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The Opportunity of Cryptocurrencies for Cross-Border Trade and Marketplaces

24
Nov

What opportunities would cryptocurrency enable marketplaces trading across borders – if all customers and suppliers were paid in the same currency on an open network? This article will explore the opportunity of cryptocurrencies and what the implementation of them would mean for the e-commerce industry and global trade, including facilitating cross-border trade at speed and without fees along with other benefits.

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Getting Ready for Singles’ Day 2021 – Will Chinese Marketplaces Strike New Record-Breaking Sales?

8
Nov

Singles’ Day is the biggest shopping day in the world led by the Chinese ecommerce giant Alibaba, taking place every year on the 11th November. As the day is right around the corner, brands and retailers are preparing their offerings in anticipation of the momentous event. With Singles’ Day up to a record $115 billion last year in 2020, will 2021 make a new record? How has shopping changed from 2020 (almost entirely online due to lockdowns) to 2021? What should brands and retailers take note of this year? What are the best practices for them to succeed? This article will take a closer look at Singles’ Day, first defining what it is before exploring the wider questions as well as key insights and takeaways for sellers and retailers alike.

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Singles’ Day is the biggest shopping day in the world led by the Chinese ecommerce giant Alibaba, taking place every year on the 11th November. As the day is right around the corner, brands and retailers are preparing their offerings in anticipation of the momentous event. With Singles’ Day up to a record $115 billion […]

The Rise of Social Shopping & How Marketplaces Facilitate this Growing Consumer Trend

14
Sep

Social shopping is a rising trend which is characterised by consumers making purchase decisions based on reviews, recommendations and social media posts about a product. Users can utilize social media networks in an effort to recommend and share various products or services to their family, friends or other internet users. Such behaviour is certainly on the increase – with many marketplaces attempting to blend commerce and social media in order to drive revenue.

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What is Social Shopping? Social shopping is a rising trend which is characterised by consumers making purchase decisions based on reviews, recommendations and social media posts about a product. Users can utilize social media networks in an effort to recommend and share various products or services to their family, friends or other internet users. Such […]

The Role of Sustainability and Circular Economy in Online Marketplaces

7
Sep

With global warming and climate change initiatives drawing more attention globally, the demand for goods aligned with sustainability regulations and circular buying cycles has never been greater. Etsy has ballooned into the fourth-largest marketplace in the world in a short amount of time – with the number of active buyers rising from 9.32m in 2012 to 81.9m in 2020. Similarly, Depop has a cult-like following amongst Gen Z, hunting for hidden gems and upcycled custom pieces.

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With global warming and climate change initiatives drawing more attention globally, the demand for goods aligned with sustainability regulations and circular buying cycles has never been greater. Etsy has ballooned into the fourth-largest marketplace in the world in a short amount of time – with the number of active buyers rising from 9.32m in 2012 […]

Top 5 Online Marketplaces in the US

13
Apr

The pandemic has fueled an offline-to-online shift and driven exponential growth across the global ecommerce sector, growth which is likely to continue even in a return to normalcy, according to Forbes. In fact, experts forecast that half of the absolute value growth for the global retail sector over the 2020-2025 period will be driven by digital ecommerce. In this rapid shift, the US, being the third-largest online market worldwide and the homeland of online marketplace giants, will play an essential role.

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The pandemic has fueled an offline-to-online shift and driven exponential growth across the global ecommerce sector, growth which is likely to continue even in a return to normalcy, according to Forbes. In fact, experts forecast that half of the absolute value growth for the global retail sector over the 2020-2025 period will be driven by […]

What a year it has been! As we clinked our glasses to the start of 2020, nobody could have predicted the sheer disruption the pandemic would cause. In this article, we highlight five key trends affecting retailers over this Christmas shopping period and beyond. #1 MOBILE APPS WILL BECOME MORE POPULAR With many consumers forced […]

The Growing Role of Online Marketplaces in the Roaring Twenties

18
Nov

In this new normal, where online shopping is increasingly a necessity rather than a choice, online marketplaces have become a habitual shopping destination for a wider audience, including those consumers that were initially more hesitant about exploring the world of online marketplaces.

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In this new normal, where online shopping is increasingly a necessity rather than a choice, online marketplaces have become a habitual shopping destination for a wider audience, including those consumers that were initially more hesitant about exploring the world of online marketplaces.  MARKETPLACE SUCCESS AND TOP PLAYERS In 2019, online sales via marketplaces accounted for 57% of […]

Recommerce: A Flourishing Ecommerce Trend

6
Nov

While Black Friday 2020 is expected to be the most profitable shopping event to date, many brands and retailers are also adopting and implementing a new selling trend, recommerce, which involves the exact opposite action implied in Black Friday: labels buy back second-hand items from consumers.

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While Black Friday 2020 is expected to be the most profitable shopping event to date, many brands and retailers are also adopting and implementing a new selling trend, recommerce, which involves the exact opposite action implied in Black Friday: labels buy back second-hand items from consumers. THE RECOMMERCE ORIGINS Even though recommerce seems like a […]

Encouraging Healthier and More Eco-Friendly Consumer Behaviour

21
Oct

Even when health becomes the top priority for consumers, environmental concerns are increasingly at the forefront of consumer minds, according to new research. The latest survey by GlobeScan, in collaboration with CVS Health, IKEA, PepsiCo, Visa, and WWF International (27,000 consumers, 27 countries) highlights that Covid-19 has strengthened the importance of changing behaviour in order to have a healthier life and more eco-friendly future…

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Even when health becomes the top priority for consumers, environmental concerns are increasingly at the forefront of consumer minds, according to new research. The latest survey by GlobeScan, in collaboration with CVS Health, IKEA, PepsiCo, Visa, and WWF International (27,000 consumers, 27 countries) highlights that Covid-19 has strengthened the importance of changing behaviour in order […]

Master Global Marketplace Trading with Pentagon

24
Sep

2020 is the Year of the Marketplace. With more than 50% of online sales now made on marketplace channels, this year we’ve seen consumer behaviour shift in a few days to shopping habits that retail analysts would have anticipated to take decades…

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2020 is the Year of the Marketplace. With more than 50% of online sales now made on marketplace channels, this year we’ve seen consumer behaviour shift in a few days to shopping habits that retail analysts would have anticipated to take decades. The growth opportunity for brands and retailers to expand across international borders with […]