Amazon bought Whole Foods Market for $13.6 Billion and it has been widely reported. I am not going to rehash what has been put by many publishers. Recode and TechCrunch wrote about the purchase on a Friday that will haunt retail in the US for the next 15-20 years.
Jeff Bezos famously said in 2011, “We are willing to think long-term. We start with the customer and work backwards. And, very importantly, we are willing to be misunderstood for long periods of time.” This is the reason why Amazon can innovate unlike any other company in history.
Continue reading Amazon buys Whole Foods – What does it mean for ecommerce?
A few weeks ago when Jack Ma was in Detroit trying to convince small and medium sized businesses to sell to Chinese customers he said something that was largely under reported. Alibaba is hoping to become an economy instead of being a seen as a marketplace exclusively.
The idea is very simple in that Alibaba will be serving 2 billion people and have Gross Merchandise Value of 1 Trillion going through its marketplaces and have 10 million businesses selling on its various platforms by 2020.
Continue reading Alibaba – An Economy that is Based on China
Cross border ecommerce is a phenomenon that has quietly gained huge momentum as customers purchase products from outside their borders. The last 2 years ecommerce has seen distributed ecommerce (buy buttons on certain social networks – Twitter and Pinterest) and more recently conversational ecommerce has emerged as a contender for the future. Conversational ecommerce is seen as a potential use case for customer service which involves the usage of technology to help with communication. I personally view these as fads where as cross border ecommerce has potential to be the future of ecommerce.
Continue reading Why Cross Border Ecommerce is the Future of Ecommerce
Are Chinese marketplaces showing us the future of logistics? Last week both Alibaba and JD.com announced significant projects that will impact the future of ecommerce in China. Chinese ecommerce is one of the most interesting markets are their are large public companies that generate Billions of Dollars in revenue based on their place in the market. Alibaba, JD.com and VIPShop are all market leaders but in terms of market ownership Alibaba is by far dominant in the ecommerce ecosystem.
Continue reading Are Chinese Marketplaces Showing us the Future?
Marketplaces are a growing phenomenon in ecommerce at the moment but in 2 regions a similar story seems to be happening. “In 2007, only 10% of digital sales went to the 3rd party merchants listed on a marketplace. Steadily, and perhaps stealthily, the figure climbed to 35% in 2016, according to Euromonitor International. Retailers around the world are now reckoning with this new normal in digital commerce.” Marketplace tax collection seems to be coming a political topic and a potential generator of significant tax revenues for the US and UK governments.
Continue reading Do Ecommerce Marketplaces Have Tax Problems?
European ecommerce is at a cross roads as new laws regarding payment and geoblocking of products are in the final stages of adoption. Britain’s decision to leave the European Union (Brexit) in 2 years time is going to also change the European ecommerce ecosystem. British based business are able to use ecommerce as a channel will also definitely change as well.
Currently – for the next 2 years there will be discussion and changes to policy and legislation for ecommerce in Europe. The status quo remains intact until the European Union and the UK Government agree on their separation.
Continue reading The Impact of Brexit on UK Ecommerce