In the last announcement of Amazon with a Smart Grocery Cart, it’s everytime clearer that the company is aiming to be a dominant player in the physical retail & grocery space!
We also saw!
Tencent Wechat new online shopping experience
Walmart leads $1.2 bln in India’s Flipkart
Google’s launch Shoploop, a mobile video shopping platform
ShipStation Partners with Mercado Libre in cross border push
Bolt raises $50M to unveil checkout experience platform
Will Amazon reinvent the physical retail? Probably yes! The company is again surprising the industry with the announcement of the new smart cart. This cart uses cameras, sensors and a scale to automatically detect and log items on a digital display behind the handle. The technology makes it possible for shoppers to leave the store without going through a traditional checkout line, a complementary solution to the amazon go model!
Tencent launched Minishop, a new tool that allows merchants to build a virtual store on WeChat (the giant super app of China). The move from Tencent is a clear sign of the company ambitions to compete with Alibaba & JD.com by enabling merchants to open a virtual store available to the 1.2 Bln users in the platform.
Walmart continues to invest in India Ecommerce Giant Flipkart. India is one of the most promising& biggest ecommerce market in the world and global giants such as Walmart, Facebook, Amazon are investing on local giants companies for market dominance ! Will be interesting to see who wins?
Google video shopping platform shoploop is designed to introduce consumers to new products in under 90 seconds! An interesting combination of social media and social commerce powered by video.
Video is everywhere and this is clearly one of the way forward for online commerce. Companies like Amazon (Amazon Live), YouTube (shoppable ad format), Facebook (live shopping), Instagram (own Shop) have all invested significantly in selling more online leveraging videos!
Cross border ecommerce is expected to continue growing at 13% YOY till 2025! We can expect COVID to accelerate further cross border ecommerce growth as people travel less internationally and buy online more. This announcement between ShipStation and Mercado Libre is big deal for merchants in LATAM & US. Anyone selling from the US will gain access to 600 million Latin American buyers through Mercado Libre.
Start of up the Week: Bolt
Did you know that 70% of people drop their cart? This is big challenge for anyone selling online! How to improve the checkout experience? Well that’s what Bolt is working on. The startup offer retailers and consumers more choice, control and flexibility over their transactions by managing the back end of the checkout
VP, Global Ecommerce Lead
DHL Supply Chain