WHY IT MATTERS: Digital Transformation
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90% of US #eCommerce have <1M$ in revenue - Digitally native brands need solutions to benefit from economies of scale 1/4 via @McKinsey

90% of US #eCommerce have <1M$ in revenue - Digitally native brands need solutions to benefit from economies of scale 1/4 via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

Today, low barriers to entry have encouraged an explosion of DNBs, flooding the market with the fruits of creative entrepreneurship. However, DNBs that break through with outsize investor returns are rare. Over the past two decades, fewer than 0.5 percent of DNBs have reached $100 million in revenues. In fact, more than 90 percent of businesses that originated through e-commerce earn less than $1 million in annual revenues (Exhibit 1).4 Investors face the challenge of sifting through concepts to determine which are worthy of the capital required to scale a business or buy into an existing company at high multiples.

Farid Mheir's insight:

WHY IT MATTERS: I knew that eCommerce is a mostly a small business game but I never expected that 90% of businesses had <1M$ in revenue. So for most businesses, eCommerce lacks the economies of scale for marketing and logistics for example.

.../2

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Praveen's curator insight, April 11, 2023 5:43 AM

Most eCommerce companies have products that are either uninspired or have zero innovation.

 

Interesting research

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The Top 100 #Marketplace for 2022 provides insights on the growth of this #eCommerce category, the technology solutions behind them and a glimpse into the future from @a16z

The Top 100 #Marketplace for 2022 provides insights on the growth of this #eCommerce category, the technology solutions behind them and a glimpse into the future from @a16z | WHY IT MATTERS: Digital Transformation | Scoop.it

The 2022 edition of the Marketplace 100 ranks the largest consumer-facing marketplace startups and analyzes the trends behind the next generation of marketplace giants.

Farid Mheir's insight:

WHY IT MATTERS: useful to see the growth of marketplaces in recent years. The list is interesting but the analysis provides insights into what's now become an essential component of eCommerce. And let me tell you from experience, building a marketplace is difficult... ;-)

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is #reCommerce really a #thing or just marketing hoopla? find out in this field study on The Rise of Recommerce

is #reCommerce really a #thing or just marketing hoopla? find out in this field study on The Rise of Recommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Secondhand, or recommerce, will grow at 11x the rate of regular retail. If that doesn’t smell like opportunity, I don’t know what does. We at Alpaca wanted to investigate the white space in the…

Farid Mheir's insight:

WHY IT MATTERS: is reCommerce a things for real or is this just a fancy new marketing acronym? In any case, this study provides contact and background and data to explore the concept.

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Future of #Retail 2022 from @Raconteur provides a collection of interesting stats and trends

Future of #Retail 2022 from @Raconteur provides a collection of interesting stats and trends | WHY IT MATTERS: Digital Transformation | Scoop.it

Read the report and learn:

  1. What consumers bought in 2021: The global consumer behavior report
  2. Product-to-consumer strategies replacing outdated B2C and D2C models
  3. Retailers switching to low-carbon products in a move toward net-zero targets
  4. The challenges for brands as customers demand better shopping experiences
Farid Mheir's insight:

WHY IT MATTERS: a hodgepodge of retail stats and trends and opinions on the current and future state of retail. Provides a very European - no English - viewpoint which is always useful as they are much ahead on the eCommerce front. I highlight their chart on eco-friendliness opportunities which I have not seen elsewhere.

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The Future of Commerce: Industry Report (2022) by @Shopify is full of great insights, trends and recommendations #mustRead #eCommerce

The Future of Commerce: Industry Report (2022) by @Shopify is full of great insights, trends and recommendations #mustRead #eCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

Download Shopify’s Future of Commerce report for sound predictions from commerce leaders and business forecasts that will impact 2022 and beyond.

Farid Mheir's insight:

WHY IT MATTERS: wow! not often do I stumble upon a trend report that actually has valuable insights, trends and recommendations. And not too biased towards Shopify!

I pulled one chart on the importance of customer service but there are many more. Must read for anyone serious about eCommerce, big or small.

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Gartner Predicts 2022: Buyers Dictate your Selling Strategy #eCommerce #CRM #retailTech

Gartner Predicts 2022: Buyers Dictate your Selling Strategy #eCommerce #CRM #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

Leading organizations are increasing revenue and improving customer experience by becoming more collaborative, unified and digital-optimized across all of their customer interactions. Application leaders must make strategic technology investments that transform digital selling functions. This report highlights emerging and continuing trends for 2022 including customer's insistence on self-serve and assisted experiences, continued focus on unified commerce especially in terms of customer experience, and the uptick in b2b brands embracing digital.  

Farid Mheir's insight:

WHY IT MATTERS: no surprise in the predictions (eCommerce is here to stay!) but the details are worth reading to understand the trends Gartner mentions.

SaintStalker's comment, January 30, 2022 10:52 AM
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Survey of Quebec households confirms predictions we've heard since 2000: digital is #mobile for everything (web, #ecommerce, games, videos, ...) @atn_ulaval @cbourget 

Survey of Quebec households confirms predictions we've heard since 2000: digital is #mobile for everything (web, #ecommerce, games, videos, ...) @atn_ulaval @cbourget  | WHY IT MATTERS: Digital Transformation | Scoop.it

La popularité des services payants de visionnement en ligne a dépassé pour une première fois celle des services de télévision par câble ou fibre optique dans les foyers québécois. L’enquête intitulée Portrait numérique des foyers québécois révèle en effet que 71 % des adultes québécois sont abonnés à au moins un service payant de visionnement en ligne tel Netflix, Amazon Prime ou Disney+ alors que 66 % sont abonnés à un service de télévision par câble ou fibre optique. L’enquête rapporte que le taux d’abonnement à un service de télévision par câble ou fibre optique a diminué de 6 points de pourcentage au cours de la dernière année et de 13 points de pourcentage depuis 2018.

Farid Mheir's insight:

WHY IT MATTERS: useful survey from ATN on digital adoption in QUEBEC. For context (and a good laugh) see this presentation from Sergei Brin of Google in 2000 at Wireless World.

https://www.wired.com/2014/05/brin-mobile-2000/ 

This was the basis for their acquisition of Rubin in 2005.

https://en.wikipedia.org/wiki/Andy_Rubin

 

Interesting question: what technology are we hearing about today that will actually be everywhere in 20 years? blockchain? VR? AR? metaverse? quantum? Pretty tough to predict. I put my money on blockchain + AR.

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Busting the five biggest B2B #e-commerce myths via @McKinsey

Busting the five biggest B2B #e-commerce myths via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

The leading edge for successful B2B sales growth is digital. Here’s why.

Farid Mheir's insight:

WHY IT MATTERS: the most underrated eCommerce opportunity lies in business to business or B2B. The post highlights 5 reasons why this is so.

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Look back at #eCommerce in 2021 by @AdobeCommerce provides useful links

Look back at #eCommerce in 2021 by @AdobeCommerce provides useful links | WHY IT MATTERS: Digital Transformation | Scoop.it

With the table thus set for the continued importance of online shopping, it’s an ideal time to start planning your annual eCommerce strategy. Our recommendation is that whether you experienced success in 2021 or need to go back to the drawing board, the road to improvement lies in effectively using the experiences and data of the previous year.

Farid Mheir's insight:

WHY IT MATTERS: a biased look back at eCommerce in 2021 by Adobe. Nevertheless useful for all the links in the post.

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IDC MarketScape B2C Digital Commerce Platforms 2020 Vendor Assessment #eCommerce #retailTech

IDC MarketScape B2C Digital Commerce Platforms 2020 Vendor Assessment #eCommerce #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

Read the report to learn the critical advice IDC has for technology buyers and why VTEX is a Leader.

Farid Mheir's insight:

WHY IT MATTERS: read the report to get insights on the eCommerce market landscape back in 2020. Beware, this is an excerpt for VTEX only.

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5 Top Predictions for Shipping Challenges in 2022 #ecommerce #retailTech #logistics

5 Top Predictions for Shipping Challenges in 2022 #ecommerce #retailTech #logistics | WHY IT MATTERS: Digital Transformation | Scoop.it

Shipping challenges reached a peak in 2021 – and we’re here to tell you that things aren’t looking better for 2022. But that doesn’t mean your operations need to suffer. You have more control over supply chain disruptions than you realize. Download our report today to find out what else we discovered and how it impacts your business.

Farid Mheir's insight:

WHY IT MATTERS: shipping remains the last issue to solve in eCommerce IMHO. This report provides some insights into the challenges for 2022, including rate increases labour shortage, increased competition by Amazon.

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"Tech questions for 2022" by @benedictevans may actually provide the answer to #digitalDisruption

"Tech questions for 2022" by @benedictevans may actually provide the answer to #digitalDisruption | WHY IT MATTERS: Digital Transformation | Scoop.it

Sometimes the centre of gravity in tech is very clear, but as we enter 2022 there are lots of areas where trillion dollar questions are wide open. These are the questions I wonder about today, from crypto to cars to fast fashion - there are others.

Farid Mheir's insight:

WHY IT MATTERS: this list of technology questions for 2022 feels like an answer to the question "what is digital disruption?".

We have reached a moment in time where old technologies - eCommerce or videoconferencing for example - are finally breaking into established industries. And the impact, at scale, cannot be found in technology but rather in every single industry it disrupts.

Very thoughtful piece, very good questions.

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What The Omnichannel Grocery Store Trip Of The Future *may* Look Like #ecommerce #retailTech

What The Omnichannel Grocery Store Trip Of The Future *may* Look Like #ecommerce #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

Discover 6 ways tech will change the grocery store experience, from text-based customer service to micro-fulfillment to virtual kitchens.

Farid Mheir's insight:

WHY IT MATTERS: grocery technology evolution is difficult so I take this journey as a guide for technologies that will enhance or improve the shopping experience, not replace it altogether - at least not in short term.

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Marketplaces Year in Review 2021 - an essential read to know where we are in #eCommerce #mustread

Marketplaces Year in Review 2021 - an essential read to know where we are in #eCommerce #mustread | WHY IT MATTERS: Digital Transformation | Scoop.it

2021 was the year of broken supply chains, Amazon aggregators, more advertising, Shopify's almost-marketplace, and one unanswered question - did the pandemic boost e-commerce after all? For now, the world of marketplaces revolves around Amazon - it has doubled in size in two years. No one will challenge it directly, but a different paradigm might.

Farid Mheir's insight:

WHY IT MATTERS: a must read article that summarizes very well the state of ecommerce marketplaces.

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2021 State of the API Report provides a useful landscape as the #API tools mature in this world of #microservices and headless #eCommerce

2021 State of the API Report provides a useful landscape as the #API tools mature in this world of #microservices and headless #eCommerce | WHY IT MATTERS: Digital Transformation | Scoop.it

This year's State of the API report covers the largest and most comprehensive survey on APIs, ever. More than 28,000 developers and API professionals shared their thoughts on a range of topics, including their organizations' development priorities, how they get their work done, and where they see the industry going. We combined this data with data we've observed on the Postman API Platform to build a robust picture of the current state—and the future—of APIs.

Farid Mheir's insight:

WHY IT MATTERS: in the report you'll find this useful landscape of API solutions. Biaised because of its source - postman is an API tool provider - nevertheless is useful.

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2021 Holiday Shopping Forecast from Adobe Analytics is full of stats about the holiday trends - high demand, high prices, inventory shortage and curb-side pickups are the highlights #eCommerce #trends

2021 Holiday Shopping Forecast from Adobe Analytics is full of stats about the holiday trends - high demand, high prices, inventory shortage and curb-side pickups are the highlights #eCommerce #trends | WHY IT MATTERS: Digital Transformation | Scoop.it

This year, customers will do a lot more than window shop, so we’re gathering the data and statistics and putting the insights on display. Download the Holiday Forecast 2021 report to understand when, how, and what consumers plan to spend money on this season, and use our findings to create shopping experiences your customers want. We know you’re excited. So come, take a close-up look, but hands off the glass, please.

Farid Mheir's insight:

WHY IT MATTERS: 2021 eCommerce shopping holiday continues to move from in-store to on-line shopping with covid-related impacts still apparent: high demand, high prices, inventory shortage and BOPIS curb-side pickups are to be expected.

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E-commerce conversion rates benchmarks 2022 - How do yours compare?

E-commerce conversion rates benchmarks 2022 - How do yours compare? | WHY IT MATTERS: Digital Transformation | Scoop.it

E-commerce conversion rate and lead generation stats compilation desktop and mobile devices benchmarking averages across different industries

Farid Mheir's insight:

WHY IT MATTERS: an update with the latest data about conversion rates in eCommerce. If anything this shows how wide the variations can be.

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B2B surpassing B2C in digital #eCommerce as revenue skyrockets says Gartner

B2B surpassing B2C in digital #eCommerce as revenue skyrockets says Gartner | WHY IT MATTERS: Digital Transformation | Scoop.it

As B2B buyers become more digitally savvy, they prefer less human interaction and expect more from their digital interaction. COVID-19 has accelerated this expectation. B2B buyers expect a similar shopping experience to B2C buyers. This means B2B buyers expect the digital commerce platform to understand them and anticipate their needs as a sales representative might do. They expect better tools for researching and comparing products. They want to engage with organizations digitally without having to resort to a call or email to get a quick response and a good deal.

Farid Mheir's insight:

WHY IT MATTERS: B2B clearly is the next frontier for eCommerce. Underlying this is the need to gain customer understanding and possibly direct connection, especially for manufacturers.

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Tech trends from @Bain&Company posits that #Technology Is Reshaping the Global Economy

Tech trends from @Bain&Company posits that #Technology Is Reshaping the Global Economy | WHY IT MATTERS: Digital Transformation | Scoop.it

Technology has emerged as the primary disruptor and value creator across all sectors.

Farid Mheir's insight:

WHY IT MATTERS: this tech trends is different than other "lists" in that it analyses a number of topics and provides useful data trends to understand the issues. Well done and very useful. I highlight the change in buying behaviour in the chart I extracted (buyers know what they want more than in the past but sellers have yet to adapt to this new normal) - but I guarantee the report has a bunch more. 

marian's curator insight, October 16, 2021 7:38 AM

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Scooped by Farid Mheir
Scoop.it!

Gartner quadrant on digital commerce highlights 17 out of 140 solutions (!) it tracks & continues to position legacy solutions as leaders (SAP, SFDC) #eCommerce #retailTech

Gartner quadrant on digital commerce highlights 17 out of 140 solutions (!) it tracks & continues to position legacy solutions as leaders (SAP, SFDC) #eCommerce #retailTech | WHY IT MATTERS: Digital Transformation | Scoop.it

Investments in digital commerce continue to grow as companies adapt to new business models and sales processes prompted by the COVID-19 pandemic. This research evaluates the viability of 17 digital commerce platform vendors to help application leaders make informed decisions.

Farid Mheir's insight:

WHY IT MATTERS: eCommerce growth continues, especially regarding B2B (see market overview, as usual it contains good insights). I always question the tool selection (17 over 140 solution gartner says it tracks) so read with huge grain of salt. Legacy solutions with serious technical limitations show up in leader quadrant (sap, salesforce), and niche solutions are positioned because I assume they have market penetration. So use other sources when selecting eCommerce solution but questions vendors in the quadrant on the PROs and CONs gartner highlights.

marian's curator insight, October 16, 2021 7:39 AM

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Scooped by Farid Mheir
Scoop.it!

The future of the $1.5 trillion #wellness market via @McKinsey

The future of the $1.5 trillion #wellness market via @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

The shift to digital channels is happening at the speed of “a decade in days.” Our research suggests that the change will be sticky: a majority of consumer categories will continue to project more growth in e-commerce than in other channels over the next several years.

Farid Mheir's insight:

WHY IT MATTERS: digital impacts all industries including those are more dependant on "relations" like wellness.

marian's curator insight, October 16, 2021 7:40 AM

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Scooped by Farid Mheir
Scoop.it!

Gartner Magic Quadrant for #Cloud #ERP for Product-Centric Enterprises highlights an important fact: as technology matures the solutions tend to specialize per industry - when will this happen with...

Gartner Magic Quadrant for #Cloud #ERP for Product-Centric Enterprises highlights an important fact: as technology matures the solutions tend to specialize per industry - when will this happen with... | WHY IT MATTERS: Digital Transformation | Scoop.it

The ERP for product-centric enterprises market is accelerating its transition to cloud deployment models. ERP application leaders should use this Magic Quadrant to evaluate cloud ERP application suites as part of a composable ERP strategy.

Farid Mheir's insight:

WHY IT MATTERS: interesting to see that software solutions that reach maturity - such as ERPs - have a tendency to specialize. This quadrant highlights leaders in a specific market (product centric enterprises). I wonder when we will start to see the same with eCommerce... Not that specialized solutions don't exist but that the industry remains so immature that companies are in their first or second versions of eCommerce and thus gravitate to generalist solutions like shopify, magento, etc.

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Per quanto riguarda le questioni di benessere, sapere quali negozi di droga sono fantastici e terribili è importante.
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Scooped by Farid Mheir
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80% of US households have on avg 1.7 #membership programs and 64% of HH have Amazon PRIME via @Activate

80% of US households have on avg 1.7 #membership programs and 64% of HH have Amazon PRIME via @Activate | WHY IT MATTERS: Digital Transformation | Scoop.it

The overwhelming majority of households plan to keep paying for their shopping program memberships over the next year; many of the programs will retain 85% or more of their memberships

Farid Mheir's insight:

WHY IT MATTERS: membership programs are popular and this report provides a number of good reference numbers.

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Scooped by Farid Mheir
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Seven imperatives for the #retail industry via @RILA @McKinsey

Seven imperatives for the #retail industry via @RILA @McKinsey | WHY IT MATTERS: Digital Transformation | Scoop.it

This report presents research findings from the Retail Industry Leaders Association (RILA), with McKinsey & Company as a knowledge partner. Our analysis identified seven imperatives that can give retailers the ability to adapt to a changing consumer landscape while pursuing new opportunities.

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Scooped by Farid Mheir
Scoop.it!

Disruption Index from @AlixPartners with a focus on #retail

Disruption Index from @AlixPartners with a focus on #retail | WHY IT MATTERS: Digital Transformation | Scoop.it

Based on a survey of 3,000 senior executives around the globe, the 2021 AlixPartners Disruption Index confirms that cycles of disruption, which displace existing businesses, markets, and value networks in favor of newer ecosystems and relationships, have emerged as the central strategic challenge for business leaders today.

Farid Mheir's insight:

WHY IT MATTERS:  a detailed report on disruption elements in a number of industries, including Retail and Finance which are most affected.

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Curated by Farid Mheir
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