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Social eCommerce to Be Worth $120 Million! European Countries Hit by Strong Storms, Ports Closed, Flights Suspended | Weekly eCommerce News

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Social eCommerce to Be Worth $120 Million! European Countries Hit by Strong Storms, Ports Closed, Flights Suspended | Weekly eCommerce News
CJFeb. 24, 2022 06:52:42269

 

eCommerce News Weekly Update Vol 36.

 

This week we prepared five eCommerce news for you to catch up with.

 

 

Shopping shifts from physical to virtual, social e-commerce to be worth $120 million

According to Sprout Social, 68% of consumers will get used to buying directly from social media, and 98% of consumers plan to make at least one purchase this year through social shopping or online celebrity commerce.

 

Social commerce is expected to be a $120 million consumer channel by 2025. The fire of social e-commerce and the explosion also means that look sellers and brands can get more exposure and opportunities to grow their sales.

 

The popularity of social commerce also means that look sellers and brands can get more exposure and opportunities to grow sales.

 

U.S. consumer demand for health and wellness products on the rise

At the beginning of the epidemic, stress and disorientation prompted many consumers to indulge themselves. However, according to NPD's recently released "America's Health Pulse: Narrowing the gap between needs," consumers became more health-conscious as the epidemic progressed.

 

New consumer demand often means the emergence of new markets, and as more and more consumers focus on health and wellness programs, the market for related products will grow.

 

The market for related products will become bigger and bigger. Only from the consumer demand for product selection sellers to promote the success rate of the product will also be greater and greater!  

 

Shopify Q4 revenue of $1.38 billion, the market size of $175 billion

On Wednesday, local time, Shopify reported its fourth-quarter 2021 revenue of $1.38 billion, beating estimates of $1.34 billion. And after its fourth quarter of 2021 After surpassing $54 billion in GMV, Shopify is now almost 50% the size of Amazon's marketplace.

 

Meanwhile, Shopify warned in its fourth-quarter earnings report that revenue will slow in the first half of 2022, down from 57% growth in 2021.

 

The reason for a deceleration in e-commerce spending compared to the peak of the coronavirus pandemic, along with other factors such as the end of government stimulus measures and rising inflation the potential impact on consumer spending.

 

Global supply chain problems, U.S. ports are the root cause?

“About 80 percent of global supply chain disruptions are caused by U.S. ports," said Otto Schacht, executive vice president of marine logistics at Kuehne+Nagel.

 

The problem is caused by U.S. ports. "There are many reasons for the congestion challenges at the ports of Los Angeles and Long Beach, including a lack of skilled workers, low port efficiency, a shortage of truck drivers, congestion at terminals, distribution centers, and warehouses, and ocean carrier restrictions.

 

The U.S. trade press says the supply chain industry needs more cooperation to solve this dilemma.

 

Attention! European countries hit by strong storms, ports closed, flights suspended

According to foreign media reports, the local time z on 18, the United Kingdom, the Netherlands, Ireland, and other European countries suffered a strong Atlantic storm, wind speeds of up to 160 km per hour.

 

Currently, the storm is moving towards the European continent, and the strong storm is likely to have a serious impact on local logistics and transportation.

 

If the parcel transport is affected by this storm caused by the delay please inform the relevant buyers promptly, and patiently explain the situation, so as not to cause unnecessary losses.

 

 

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