Selling products and services over the internet took on new importance during the COVID-19 pandemic, as business owners and consumers had no choice but to embrace e-commerce. That shift is here to stay, presenting opportunities for small business owners to thrive online. But before you set up your internet shop, you have to understand how it all works.
Editor's note: Looking for e-commerce or shopping cart software for your business? Fill out the questionnaire below to have our vendor partners contact you about your needs.
Many things are taking place:
US Ecommerce Growth Jumps to More than 30%, Accelerating Online Shopping Shift by Nearly 2 Years
The pandemic has accelerated ecommerce growth in the US this year, with online sales reaching a level not previously expected until 2022. In our Q3 US retail forecast, the top 10 retailers by ecommerce sales will tighten their grip on the retail market.
US ecommerce sales will reach $794.50 billion this year, up 32.4% year-over-year. That's a much higher growth rate than the 18.0% predicted in our Q2 forecast, as consumers continue to avoid stores and opt for online shopping amid the pandemic.
Pitney Bowes, turning 100, shifts to ecommerce as its trusted postage meter recedes into the past
Pitney Bowes Inc., known for its postage meter that was a staple in the pre-digital age, turns 100 this year, just in time to prove it knows how to make money in ecommerce.
In the April-June quarter, the Stamford company's shipping-related revenue was $398 million, or 51% of total sales, the first time most of its revenue was not from its mail metering business. The ecommerce business segment, established eight years ago, processed 82 million packages in the quarter.
Looking into the future: how the ecommerce industry will evolve in the years to come
From then on, the sky was the limit. In a relatively short period of time ecommerce took over the retail landscape and it shows no signs of stopping.
We're all slowly but surely turning into avid digital buyers. If you need any statistics to prove just how big the ecommerce industry has become in the past few years, here they are. The data shows that in 2019, retail e-commerce sales worldwide reached almost 3.5 trillion dollars and e-retail revenues are expected to amount to approximately 6.5 trillion dollars by 2022. Studies also reveal that online shopping is amongst the most popular online activities at global scale.
Were you following this:
ClearSale and Big Commerce Prep Ecommerce Small Business - Small Business Trends
Tech in Asia - Connecting Asia's startup ecosystem
Exploring the future of grocery e-commerce | Grocery Dive
Grocery Dive looks at the top trends, strategies and investments that retailers are evaluating to try to stay ahead of consumer demand.
* * *
In just a few months' time, online grocery demand has reached heights many didn't expect for years down the road. Spurred by stay-at-home orders and consumer sentiment ranging from unease to full-blown panic over the coronavirus, e-commerce sales have soared as millions tried these services for the first time. This, in turn, has driven grocers to invest in their platforms, from revamping front-end tools and promotions to building new fulfillment processes like pickup.
Subscribe to read | Financial Times
Happening on Twitter
Thanks to e commerce companies like @amazonIN @Flipkart @YakultIndia @myntra who are believing in women sakshijoshii (from delhi) Sun Oct 11 10:09:30 +0000 2020
LeBron James' Los Angeles Lakers may be celebrating winning the NBA championship – but the ratings for the finals o… https://t.co/x1Wq9R0XDr Reuters (from Around the world) Mon Oct 12 18:08:51 +0000 2020
The eye-popping amount of cash Prime Day could bring in for Amazon https://t.co/GrJfY87WeJ FoxBusiness (from New York, NY) Mon Oct 12 18:28:21 +0000 2020
AirAsia mulai melebarkan sayap bisnisnya ke dunia platform perjalanan, e-commerce dan teknologi keuangan atau finte… https://t.co/6HGzTLr2IG kompascom (from Indonesia) Mon Oct 12 11:41:33 +0000 2020
No comments:
Post a Comment