Here is a list of product releases and updates for mid-December from companies that offer services to online merchants. There are updates on the return and dispute processes, fulfillment, personalization, contact center services, and merchant banking.
WhatsApp introduces Carts . WhatsApp has introduced Carts to facilitate buying and selling on its platform. With Carts, users can find the items they want and tap "add to cart." Once the cart is complete, users can send it as a message to the business. Carts will make it simpler for businesses to track order inquiries, manage requests from shoppers, and close sales.
And here's another article:
4 Legal Issues E-commerce Businesses Need to Be Aware of Before Launch Day - Legal Reader
The world of online selling is constantly evolving – and so are its laws. Staying abreast of rising issues in the online retail arena can help you make the right moves to protect your eCommerce venture and its reputation.
E-commerce is booming, and it’s here to stay. In the USA, eCommerce grew by over 30 percent , accelerating predicted growth levels by over two years. With online shopping levels at the predicted level for 2022, it is one of the best times to join the online retail revolution. Whether you are a seasoned brick and mortar retailer looking to expand into the eCommerce world or you’re a new entrepreneur planning to launch your first online store, preparation is key.
Taxdoo, the tax compliance platform for cross-border e-commerce, raises $21M Series A –
Taxdoo , a startup that has built what it calls an “automated platform for financial compliance” aimed at cross-border e-commerce companies, has raised $21 million in new funding.
The inclusion of Harry Stebbings' 20VC is noteworthy, as the podcaster-turned-VC originally said his micro fund was targeting U.S. startups across various stages, and therefore there wasn't any perceived conflict with his role as a partner at European VC Stride. Taxdoo is based out of Hamburg, Germany. "20VC essentially invests largely in the U.S. but can also invest where Stride does not, anywhere in Europe outside of the U.K. and Paris," clarified Stebbings in a WhatsApp message.
5 Ecommerce Trends to Watch In 2021 - Business 2 Community
2020 has propelled ecommerce forward by about 5 years according to experts . With such dramatic change within one industry comes a shift in trends, shopping habits and so much more. We're going to be talking about 5 trends we expect to be at the forefront of more retail and ecommerce businesses.
Buy Now Pay Later (BNPL) has become increasingly popular over the last few years or so and is now being adopted more widely than ever before. With more and more BNPL companies popping up and more online retailers adopting this payment method, we expect this trend to continue into 2021, where it may even become a preferential way to pay.
And here's another article:
Latin America will be the fastest-growing retail ecommerce market this year - Insider
The pandemic has had a profound impact on Latin America's retail industry. Mandated stay-at-home orders in several countries forced retailers to close physical stores, wreaking havoc on many companies' bottom lines.
Still, retailers' and consumers' warm embrace of ecommerce has been a silver lining. Retail ecommerce sales will grow 36.7% this year to $84.95 billion, nearly three times more than the 12.5% growth we estimated in our Q4 2019 forecast—and almost double the 19.4% growth in our May 2020 update.
The luxury market is transitioning to ecommerce -- and China is leading the pack
Despite its reputation for counterfeits (e.g., "Dolce & Banana ," " Abibas shoes"), China is a critical player in luxury goods.
According to Bain & Company , the Middle Kingdom accounted for 33% of the $300B+ of the global luxury market in 2018.
Ecommerce now makes up 23% of all luxury goods sales — nearly double last year's figure — and China is leading the way.
Partnerships can keep the ecommerce boom going
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.
Charts: Shopify's Share of Global Websites, Ecommerce Sales | Practical Ecommerce
Shopify launched in 2004 in Ottawa, Canada when its founders were dissatisfied with existing platforms to sell their snowboarding gear. Fast forward to 2020, and Shopify is a global brand. Total 2020 revenue will exceed $2 billion. Its common shares trade at roughly $1,000 each. More than 1 million merchants in 175 countries sell on the platform.
Roughly 39 percent of global websites in Dec. 2020 use no content management system. Another 39 percent of global sites use WordPress. Next is Shopify at 3.2 percent. This makes Shopify the largest ecommerce-only platform, representing 3.2 percent of all global websites in Dec. 2020, up from 1.9 percent in January.
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