China's Quiet Ecommerce Giant Thrives on Fresh Produce | WIRED
"Pinduoduo was the first in the agri business. Now everyone wants in," says Ashley Dudarenok, coauthor of New Retail: Born in China Going Global. She says the company's efforts coincided with a government push to reduce poverty in rural areas, and benefit from Chinese consumers who visit local markets once or twice a day to pick produce. "When you buy from a farmer directly, the product is considered super fresh, so they prefer it," she says.
Pinduoduo is available only as a smartphone app and favors browsing more than search. It grew by offering discounts based on group buys that prod users to recruit friends. From the beginning, "agriculture stood out as an industry that was lagging in terms of getting plugged into the digital economy, and we saw many inefficiencies that could be improved with technology," CEO and cofounder Chen Lei says in a written statement.
Charts: 2020 Cross-border Ecommerce Purchases by Country | Practical Ecommerce
Advances in technology and logistics have facilitated the growth of cross-border ecommerce sales. We’ve analyzed data from 2020 for the total retail ecommerce purchases by country versus the amount of cross-border purchases and the percentage of cross-border to the total.
For example, in 2020 U.S. consumers purchased roughly $795 billion in retail goods online. Of those, $270.1 billion were cross-border purchases, representing 34% of the total. Consumers in China, according to our data, purchased just $34 billion in retail goods from other countries in 2020. We caution, however, that obtaining data on Chinese consumer activity is difficult and often unreliable.
Ecommerce Returns, the New Sales Tool - Multichannel Merchant
How can retailers leverage costly ecommerce returns into a sales tool? It’s an interesting question that has emerged as retailers wrestle with an avalanche of ecommerce return expenses in 2020.
According to the National Retail Federation , consumers returned an estimated $428 billion in GMV to retailers last year, approximately 10.6% of total U.S. retail sales in 2020. The NRF survey found that for every $1 billion in sales, the average retailer incurs $106 million in merchandise returns.
saint-L'Oréal Canada beauty ecommerce boom expands distribution
Ecommerce is shaping up to be a central theme of economic recovery in the wake of the COVID-19 pandemic.
"The economic recovery is now well underway, and it is accelerating trends such as e-commerce," confirms Lucie Lecours, the National Assembly of Québec's Minister for the Economy, in her remarks to the press about L'Oréal Canada's expansion.
"To remain competitive in the economy of tomorrow," she says, "companies of all sizes must accelerate their technological transformation. By investing in its infrastructures, L'Oréal Canada is ensuring that it remains successful and is consolidating its presence in Quebec."
MilesTek Introduces New and Improved eCommerce Website Enhancing Customer Experience
IRVINE, Calif. , June 7, 2021 /PRNewswire/ -- MilesTek, an Infinite Electronics brand and a leading manufacturer and supplier of products designed to address military and avionics applications, announced today that they have unveiled a new and improved eCommerce website offering customers the ability to easily find and purchase the products they need.
In addition to these features and resources, the new website offers the following enhancements to save customers time and help them find the right products-fast:
Crypto & eCommerce: Can Cryptocurrency Payments Reduce Chargebacks & More?
Finance? Well, yea, of course, but sports? There is crypto. Art? Crypto is there too. Travel, solar energy and elections? Crypto, crypto, crypto.
Cryptocurrency is playing an increasingly large role in the world of eCommerce merchants. Crypto is not new to e-commerce, certainly; however, now that more investors than ever have crypto to spend, cryptocurrencies are becoming an increasingly large part of the eCommerce economy.
Excessive Transaction Friction Costing European eCommerce €12 Billion; Riskified Report
The report, which has been compiled in partnership with threat intelligence platform IntSights, takes a close look at how PSD2 impacts fraudulent activity and fraud prevention, as well as sharing insights gained from a deep dive into the dark web. This is against a backdrop of Europe rolling out Strong Customer Authentication (SCA) enforcement at speed, with fraudsters attempting to keep up.
With more than a dozen known ways to bypass SCA, the report focuses on the top three methods used by fraudsters to work around the new authentication requirements: malicious accessibility, social engineering, and SIM swapping – clearly indicating that SCA is far from being fraud-proof.
The Definitive Guide to Ecommerce Dead Stock - Business 2 Community
Having a great understanding of dead stock , and knowing what you can do about it, can help you get ahead of your ecommerce competitors. Ecommerce is a dog eat dog world where every penny counts, but our definitive dead stock guide will help you get the results you need.
The first step to taking control of your dead stock situation is to understand exactly what it is. Dead stock is your ecommerce inventory that hasn't found its way into a shopping cart. It will never sell, unless you do something about it (more on that later).
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