While the business-to-consumer (B2C) eCommerce boom has arguably already occurred, the global pandemic is introducing a second wave of digital commerce adoption. Thanks to social distancing and stay-at-home requirements, foot traffic at brick-and-mortar stores remains slumped, leaving businesses to embrace the eCommerce model like never before.
But this isn't a trend reserved for the B2C space anymore. Indeed, business-to-business (B2B) eCommerce is a thriving market that, today, is growing even more quickly as a result of the coronavirus crisis. Estimates from from Frost & Sullivan earlier this year forecast the B2B eCommerce market to hit more than $6.6 trillion worth of sales — significantly more than the estimated $3.2 trillion generated in the business-to-consumer market.
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The Best E-Commerce Marketing Tools for Business - business.com
E-commerce has taken off in popularity in recent years, and that trend isn't going to slow down anytime soon. By 2023, the global e-commerce market is expected to surpass $6.54 trillion , according to research from Statista.
Whether you're thinking about starting an e-commerce business or looking to scale an established business, having the right tools is a necessary first step. Combined with a winning marketing strategy, the right tools can give you a leg up on your competition and help you grow your business faster.
As e-commerce booms, U.S. ports face traffic jams - Marketplace
E-commerce has been booming through the pandemic, and this will be an especially big week for online shopping, with Black Friday coming up. Of course, more e-commerce means more imports. And more imports have led to many of the country's big ports being backed up, with container ships idling offshore as they wait to come into port to be unloaded.
Now, the Federal Maritime Commission says it's launching an investigation into the causes of that congestion.
Finding A New Level For Ecommerce | Seeking Alpha
Lockdowns triggered a huge spike in online sales of every kind, but then the question was where this would stabilise.
In the USA, where lockdowns have been pretty patchy, ecommerce was ~17% of addressable retail at the beginning of the year.
Amazon is having a good lockdown, but so is anyone else who can sell online - lots of habits are being broken right now.
The growth of ecommerce has always fit the old line about a frog in boiling water. Every year ecommerce's share of retail got a little higher, and physical retailers got a little more uncomfortable (and recently have started failing), but the growth in any given year was never dramatic enough to make headlines - just inexorable. That was until 2020, of course - now we've had a reset.
Quite a lot has been going on:
Ghost Kitchens, Changing Cities, and Other E-Commerce Trends to Watch
So, e-commerce is going gangbusters. Its inflection point was so profound that Retail Brew's Halie LeSavage and I (Ryan) had to drop everything and get our Special Delivery guide out the door.
But we didn't cover all the e-commerce-adjacent changes afoot. On Black Friday, the unofficial American paean to buying things, we're taking an even closer look at those changes.
Domino's storied reinvention included different recipes, better marketing, and new tech. The pizza chain developed an app and a Pizza Tracker within said app. It enabled pizza ordering with voice assistants. Domino's also piloted self-driving deliveries and a computer vision-powered overhead pizza inspector .
Tacton offers end to end self serve eCommerce for manufacturers -
Manufacturers are now able to create a product definition on an eCommerce site that includes customisation based on variables such as:
This enables manufacturers of complex equipment can have a digital portal that delivers a consistent experience across their ecosystem. It also means that updates to pricing or component changes are quickly applied in the CPQ and customer eCommerce platform. This makes the buying experience smoother and opens up new opportunities for manufacturers. Importantly through integration with ERP, it means as costs changes pricing could automatically adjust if required.
eCommerce Statistics and Trends 2020 [Infographic] | Social Media Today
eCommerce has seen a massive rise in 2020 - according to some estimates , the COVID-19 pandemic has accelerated the shift away from physical stores to digital shopping by roughly five years.
Of course, over time, more and more people would have been shopping online anyway, but for those businesses that saw this as a far off future, something that doesn't necessarily need to be factored in right away, they're now being forced to re-assess, and analyze their own approach to the eCommerce shift.
1WorldSync to Acquire CNET Content Solutions to Expand and Strengthen E-Commerce Content Creation
CHICAGO , Nov. 23, 2020 /PRNewswire/ -- 1WorldSync™, the leading provider of product content solutions, today announced that it has entered into a definitive agreement to acquire CNET Content Solutions from Red Ventures. The transaction is expected to close in the fourth quarter of 2020.
CNET Content Solutions (CCS) is a leading content-as-a-service provider. It creates product information, rich content, tools, services and analytics to power global e-commerce sites, from small-and-medium businesses to large-scale enterprises. For more than 20 years, CCS has partnered with manufacturers, distributors, retailers, VAR's and marketplaces to aggregate, manage, exchange and syndicate product information.
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