It was a shift brought on by necessity. Still, as consumers and merchants grow increasingly comfortable with the convenience of digital marketplaces, ecommerce is becoming a mainstay for businesses of all types and sizes.
Industries that have traditionally relied on physical locations to do business like banking and manufacturing are now exploring ecommerce avenues, while retailers and restaurants are looking to expand their online capabilities. To keep up with the increased demand, service providers for small businesses need to evolve with the times.
In case you are keeping track:
COVID-19 restrictions to boost e-commerce holiday sales – Orange County Register
With COVID-19 cases on the rise and California brick-and-mortar retailers facing stiff restrictions as a result, online buying is expected to get a boost this holiday season. A growing number of consumers have turned to online shopping in recent years, buoyed by deep discounts and the convenience of fast delivery.
BlackFriday.com predicts Cyber Monday e-commerce sales will hit $10 billion this year, up from $9.4 billion in 2019, $7.9 billion in 2018 and $6.59 billion in 2017.
E-Commerce Biz and CEO Charged with Investor Fraud - Infosecurity Magazine
A Silicon Valley startup and its CEO have been charged by the US regulator with defrauding investors.
E-commerce player Benja and co-founder Andrew Chapin told investors that the firm made millions by selling popular clothing brands and retailers. However, the truth is that it never did business with the companies, according to the Securities and Exchange Commission (SEC).
The SEC further alleged that Chapin persuaded associates to impersonate representatives from these brands, as well as those from a major venture capital company that had supposedly made a large investment in the firm.
This business builds D2C ecommerce platforms for SMBs, as well as Haldiram's, Whirlpool, and
In 2012, two years before the ecommerce boom came to India, Pune-based entrepreneurs Mangesh Panditrao and Vivek Phalak hit upon an idea. As business leaders running IT service organisations, their technology bent of mind helped them foresee the ecommerce wave in India — and more specifically — the direct-to-consumer (D2C) approach to selling online.
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The duo looked at how they could use technology to build a platform for offline brands to go online and sell through ecommerce. They came up with a SaaS model for a platform that comprised everything a brand needed to sell online and launched Shoptimize in 2012.
Quite a lot has been going on:
ChannelAdvisor: A Rare Undervalued Ecommerce Company (NYSE:ECOM) | Seeking Alpha
ChannelAdvisor has not really capitalized on the amazing opportunity that the pandemic has provided eCommerce companies.
Revenue growth the past 12 months is 7% compared to other eCommerce stocks that have achieved strong double-digit revenue growth.
ChannelAdvisor is undervalued according to my relative valuation scheme but at this time I remain neutral due to industry headwinds and internal issues that need to be resolved.
Consumers should do their holiday shopping 'now,' says e-commerce logistics expert
Shoppers shouldn't waste any time buying holiday gifts online this year, with shipping companies faced with unprecedented traffic, worker and equipment shortages, and potential delivery delays.
Just as the public health community has been trying to "flatten the curve" in terms of coronavirus spread, retailers have been trying to change customer habits, spreading out shopping so they're not overwhelmed. So far, said Zegras, it's not really working.
"Our research is indicating that no matter how hard they have tried, a lot of the shopping is still in front of us. 66% of consumers are still planning on shopping as they get into Black Friday and Cyber Monday and up until the Christmas holiday," he said. "Flattening the curve has been a bit of a challenge for the industry, who has really taught the consumer to expect these promotional windows, and it is really hard to change that behavior."
Ecommerce shares help boost stock market to record highs
The Dow Jones Industrial Average surpassing 30,000 for the first time Tuesday signaled an impressive stock market rebound from the lows in March when the coronavirus outbreak sent share prices plummeting. And the stock prices of online-only retailers have grown even faster than the market average.
A basket of shares of 10 e-retailers ranked in the 2020 Digital Commerce 360 Top 1000 increased in value by 159% since the beginning of 2020, far outpacing even the 33% gain in the tech-heavy NASDAQ index, and growing far faster than the increases in the broader S&P 500 and Dow indices.
Fast-growing Ecommerce Market Bambuser Launches in Brazil | MarTech Cube
Now Bambuser joins forces with Fhits, the world’s first and largest platform for digital influencers . Behind the company is entrepreneur Alice Ferraz , named by Forbes as one of Brazil’s 20 most powerful women and ranked by Business of Fashion among the world’s most influential people in fashion.
Alice Ferraz , founder and CEO of Fhits said, “ This is a perfect match. We have always wanted to offer 360-degree online shopping: from product presentation to consideration and finally to purchase. Many Brazilian brands already have a lot of influence and an enormous number of followers. Now they will also have the technology to sell. ”
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