One of the main advantages that e-commerce has over stationary retail is that it has almost unlimited reach. There are practically no borders on the internet. In addition, online retailers can offer their products not only to everyone in their home country with access to the internet, but potentially to clients all over the world. Of course, selling to clients internationally
Social media has become a key location for retail inspiration and purchases during the COVID-19 outbreak. A time when shops have often closed. The fastest growth of all has been on TikTok (+553%). The platform has seen sales grow faster than the more established Pinterest (+356%), Instagram (+189%) and Facebook (+160%). This is according to Bazaarvoice Influenster. 79% is
The COVID-19 outbreak has brought along an unprecedented boom for online retail. Online orders surged in the first half of 2020 and remained high in many parts of the world throughout the year. Many e-commerce players such as Amazon and Otto experienced a record holiday season. Analysts expect the upward trend to continue. More and more online orders are being processed and
The COVID-19 outbreak was a tough one for retail in general, and the fashion industry in particular. The dire financial situation which many consumers were confronted with almost overnight resulted in a slump in demand for most products beyond everyday essentials. In addition, lockdowns forced retailers worldwide to close down their stationary stores for weeks or even months.
COVID-19 has fueled a strong impetus for digitalized commerce activities, marking a remarkable turnaround across the manufacturing industry. An even stronger driver for growth appears to be the change in online buying behavior within B2B, which is actively impacting products - small and large, as well as regular and complex - across the world. The world of manufacturing is very