While the COVID-19 pandemic has devastated the global economy, eCommerce has proven surprisingly resilient . As brick-and-mortar shops close, many people turn online to purchase, putting eCommerce in a promising boom.
If you're thinking of starting an eCommerce business in these times, technology can be a significant boon for you. We've rounded up 10 of the best budget-friendly tools to help you get your business off the ground.
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Key Insights: Retail giants closed on Thanksgiving 2020, ecommerce set to see the biggest
It’s already September, congratulations on making it this far! We have kept a real-time eye on the market movement to help businesses pivot, survive, and even thrive in the face of the pandemic. The golden hours for customer acquisition are chiming with Thanksgiving 2020 and the much-more-talked-about holiday season. This week’s key insights aim to help you “channelize” and “mobilize” these opportunities.
Fresh data from mobile market data and analytics platform, App Annie shows that unemployment rates in the US are currently 2X higher than pre-COVID-19 times. American households will have way lesser liquid cash and higher price sensitivity.
3 Ways to Make the Most of the Rise in eCommerce Activity via Your Social Media Presence | Social
According to an April 2020 study on COVID-19's impact on consumer behavior, carried out by Accenture , people are rethinking the way they shop.
The lockdowns have changed approaches to eCommerce and online browsing, and as more and more consumers also look to buy more cost-effectively, due to restraints caused by broader market impacts, even more people are becoming conscious of peer reviews about products before they buy.
Digital Leapfrogging: Will Your Ecommerce Business Get Jumped?
The retail landscape demands bold decision-making to keep pace with the rapid digital transformation that is taking place before our very eyes.
Late adopters to ecommerce are coming to market and a larger number of customers are engaging with different products and services for the first time. With a third of global consumers shopping more online now, and a quarter saying they plan to, the habit will prove hard to break. The potential for wallet capture also creates an opportunity for brands with disruptive models, and large marketplaces could all thrive.
Many things are taking place:
Data Collection: The Next Frontier of Ecommerce Insights — MarTech Series
To say that the current market reality has pushed us all into uncharted territory would be an understatement. With online retailers being at the forefront of the market shift, it's no surprise that the entire sector has been forced to adapt to new volumes of purchasing and demand, not to mention new consumer demographics.
Many e-commerce organizations needing to readjust their plans for the near future are finding themselves working alongside market conditions predicted for 10 years from now.
Best Time to launch readymade eCommerce Mobile App for online stores - WhaTech
"Mobile apps are dominating the eCommerce world". We all have come up with this statement for the past few years. But the reality is slightly different these days. Now, the eCommerce mobile apps have taken over the desktop websites for online shopping. People love shopping apps and hence having a pair of shopping mobile apps for online stores will be a game-changer.
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All the eCommerce store owners out there who are somewhere looking for a branded and featured mobile app solution, here is the list of readymade solutions. Check out them and choose the options suiting for your need: All the eCommerce store owners out there who are somewhere looking for a branded and featured mobile app solution, here is the list of readymade solutions.
E-commerce explodes: 45% growth in Q2
Years of economic growth have been wiped out by COVID-19. However, the story for e-commerce has been the opposite: an acceleration of growth that otherwise might have taken years.
Approaching 20% of retail. The U.S. Commerce Department reported new retail sales data (. pdf ) earlier this week. It shows a huge spike in second-quarter e-commerce spending as a percentage of total retail, growing from 11.8% in Q1 to 16.1% in Q2.
Some analysts and outlets exclude categories such as restaurants, bars, automobile dealers and gas stations to tell a stronger growth story. Using that formula, which is a bit of a cheat, e-commerce is now closer to 21%.
Walmart: Moving Towards Profitability In ECommerce (NYSE:WMT) | Seeking Alpha
Hence, the strategy behind the decision to acquire TikTok is improvement of the product mix through a better consumer engagement model.
In this respect, the retailer has partnered with Microsoft for the acquisition but the challenges should also be considered.
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Walmart ( WMT ), the world's largest retailer on a per-revenue basis, recently made a bid together with Microsoft ( MSFT ) to acquire TikTok, an online video sharing company.
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