Ecommerce & Marketplaces Newsletter – Aug 25th, 2023
In this edition, our lead story is Gartner 's 2023 Magic Quadrant? for Digital Commerce. The report evaluates 18 digital commerce vendors to help application leaders make informed decisions. Our partner commercetools has been named a Leader in Digital Commerce based on its completeness of vision and ability to execute. Forbes interview covers Tomas Ponce de Leon, VP of Seller Acquisition from 沃尔玛 Marketplace. He talks about the way marketplaces are changing the retail landscape and what businesses and customers serve to gain as a result. Markettailor looks at the ten best ecommerce marketplaces for 2023; a good platform should have at least good product recommendations, transparent pricing, and fast delivery. Learn more about the top global B2B marketplaces from the Markettailor list. Sharetribe has some fantastic resources on how to build different types of marketplaces. The resources are divided into several marketplace types, such as rental or service marketplaces, and each is explained in more detail. It is a page worth bookmarking with a treasure trove of information. Simple Fulfillment looks at the transformative impact of AI on Ecommerce operations and customer experience. Integrating AI in ecommerce has opened up new possibilities and unlocked tremendous potential for businesses to enhance customer experiences, improve operational efficiencies, and drive revenue growth. Read this and other great stories in this week's edition.
The 2023 Gartner Magic Quadrant has once again named commercetools as a Leader in Digital Commerce based on its completeness of vision and ability to execute. Gartner’s view of the digital commerce market focuses on transformational technologies that help organizations deliver great buying experiences for their customers.
In today’s increasingly digital world, eCommerce is thriving like never before. In 2022, U.S. eCommerce sales topped $1 trillion for the first time.1 That growth is having an outsized impact on marketplaces, which are projected to account for 45-50% of US. eCommerce spend by 2025.
Over the past years, the global B2B online sales on the B2B platform increased 17.8% to $1.6 trillion. It shows that e-commerce is evolving more and more and business needs to focus on online platforms. Partnering with a reputable web design agency in Los Angeles can help companies capitalize on this growth by creating visually appealing and user-friendly websites that attract and engage customers, leading to increased conversions and sales.
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Although there is an infinite amount of marketplace business ideas, most can be divided into several marketplace types, such as rental or service marketplaces. Some of these marketplace types are explained in more detail below. It’s never been easier to start a marketplace. Building a successful marketplace business, however, is the real challenge.
In recent years, artificial intelligence (AI) has emerged as a transformative technology in various industries. One sector where AI is making a significant impact is ecommerce. The integration of AI in ecommerce has opened up new possibilities and unlocked greater potential for businesses to enhance customer experiences, improve operational efficiencies, and drive revenue growth.
As Steve Jobs once said, ‘Get closer than ever to your customers. So close that you tell them what they need before they realize it themselves.’ This sentiment encapsulates the essence of the collaboration we’re about to unravel. In the dynamic realm of modern e-commerce, where convenience and expediency stand as imperatives, the intricacies of return management have risen to become a linchpin dictating customer loyalty and overall business prosperity.
Despite a brief downturn in the wake of the COVID-19 pandemic, global greenhouse gas (GHG) emissions have continued to rise and the Earth’s average surface temperature along with it. In 2022, the Potsdam Institute for Climate Impact Research published a sobering study showing that the world is already at risk of passing five dangerous climate tipping points.