Even before the pandemic hit, the B2B eCommerce landscape was heating up as businesses sought greater efficiency. As the trend proliferated, it opened up new opportunities for businesses to migrate their payment workflows online, too.
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The B2B eCommerce space saw some of the biggest investments of the year for B2B FinTechs, a testament to investors' confidence in the evolution of the market. Only days ago, startup Spryker secured $130 million for its B2B eCommerce technology, while Mirakl landed $300 million in September, pumping the firm's valuation up to $1.5 billion.
Quite a lot has been going on:
E-commerce effects on containerboard and recycling - Recycling Today
The presence of e-commerce had been growing in recent years, and its presence boomed this year due in part to the COVID-19 pandemic.
"I think everyone is seeing significant growth in e-commerce, with people avoiding face-to-face interactions right now," says Kevin Hudson, senior vice president of Forest Resources and Recycle Fiber at Atlanta-based WestRock .
Prior to the pandemic, Hudson says e-commerce had been growing but not too rapidly. He says it seemed as if some people were still hesitant to order online. However, he says, the pandemic has forced some of those people to begin ordering online.
Why E-commerce Protection ‘Flips the Script’ in Retail – WWD
Ecommerce dominated holiday shopping this year - Business Insider - Business Insider
US ecommerce sales grew 47.2% annually between November 1 and December 24, according to recent Mastercard SpendingPulse data cited by The Wall Street Journal. Key categories that helped boost sales in the period were furniture and home improvement, which saw sales growth of 16.2% and 14.1% year over year (YoY) between October 11 and December 24, respectively.
Overall retail sales only grew 2.4% annually between November 1 and December 24, likely hampered by declines in foot traffic as consumers steered away from in-store shopping amid the coronavirus pandemic: In the seven days leading up to December 24, foot traffic was down 31.3% compared with 2019.
Not to change the topic here:
Hiring Is Biggest Problem For Ecommerce Brands: Cluster Analysis 12/30/2020
Hiring people to handle the online shopping search is the main challenge facing ecommerce brands, judging by E-Commerce In The USA, a study released last week by Talkwalker.
Talkwalker analyzed conversation clusters in social media channels, forums and blogs and identified these issues, based on their frequency:
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Talkwalker also conducted positive sentiment analysis regarding leading brands, identifying the following:
The great mall of China - Why retailers everywhere should look to China | Leaders | The Economist
O VER THE past ten months most people in the rich world have participated in the biggest shopping revolution in the West since malls and supermarkets conquered suburbia 50 years ago. The pandemic has led to a surge in online spending, speeding up the shift from physical stores by half a decade or so. Forget the chimney; Christmas gifts in 2020 came flying through the letterbox or were dumped on the doorstep.
Yet as we explain this week (see article ) it is in China, not the West, where the future of e-commerce is being staked out. Its market is far bigger and more creative, with tech firms blending e-commerce, social media and razzmatazz to become online-shopping emporia for 850m digital consumers.
2020 Top 25: Our Most Popular Posts of the Year | Practical Ecommerce
“Coronavirus Disrupting the Global Economy, Including Ecommerce,” Marcia’s piece, made our annual top 25 list — articles published during the year with the most page views. It was the first of dozens of Covid-related stories.
Eric Bandholz, the founder of Beardbrand and the talented host of “Ecommerce Conversations,” our podcast, interviewed in February an enterprising merchant in Vancouver who sold watches and related items. The text version of that interview, “Canada-based Entrepreneur Scales to 15 Websites, 30 Remote Employees,” became the most-read article.
E-Commerce and the Economy: MDM's Top Blogs of December
With buyers moving online at a rapid pace, it's no wonder that the topic of e-commerce dominated MDM's most-read blogs in December. Three of the top five blogs last month involved e-commerce and digital, while the tenuous economic situation and plumbing distributor Ferguson's 2021 forecast also grabbed readers' attention.
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In the words of a manufacturer that were echoed at a recent industry advisory council meeting, "COVID-19 has accelerated manufacturer and distributor e-commerce initiatives by three years."
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