An emphasis on expanding services for SMBs, which was announced in 2019 and really took off in Q4 2020, is paying off. Tomé told analysts that "SMBs value the new capabilities we are providing" with international SMB average daily volume up nearly 4% as well.
In spite of well-known supply chain challenges, the largest parcel delivery company is having a solid year thanks to consumers' undiminished desire to have goods arrive at their doors.
5 Trends Shaping the Future of eCommerce
By 2025, it's expected to reach $4.2 trillion in revenue. But the fast-growing eCommerce market is evolving just as quickly as it's expanding. And because of rapid innovation in this space, tomorrow's eCommerce landscape could look vastly different from today's.
GXO and Saks Debut D2C eCommerce Platform | PYMNTS.com
GXO Logistics, Inc. and Saks on Tuesday (Oct. 26) announced the GXO eFulfillment center in Middletown, Pennsylvania, has begun shipping Saks' luxury fashion apparel and goods directly to customers across the U.S. through shared space distribution network GXO Direct.
UK Start-Up Storfund Lands £300M ($410M) eCommerce Financing Deal | Business |
Ecommerce is growing at blistering pace, hitting £3 trillion worldwide in 2020 1. But despite its size, fast growth and the potential value of the sector to financial services firms, ecommerce has simply developed too quickly for banking technology to keep pace.
Key Findings from the 2021 Distributor 300 B2B Ecommerce Report | Digital Commerce 360
Sendbox on D2C eCommerce OS for African SMBs | PYMNTS.com
The Nigerian entrepreneur got his start at a fashion marketplace where he gained key insight into the difficulties surrounding fulfillment and how it stood in the way of scaling operations.
In trying to fix the problem for that marketplace, the idea for Sendbox was born, creating an eCommerce fulfillment platform that offers affordable local and international deliveries for small-scale merchants.
Payoneer, Coupang Team On South Korea eCommerce | PYMNTS.com
Payoneer, a commerce technology company working in payments and growth, is partnering with Asia-based eCommerce company Coupang to provide more opportunities to sell in South Korea, a press release said.
Announced Monday (Oct. 25), the collaboration will leverage Payoneer's tech and expertise with Coupang's payments capabilities, giving Coupang sellers access to better payments for cross-border business.
Reducing Merchant Integration Challenges | PYMNTS.com
eCommerce has become many customers' new normal when it comes to shopping, with the online shopping market hitting $10 trillion in value last year amid social distancing and stay-at-home orders that slowed brick-and-mortar retail to a crawl.
New Shopping Cart Monitor Detects Digital Ecommerce Skimming Attacks
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This new technology has the potential to save online retailers a significant amount of money and frustration since organizations can be held liable for damages—damages that can cost retailers hundreds of millions of dollars every year.
Aaron Willis (SecurityMetrics Forensic Analyst, CISSP) explains, "Attackers are as innovative a breed of criminal as they come. Shopping Cart Monitor is important because it helps us stay in front of those attackers.
Report: Australian ecommerce hits record-breaking heights - CMO Australia
The latest GlobalData report into the state of the country's ecommerce market shows Covid-19 accelerated ecommerce spending by 16.8 per cent to US$41.2 billion ($53.5bn) in 2020, then by an estimated 13.4 per cent in 2021, bringing it to US$46.7 billion ($60.6bn) in 2021.
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