What has happened in the ecommerce sector since the start of the year? Below are the top five ecommerce news stories for the first quarter 2022.
1. Holiday Ecommerce Reaches Record High Despite 6 billion Out-of Stock Messages, Adobe reports
Adobe monitors out-of-stock messages on the internet. However, the number of such messages started to rise in the months preceding the 2021 holiday season. It was reported that in 2022 alone, online shoppers in the U.S. spent an unprecedented $204.5 billion. This even though ecommerce businesses were experiencing supply chain disruptions due to the pandemic. It seems that shoppers are more willing than ever to abandon an online store that doesn’t have the product they’re looking for and find it–or a substitute–elsewhere in the interest of time. Forbes has the complete article.
2. How the Metaverse Will Redesign Ecommerce Forever
Although the internet has been buzzing about the metaverse for many years, new technologies have made it more likely. This is something that savvy online businesses should consider taking advantage of. Online retailers are already using aspects of the metaverse in their brands, including Warby Parker’s virtual try on app and Amazon’s AR room decorator AR. Ecommerce businesses will suffer as the metaverse grows, and online and offline commerce will merge. Forbes has the complete article.
3. Made-to-order online shopping is now available, but it’s only one piece of the retail sustainability puzzle.
Ecommerce businesses need to find ways to be “responsible” in order to attract more shoppers who are interested in sustainable consumption. While made-to-order is helping reduce overproduction, other aspects of ecommerce present their own environmental challenges. These include excessive disposable packaging, high shipping costs, and increased emissions due to rapid shipping. Ecommerce businesses can help to promote sustainable practices. Online shoppers must also change how they view and expect to buy products online. Forbes has the complete article.
4. Russia-Ukraine conflict could cause disruptions in global ecommerce
The ecommerce industry has been affected by Russia’s continued invasion and assault on Ukraine, in addition to the humanitarian crisis. Major ecommerce companies like eBay, Visa MasterCard, UPS and FedEx have all stopped operating in the region. Oil and freight prices have risen dramatically for the rest. As attacks continue, the ecommerce industry will face new challenges. Read the complete article at Freightwaves.
5. Pandemic’s Ecommerce Surge Shows That Ecommerce Surges Are Less Persistent and More Variable
In partnership with MasterCard and Harvard Business School the International Monetary Fund conducted a study on online retail spending related to the pandemic. According to widely publicized reports, online spending increased dramatically during the pandemic but has declined in the months following the reopening of in-person businesses. It was also revealed that emerging economies experienced less drastic increases in ecommerce but more staying power than those with ecommerce already established. The full article can be found on the IMF website.
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By: Elisabeth Newell
Title: Ecommerce News Roundup: Q1 2022
Sourced From: www.volusion.com/blog/ecommerce-news-roundup-q1-2022/
Published Date: Mon, 28 Mar 2022 15:05:00 GMT
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