67% : Share of Main Street SMBs that expect to generate more eCommerce sales after the pandemic ends.
26% : Share of consumers who say merchants must accept contactless cards for them to feel comfortable shopping in-store.
Many things are taking place:
Spryker raises $130M at a $500M+ valuation to provide B2Bs with agile e-commerce tools –
Businesses today feel, more than ever, the imperative to have flexible e-commerce strategies in place, able to connect with would-be customers wherever they might be. That market driver has now led to a significant growth round for a startup that is helping the larger of these businesses, including those targeting the B2B market, build out their digital sales operations with more agile, responsive e-commerce solutions.
It plans to use the funding to expand its own technology tools, as well as grow internationally. The company makes revenues in the mid-eight figures (so, around $50 million annually) and some 10% of its revenues currently come from the U.S. The plan will be to grow that business as part of its wider expansion, tackling a market for e-commerce software that is estimated to be worth some $7 billion annually.
Follett Higher Education Group Announces 88% Increase in Ecommerce Sales | Business & Finance
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Allen, Anastasia Marie, born on July 26 at Southern Tennessee Regional Health System to Brandie and Victor Allen. She weighed 6 lbs. 7 oz. and was 17 inches long. She joins a brother, Victor. Grandparents are Torie and Steven Wiseman and Robin Weddington.
Ecommerce in Southeast Asia: crushing complexity, cashing in, and lifting boats - ThePaypers
Southeast Asian ecommerce is worth USD 100 billion today, but that number will triple in size by 2025 . Unsurprisingly, the global pandemic and the resulting lockdown have turbocharged digital payments growth in what was already a rapidly expanding ecommerce market.
A rising tide lifts all boats right? If you are reading this with dollar signs in your eyes, wait one moment. Yes, this is a booming market with rich rewards for entrants – entrants who get things right. Southeast Asia is a diverse area, with consumer behaviour and payment cultures that vary widely from other regions, and even from country to country.
While you're here, how about this:
E-Commerce to Total a Quarter of Global Retail by 2024, GroupM Forecasts - WSJ
Online retail sales are expected to reach new heights in 2020, as the global coronavirus pandemic has forced many homebound consumers to shop online. That is not changing anytime soon.
E-commerce spending is expected to grow by low-double-digit percentages through the next six years even after the end of social distancing measures forced by the pandemic, according to a new forecast from media-buying giant GroupM, part of WPP PLC.
Global retail e-commerce will amount to $3.9 trillion in 2020, or 17% of global retail sales, according to GroupM's report. The figures exclude food and delivery services to ensure consistency across markets, GroupM said.
Fueled By E-Commerce Growth, Industrial Leasing Continues To Soar
Warehouse space was a priority before the coronavirus pandemic put a pall on brick and mortar retailing. With the shift to online shopping and record number of returns anticipated this holiday season, the demand for industrial square footage continues to be robust.
E-commerce purchases, which typically have higher return rates of up to 30%, are partly behind the increase in demand for warehouse space, according to CBRE, which estimated that an additional 400 million square feet will be needed over the next five years simply to process returns.
4 Things to Consider to Successfully Launch an E-Commerce Aggregator Platform
E-commerce is a very simple concept; it refers to the act of buying or selling anything online. This ever-expanding idea has steadily grown both conceptually and monetarily during this millennium. According to the statistics gathering website statista.com; in 2021, over 2.14 billion people worldwide are expected to buy goods and services online. Statistics like these make the prospect of entering into the e-commerce market extremely tantalizing.
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Kickz wisely opines that; “Launching an e-commerce aggregator platform will be a journey and before you begin any journey you need a map to direct you where to go” . Thankfully there are endless resources available online in the form of step by step guides of how to structure and step up your eCommence business. You should also carry out extensive research on your intended product or service that you will offer.
B2B ecommerce platform SOLV helps MSMEs digitise supply chains and grow sustainably
An expert in commercial banking and SME platforms, Jiten Arora is a firm believer in India’s small business ecosystem. He believes that simplifying growth for ambitious entrepreneurs and MSMEs in emerging markets is one of the most pressing challenges that financial institutions can help to tackle.
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As the Indian market moves towards being data-rich, SOLV is plugging into these data sources and building simple and intuitive technology-led commerce and financial services solutions for MSMEs. Jiten believes these can help solve problems across customer onboarding, alternative credit scoring and underwriting, digitising operations, and improving the efficiency of supply chains.
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