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