But retail in 2020 was much more than just Amazon, Walmart and bankruptcy filings. We asked analysts for their takes on the year's biggest trends—here's what stood out to them in a very unconventional year for the retail industry:
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Media company GroupM's first-ever ecommerce forecast noted a "new plateau for newly accelerated future growth."
Jeff Malmad, executive director and lead at Shop+, a unit focused on retail and ecommerce at media agency Mindshare, pointed to internal research that found 62% of Gen X and 44% of Boomers are shopping online more now than before the pandemic.
Other things to check out:
Jobs in shipping and e-commerce are booming, but they're inconveniently located | |
Pedestrians walk down 73rd Street in Bedford Park last month. The village of Bedford Park spearheaded a pilot program, set to launch by year's end, that offers employees a way to plan and book their commutes.
CHICAGO – Home Chef is in the midst of a hiring spree at its Bedford Park, Illinois, plant, where employees prep, package and ship meal kits that have soared in popularity during the pandemic.
But filling those jobs can be a challenge, and not only because it requires toiling in 40-degree temperatures.
Alesha Mart launches e-commerce site | The Daily Star
Alesha Holdings on Friday launched an e-commerce site to get a slice of the rapidly expanding market ensuring customers with faster delivery and quality products.
The aleshamart.com will also provide medicine delivery service, hefty discounts, attractive membership package, cash home delivery of MFS transferred money, convenience of buying grocery products on credit, work scope for the freelancers and a platform for small entrepreneurs to export local products.
Digital India: Tremendous growth!
COVID-19 is undoubtedly driving a significant share of the current e-commerce transactions through digital payments, preparing consumers for a permanent shift. The likely surge in ecommerce and digital payments in 2021 will be consistent across the country. While hygiene was the primary reason for adopting new payment forms, other factors like convenience, ease of use, acceptance, and incentives have given impetus to this adoption.
Rajeev Kumar K. says, "In the past few years, there has been tremendous growth in India's digital payments space as consumers and merchants have experienced the convenience and safety of digital adoption. Let us look at some topline reasons why the e-commerce surge rekindled the digital payments ecosystem:
Not to change the topic here:
Why e-commerce security is needed now more than ever (Includes interview)
Web-service firm pivots to e-commerce | Business | Jamaica Gleaner
Another company has joined the growing list of firms seeking to cash in on the local electronic payment solutions business. Local tech firm Mobile Edge Solutions, MES, has launched what it is touting as a "robust and customisable" online platform, driven by a web application, which aimed at providing faster payouts to Jamaican-dollar bank accounts and encouraging the rapid digital transformation of traditional businesses via e-commerce.
The app is said to be powered by American fintech company Stripe and is said to be part of MES' revised e-commerce offerings in response to new customer demands resulting from the ongoing COVID-19 pandemic. The platform allows business owners to settle payments in a Jamaican-dollar account within a maximum of 72 hours as they conduct sales and collect payments online. This is comparable to the settlement of payments via popular rival global payments service PayPal.
US Holiday Retail Sales Rose 3%, Driven by E-Commerce | BoF
While online sales jumped 49 percent overall from a year ago, sectors including apparel and luxury were among the hardest hit by the pandemic.
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Total retail sales grew 3 percent over the extended 75-day holiday period, versus a forecast of 2.4 percent, according to Mastercard SpendingPulse, which tracks online and in-store retail sales across all payment methods. The number is far better than the 3.5 percent drop recorded during 2008, the last US recession.
China's cross-border e-commerce transactions to top US$3 trillion in 2022 | The Star
Workers sort packages for delivery at a warehouse of China Post Group in Hengyang, in central China's Hunan province on Nov 12, 2020, a day after the end of the Singles' Day shopping festival. - STR / AFP
BEIJING (Xinhua): China's cross-border e-commerce transactions are estimated to reach 20.5 trillion yuan (about US$3.15 trillion) in 2022, according to a report.
The country's cross-border e-commerce sector has expanded rapidly in recent years, with small and medium-sized e-commerce platforms maintaining an annual growth rate of 30 per cent, according to a report from the National Intellectual Property Administration.
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