IMRG says that the good forth fourth quarter wasn’t enough to save ecommerce in the … According to online shopping statistics by year, the growth rates for 2019, 2020, and 202… Retailers must maintain and provide images and videos, catalog descriptions, names, category-specific metadata (e.g., nutrition information for food products), stock availability, product matrices (e.g., size ranges), company/brand logos, product ratings and reviews, pricing, and promotions information for all physical SKUs. When Lancôme rebuilt its mobile site as a PWA, conversions went up 17% and mobile sessions increased 51%. Load 2 to 10 times faster than mobile sites, Can be added to a home screen without ever requiring updating. They disclose their environmental footprint in terms of water, carbon dioxide, and waste, covering everything from growing the raw materials, dyeing, manufacturing, packaging, shipping, and even garment care. 1. This addresses brand manufacturers’ challenge where limited space on packaging can make it impossible to display all relevant product information – all the while providing an opportunity do create a direct brand-to-consumer relationship. A multi-channel presence means email, social media, push notifications, SMS, chatbots, and in-app messages available 24/7/365. So powerful that B2B companies that have a blog report 67% more leads that those who do not.…, As far as social media marketing networks and product promotions go, Instagram has became a real powerhouse with over 1 billion active monthly users! Ecommerce sales have been growing constantly and for good reason. For retailers looking to add marketplace capabilities, solutions like Mirakl connect to existing eCommerce ecosystems and make it possible to quickly deploy marketplaces. Online shopping is one of the most popular online activities. The notion that eCommerce is a distinct store or activity is disappearing; digital and in-person are now intricately linked, creating the symbiotic commercial ecosystem we call omnichannel – or, quite simply, business. Watch our story to learn more about how these recycled straps are made. Returns hit $400 billion in 2017 (the equivalent of roughly 1 month of all U.S. retail sales), up 53% since 2015. Word of mouth, site and social fuel their growth. From double digits in 2017-2019 — 13.6% and 10.8% respectively — footwear is expected to grow a mere 6.6% in 2022. As a user, would you rather browse through photos or have a virtual tour of the store first before you buy? It’s…, Your email address will not be published. With the rise of Millennials as the number one audience that uses technology for almost every type of purchase online. Last year, we Australians spent a total of A$28.6 billion (US$20.3 billion) on online shopping. For distributors or sellers looking to diversify their sales channels by adding multiple marketplaces, ChannelAdvisor is a SKU syndication tool that connects products, product content and pricing to multiple channels; ChannelAdvisor connects to over 100 marketplaces worldwide. The system can override the store’s return policy and refuse to refund a purchase. With $104.04 billion USD revenue in the past year, and excellent logistics infrastructure (5th globally), the Japanese eCommerce market represents a great opportunity for foreign brands. The solution integrates with several eCommerce and accounting platforms (including Magento, Shopify, Amazon, eBay and more). November showed a great performance with online sales increasing by 16.4 percent... ‘A discouraging growth rate’. Return rates from eCommerce sales are 2 to 4 times greater than in brick-and-mortar retail, and customer expectations of generous return policies is bringing retailers to an expensive tipping point. This is also aligned with social media trends, because word-of-mouth and communication are vital in B2B, and social media marketing is one of the best ways to market your ecommerce business online. Please confirm that you would like to receive newsletters by email from DevriX: You can unsubscribe at any time by clicking the link in the footer of our emails. Brick-and-mortar retail will account for 89.3% of total US retail spending in 2019, while driving 55% of retail growth. That’s the highest annual U.S. ecommerce growth in at least two decades. Bottom line, everyone prefers real-life shopping experience, which is why using virtual showrooms can save shopper’s time and strength that they usually spend when they go shopping in the mall. From sustainability to excessive packaging, consumers are rewarding merchants who resonate with their value system. Anyone with the latest mobile phone can now use their camera to detect QR codes and dig into product descriptions, pricing and other related product information. 10% of holiday sales are returned. Let’s start with a statistic that showcases global eCommerce growth projections: It’s anticipated that global retail eCommerce sales will grow from $1.3 trillion in 2014 to $4.9 trillion in 2021, representing a nearly threefold growth . No matter which 2019 ecommerce trend you choose to pursue, do so with the intent of providing a seamless and engaging shopping experience for your customers. Top 10 e-commerce sites in Singapore 2019 With well-developed infrastructures and a high income, digitally-savvy population, Singapore is a very mature market for e-commerce. Activist Consumers: the rise of ethical eCommerce, 3. 2019 Will Transform the Future of Ecommerce as We Know It. Oct 15, 2019 7 Things You Need to Know About eCommerce in Qatar Qatar’s Ministry of Transport and Communications (MOTC) recently conducted a survey to gain insights key trends related to eCommerce … Right of the bat, Steve Madden attempts to win over first-time subscribers/customers with a special giveaway for the exchange of their email addresses. 4 minutes well-invested. The 16-24 age group overtook the EU average level, surpassing the level of the 25-54 year age group in 2019. After China and the US, the country with the third-largest ecommerce market size is the United Kingdom. – Katherine Neebe, Director of Sustainability at Walmart, Activist Consumers: the rise of ethical eCommerce, Sales Taxes: The Tax-Free Party is Over for Consumers and Merchants, Mobile Faster As PWAs Blur Lines Between Sites and Apps, Retailers Will Hire Their First AI Employee, Sales Tax OR : Shopping online no longer provides deals, Bigger, Wider, Deeper (selection) – retailers are becoming marketplaces, Retailers will hire their first AI employee. Sales Taxes: The Tax-Free Party is Over for Consumers and Merchants, 04. The world’s largest 18 marketplaces sell over $1 trillion worth of goods every year. ECOM20/20 AFRICA. According to a study from DynamicField, only 12% of customers are happy with their mobile shopping experience, which means that this trend has a lot more space for improvement. Users will see a prompt on screen once their device recognizes a QR code (which generally takes less than a second), with an option to click a link, which takes the user to the desired location. Google Express, though not a social platform, consolidates merchants into a single cart for consumers, centralizing the purchasing experience, including in-store pickup – without ever being a merchant. Read on for a breakdown of most important findings in the report, with a focus on Europe, China and the US’ e-commerce markets. The Ecommerce Foundation has published the 2019 edition its annual Global Ecommerce Report. Some estimates suggest that once commerce is integrated into the car, as many as 83% of ALL commuters would engage in in-car commerce. Fueled by mobile, which saw sales increase 55% in a year, eCommerce in North America grew by 16% in 2018 to over $500 billion. GLOBAL ECOMMERCE MARKET RANKING 2019 - 7 SPOTLIGHT ON: JAPAN Fourth in this year’s ranking is Japan, one of the biggest eCommerce markets in Asia. A mobile-first thinking is much more than just an improvement of your online store. Generous return policies have long been used to increase conversions by reducing consumer uncertainty. The normal buyer doesn’t want to go through several confirmation pages to get to the checkout page. Shopify acquired Return Magic in order to develop a native capacity to manage and optimize returns. Product information (images, descriptions, specifications, attributes, etc.) Product Content Syndication : A Higher Standard. Online’s share of total retail sales has steadily been on the rise—with ecommerce penetration hitting 21.3% in 2020, Digital Commerce 360 estimates. This means that when the modern audience analyzes a company, they go for reviews online and testimonials from the previous client. – without product information, digital consumers can not discover, research, compare or make an informed purchase decision. Absolunet helps North-American manufacturers, distributors and merchants bridge the gap between how they sell and what customers expect in the digital economy. According to the report, global B2C e-commerce sales in 2019 are expected to total more than 2 trillion US dollars. Several global and regional websites are fighting tooth and nail for market share, with some local players using their weight in Singapore as a foothold to expand abroad. E-commerce picked up over the 2010-2020 period among all age groups, with individuals aged 16-24 showing the biggest increase (29 percentage points). From voice search to GPS and music/podcast apps, in-car eCommerce will become one of the main drivers of local traffic as consumer adoption, contextual advertising and driver-friendly interfaces make “auto-mobile-conversion” work. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Syndication provides consistency across channels and gives buyers and consumers the most complete and relevant shopping/buying experience. Only a decade ago, B2B websites wouldn’t move a step forward from contact forms and sales questions. The global B2B eCommerce market valuing US$12.2 trillion in 2019 is over 6 times that of the B2C market. Canadian bookseller Indigo offers a 10% discount when orders are bought online, picked up in store (BOPUS), an incentive that should not only reduce returns but also increase complementary “while I’m here” sales. Back before the ASEAN Digital … Consumer awareness of the environmental and ethical footprint of their purchases is on the rise, including digital purchases and the “real or hidden” impacts and cost of eCommerce – and consumerism in general. This means that the number of B2B platforms like Alibaba and drop shipping businesses that provide online shopping experience will be increased and the buying experience will become almost as functional as in the B2C segment. For information about our privacy practices, please review DevriX Privacy and Cookie Policy. In 2019, Statista estimated that by the end of 2021, 73% of ecommerce sales will take place on a mobile device. Instagram is rumored to be working on a fully-shoppable app and has introduced shopping features on its main platform, providing an image, product description and price information – along with a direct link to the merchant’s website where they can finalize the purchase (instead of search, browse, add to cart, checkout). Future of eCommerce in ASEAN – 2019 to 2025 Size of the ASEAN eCommerce Market. Geolocalization technologies (GPS, Google maps and Waze, for example) helps advertisers understand where users are going, and where they go most often, much like SEO helps advertisers understand what consumers look for and social media reveals what they “like”. Mobile Faster As PWAs Blur Lines Between Sites and Apps, 06. Here are the top 10 ecommerce trends for 2021 that you need to look out for. Ikea famously launched their AR Catalogue App where buyers can see how certain pieces of furniture will fit in their homes. No matter the year, and no matter the trend, it’s about creating relationships, and providing value for the money, all the way from shopping malls to online stores. If you happen to live in Australia, through Shipster, you can have your products from over 60 online retailers delivered to your home for up to $19 a year! “It’s a site, it’s an app – no, it’s both.” PWAs are changing how eCommerce and mobile coexist. Merchants, both B2C and B2B, will have to determine which tax applies to which clients, regions, products and more, and then to calculate and charge state-specific (and product/price specific) sales tax on their online sales, and remit those taxes to a multitude of states and agencies … on time. The pandemic sped up changes across several verticals, and that acceleration is expected to continue in some capacity as we move into 2021 and beyond. America’s biggest retailer (and the world’s largest grocer) set out, nearly 15 years ago, to become a leader in sustainability, throughout the value chain, including a Sustainable Packaging Playbook – A guidebook for suppliers to improve packaging sustainability for its suppliers. 2019 will see a multitude of retail initiatives to deter returns, ranging from more complex or conditional return policies to incentives to pick up items in store, in order the curb the unsustainable pace at which returns are growing. Providing flawless mobile shopping experience means that as long as people use smartphones, they can shop no matter where they are. eCommerce will soon account for 15% of all specialty retail sales in North America (in China, eCommerce is 23% of all retail) and digital influences nearly 60% of all retail sales. Did they really need to use such a big box? 3. The abandonment rate of shopping cards has increased to 77%, with 28% of the consumers saying that the checkout process is way too complicated for them. Catch went from 25,000 SKUs in their warehouse to over 1,000,000 SKUs online. As of Q1 2019, 2.72 Percent of E-Commerce Website Visits Converted into Purchases (Statista) 7. While retail ecommerce sales have continued to grow every year, the rate of growth itself has registered a slight decrease per year. Sales Taxes: The Tax-Free Party is Over for Consumers and Merchants, 4.Mobile Faster As PWAs Blur Lines Between Sites and Apps, 6.Retailers Will Hire Their First AI Employee, 8.The Amazon-ification of Major Retailers, 5.Sales Tax OR : Shopping online no longer provides deals, 7.Bigger, Wider, Deeper (selection) – retailers are becoming marketplaces, 9.Retailers will hire their first AI employee. Reformation, a D2C sustainable women’s clothing and accessories brand shares “the true cost of fashion—not just the price tag.” in their newsletter, The Sustainability Report. The furniture and home decor brand saw a 15% increase in time spent on site and a 9% lift in revenue per visit. More than 24 million VR devices are used globally today. The possibility for on-site immediate sale will be more present than before in B2B ecommerce sites. 87% of eCommerce shoppers believe social media helps them make a shopping decision, 1 in 4 business owners are selling through Facebook, 40% of merchants use social media to generate sales, 30% of consumers say they would make purchases directly through social media platforms. And when compared to the B2C (business-to-consumer) eCommerce industry, B2B eCommerce is projected to be two times higher than B2C by 2020. With a multi-channel approach, you’ll be able to notify your customers about your latest deals and message them about every stage of the shopping experience. eCommerce Growth Statistics to Help You Plan for 2019 1. Allowing the option for consumers to buy, purchase, and bid on new and used goods, eBay reached a gross merchandise volume of $90.21 billion in 2019. eBay’s stock has flattened after reaching its all-time high price in July of 2020. With AI and Machine Learning technology, chatbots will become more powerful than ever in 2019. But eCommerce growth, free shipping and free returns have created a dangerous side-effect: the cost of managing returns. Google thus capitalizes on its ecosystem which involves search, ads, maps, reviews and payment. In the months following “South Dakota vs. Wayfair”, more than half of states in the US have enacted an online sales tax or will do so in 2019. 24 million VR devices are used globally today, eBay Australia have already launched their first Virtual Stores, the number one audience that uses technology, One of the constant turn-offs in ecommerce, on more than two channels raised their engagement level, tagging up to 5 shopping items for brands, Digital Marketing Trends and Stats to Help You Dominate in 2019 [Infographic], Web Design Trends for 2019: What’s In and What’s Out, The 8 Practical Blogging Trends You Really Need to Follow in 2020, How to Use Instagram to Grow Your eCommerce Sales, 7 Techniques to Boost Brand Authority Through Content Marketing, The Essentials of Writing a Powerful Business Purpose Statement, How to Choose the Best Pricing Strategy for Your Business, 8 Ways to Develop a Closer Relationship with Your B2B Customers, How Google’s Core Web Vitals Will Affect Ranking, Tools and Techniques to Visualize Data Like a Pro.