Insights from Kenco's 2023 eCommerce Peak Season Pulse
🎁 Insights from Kenco's 2023 eCommerce Peak Season Pulse.
As the fall season approaches, retailers are gearing up for the peak season. According to Kenco's 2023 eCommerce Peak Season Pulse, consumer spending expectations for the holiday season appear stable, with 58% expecting their spending to remain the same as in 2022. However, 52% of consumers still have supply chain-related concerns. This relative stability provides an opportunity for retailers to learn from the ups and downs of the previous peak season.
FedEx is set to launch a new "data-driven commerce platform" called fdx in the fall, offering comprehensive e-commerce solutions for online merchants.
Belgium is investigating potential security risks related to China's Alibaba Group's presence at Liège Airport, where its main European logistics center is located.
As the fall season approaches, retailers are gearing up for the peak season.
Companies across various industries are cutting back on customer perks as they prioritize higher profit margins.
Alibaba's logistics arm, Cainiao Network, has introduced its half-day express delivery service in eight major Chinese cities, including Shanghai, Hangzhou, and Shenzhen.
Shopify experienced a 31% year-over-year increase in revenue during the second quarter, reaching nearly $1.7 billion, following the company's renewed focus on building e-commerce stores for brands.
Walmart has opened its largest fulfillment center in McCordsville, Indiana, as part of its e-commerce growth strategy to reach 95% of the US population within two days of ordering.
The 2023-2024 report on cross-border commerce reveals that cross-border e-commerce is becoming increasingly diverse and globalized.
The growth of e-commerce sales continues, and the challenges in fulfilling these orders due to labor shortages, inadequate inventory space, and inventory variability persist, according to Paul Ambruso, VP and GM of mobile robotics at Berkshire Grey.
A recent study by Descartes was conducted, and the study's data shows that 2/3 of those who responded have said that they "had a problem" with home delivery over the past 3 months.
The latest effort of Amazon is to cut as many costs as possible, including buying products directly from brands instead of using middlemen.
This is a new record, according to the National Retail Federation and Prosper Insights & Analytics.
Global e-commerce sales account for 20% of total retail sales today and are expected to exceed 30% by the end of the 2020s.
Alibaba Group Holding Ltd. revealed a deeper involvement of Chinese government entities in its various business arms following an inquiry from the US Securities and Exchange Commission.