Ecommerce penetration worldwide increased from 16% in 2019 to 19% in 2020, driven by the pandemic-fueled shift toward online purchases, according to a UN agency report. Global ecommerce sales, including both B2C and B2B, were up 4% to $26.7 trillion, representing 30% of global GDP.
B2B ecommerce is valuable in describing transactions which happen between the online businesses. Notably, this refers to the B2B portals which allow advertising and buying of services and inventory amongst businesses in the same industry. Here are the six benefits of ecommerce for B2B firms.
Magento announced it will end support for all 1.x versions this November. This leaves hundreds of thousands of businesses vulnerable to security risks if they opt not to migrate to Magento 2. Here’s everything you need to know when considering a Magento migration, including benefits and risks, challenges and steps involved.
Adobe announced plans to acquire Magento Commerce for $1.68 billion, integrating it into one platform for B2B and B2C customers globally. See how Magento will boost Adobe’s ecommerce capabilities and compliment its existing cloud platform.
Once again Amazon is in the news about logistics and the potential for encroachment on territory owned by UPS and FedEx, both of which have Amazon as a major client, the next iteration of what began as Amazon Seller Flex last fall.
Desktop-driven ecommerce sales may be plateauing, but data from comScore shows that as a whole, online sales are booming. Here is how this and other key trends will make even more of an impact in 2018.