Covid-19: huge challenge for some, great benefits for others. E-commerce news by Nabil
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While many companies are facing huge challenges, some are thriving & hiring these days,
- Instacart hiring 300,000 „shoppers” over the next three months,
- Walmart hiring 150,000 workers who will undergo a 24-hour hiring process,
- Amazon hiring 100,000 delivery and logistics workers,
- CVS and Dollar General hiring 50,000 workers each,
- Papa John’s and Domino’s hiring 30,000 staff combined,
- Kroger hiring 10,000 workers across stores, distribution centres, and factories.
Coronavirus has decimated some sectors, but many large retailers are greatly benefiting.
As I was preparing the newsletter, I received a great visual from Moody’s which I thought would be very useful as everyone is trying to figure out the impact of COVID19 on their business and sector!
Source: Moody’s, Covid-19 Impact Heatmap
Online marketplace OfferUp raises $120M, acquires top competitor letgo
If you live in the US and are buying or selling used products, you probably used OfferUp and/or LetGo (and maybe Craiglist also if you are older J). These peer to peer marketplaces are the leading marketplaces today and have been increasing there solutions by offering shipping and other enablers to grow their business. With this acquisition + fundraising of LetGo by OfferUp, we can expect to see this combined organization become a key competitor for the well-established marketplaces. Let go already promotes 3rd party products in the search function and will not be surprised that they start to sell new products directly to their +100 million users!
Get some insight from THIS ARTICLE.
Pinterest Launches Verified Merchant Program for brands that deliver high-quality customer service
Pinterest is the #5 most used social media with 67M unique users per months, the company has been taking multiple steps in order to become more relevant in the world of e-commerce and not only be a source of inspiration but also a place to purchase products. With this new verified merchant program, PIN is clearly making a move and statement that they are committed to starting selling 3rd party merchants on their platform and that they will rate the quality of these merchants to ensure good customer experience and product quality! Not sure why it’s taking them so long but I would be the CEO of Pinterest, I would definitely accelerate the push in Ecom faster!
Some more information can be found HERE.
As the U.S. shuts down, StockX’s business is booming, says its CEO
As stores are closed and people are shopping more online, some pure online companies are benefiting. StockX, the high-flying resale marketplace that connects buyers and sellers of sneakers, streetwear, handbags and other collectable items is on the rise based on CEO statement last week and I have no doubt that they will be one of the companies that will benefit in the long term with the change in consumer behaviour that we are seeing with the COVID19.
Read THIS what the CEO said about all these changes.
France launches marketplace to manage essential products against COVID-19
We are truly living in a time of disruption and innovative idea, the French government is creating a marketplace called StopCOVID19.fr to centralize the supply and demand of essential products during the fight against COVID-19. The marketplace is not open to the public and It helps companies and public institutions talk to each other. For instance, a chemical company has to connect with packaging manufacturers in order to store a large volume of hand sanitizer. Similarly, public and private hospitals don’t want to waste time contacting each manufacturer directly. Love it! (and I’m not saying this because I’m from France 😉 )
THIS is a must-read about the launch and the marketplace itself.
Stripe leads $20M Series A into Fast, which is building a universal checkout service for e-commerce
This is an interesting combination and investment, stripe (Payment Company) is investing into Fast which objective is to get you to purchase way faster in any website and avoid the hassle of login and re-entering your data to process a purchase.
Learn more about Stripe HERE.
Cheers & enjoy
Stay Home, Stay Safe,
Nabil Malouli is VP, Global E-commerce for DHL Supply Chain where he leads the innovation, strategy and product development of its e-commerce fulfilment and last-mile solutions.