Retailers upbeat on 2024 despite supply chain disruptions
New research has found that after a tough start to the year, 86% of retailers are feeling positive about the rest of 2024 – with over a third (36%) describing their outlook as very positive. The survey of more than 100 retail professionals, conducted by Fluent Commerce, revealed growth is on the horizon for retailers. 93% said they expect […]
Delivery issues highlighted in consumer sentiment data
Descartes Systems Group has released findings from its Online Buying Grows, But Too Many Consumers Still Experiencing Delivery Woes report, revealing that while consumers in every demographic are increasing the volume and frequency of their online purchases, 67% of those surveyed encountered delivery problems. The study shows that 39% of respondents made more online purchases in […]
Demand for e-commerce platforms to hit $13.5 billion by 2028
The E-commerce platform market size is projected to grow from $7.1 billion in 2023 to $13.5 billion by 2028, equivalent to a CAGR of 13.8% during the forecast period. That’s according to a new report by MarketsandMarkets, which says that an increasing online consumer base combined with growing adoption of smartphones in developing markets is […]
Alternative payments keeps China on top of the global e-commerce tree
China is set to retain its dominant position in the global e-Commerce landscape, boasting 9.9% growth to surge to CNY 15.2 trillion ($2.2 trillion) in 2023, driven by the ongoing shift of consumer preferences from offline to online shopping. According to GlobalData’s E-Commerce Analytics, e-Commerce sales in China grew at a CAGR of 11.2% between […]
Alternative payments now account for 40% of e-commerce in Singapore
Alternative payment methods such as mobile and digital wallets are being widely used in the e-commerce space in Singapore, accounting for 38.6% of the payments made on the online payments in 2023. GlobalData’s e-Commerce Analytics reveals that Singapore’s e-Commerce market grew by 16.9% in 2022 to reach SGD17.2 billion ($12.8 billion). The market is expected […]
Sports present ‘huge opportunity’ for digital payments
As revenues grow, sports are an area where digital payments could look to consolidate its strength, driven by increased global usage of apps and contactless transactions within venues and stadia. GlobalData’s latest report, ‘Digital Payments in Sport – Thematic Intelligence’ reveals that by 2028, it’s expected that only 9% of payments made globally will be […]
Financial services boosting biometric device shipments post-COVID
Global biometric device shipments fell from 4.1 million in 2019 to 3.4 million in 2021 and recovered slightly to 3.6 million in 2022, with global trends impacting usage in banking, financial services and insurance (BFSI) sectors. According to a new report by technology intelligence firm ABI Research, geopolitical and macroeconomic events, including the conflict in […]
The time for supply chain visibility is now: Where retail can succeed
Supply chain visibility has been a hot innovation topic for more than the last five years, as tracking technology has evolved and more benefits have been identified. But getting past the market hype, what real progress has been made, and what is left to be done to give supply chain and logistics professionals comprehensive visibility […]
Research stresses importance of localisation for online retail success
When it comes to buying from brands online, over four in five consumers won’t buy from a brand that doesn’t offer local language support That’s according to a new report released by RWS, which asked 6,500 global consumers about their online habits and how they like to engage with online businesses. RWS’s Unlocking Global Understanding […]
Retail and finance among top cyber crime targets
BlackBerry’s latest Quarterly Global Threat Intelligence Report has highlighted an increase in cyberattacks directed at retail, financial institutions and healthcare providers, with 60 percent of all attacks targeting these three key industries. The BlackBerry Threat Research and Intelligence team stopped more than 1.5 million cyberattacks in the 89 days between December 1, 2022 and Feburary […]
