Economy reopens, bankruptcies rise! E-commerce news by Nabil
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While business bankruptcies rose 48% in May VS last year, economies across the globe are re-opening and the stock market is at record high levels!
This week exciting announcement includes:
- #Alibaba expanding presence in US
- #Gucci bet on personalized video shopping
- #Honda is developing first in-car voice shopping
- #Decathlon turns stores into fulfillment centers
- #Pinterest adds a ‘Shop’ tab to its Lens Camera
- #Locus Robotics raises $40M to accelerate automated picking
E-commerce giant Alibaba expands its US presence with new programs designed to help small business owners struggling during the coronavirus
Following announcements from Shopify, Google, Facebook around programs to help small businesses in this time of crisis, it’s now Alibaba joining their ranks.
Alibaba is offering SMB:
- Invoice payment terms (To ease pressure on cash)
- New freighting partners (To smooth bulk shipping)
- Virtual trade shows (To help reach out to customers)
Alibaba is investing to build a strong position in the US, will be interesting to see if they can compete with Amazon!
Business Insider published a great article about the Alibaba launch in the US and its effects.
Gucci’s new tech bet: personalised video shopping
The luxury megabrand just launched a bid to recreate its crucial in-store experience virtually! Gucci just launched Gucci Live, a video service that lets staff communicate with shoppers on their mobiles or laptops. As luxury brands move online, this could be a great solution to give a personalized and differentiated experience to their customers.
Read more about video shopping HERE.
Honda is developing the world’s first in-car voice-activated shopping system
You can’t drive and buy stuff online (at least legally)! That might change soon!
Honda is partnering with Chinese tech giant Tencent to develop the world’s first in-car voice-activated shopping system. As autonomous vehicles become the norm, people will have a lot of time while in transit and voice-activated shopping will be a big competitive advantage to convert these purchases!
In-car voice-activated shopping system?! You must read THIS.
Decathlon turns stores into fulfilment centres
The world’s largest sporting goods retailer Decathlon is keeping its U.S. stores “in the game” during the COVID-19 pandemic by using the store as a fulfillment centre for online orders.
We saw a recent announcement of large grocery chains like Wholefood & Kroger using their stores as fulfilment centres and we can expect this to continue and increase, we are in a time of Omni-Supply!
Learn more about the Decathlon fulfilment centre HERE.
Pinterest adds a ‘Shop’ tab to its Lens Camera search results to showcase matching in-stock products
Pinterest joining the e-commerce race with the launch of the “Shop” tab in its Lens camera search results. This function will show you the matching in-stock merchandise similar to a photo you take of something offline in the real world or even uploaded as a screenshot. This could be a great way for Pinterest to leverage its huge platform & audience to penetrate further in e-commerce.
Read more about the „Shop” tab in Pinterest HERE.
Start Up of the week: Locus
Locus Robotics raises another $40M as retailers increasingly look to automate
Have you ever wondered what happens once you push the “buy button”?
Well, it’s amazing! A network of people, facilities, technology, planes, trucks, robots are deployed to prepare your order as fast as possible and get it delivered to you on time!!
With Covid19 impact and regulations on social distancing, we will see more and more automation in supply chains to prepare your orders on time. Locus is one of the leading technology companies providing picking assistant robots and supporting automation for the picking process which is one of most critical step in Ecommerce Supply Chain! Excited to see the news as I personally love this technology & company.
Check out THIS article about Locus’ $40M.
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.