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AI Remains Transformative Within the Ecommerce Space in 2024

Retail TouchPoints

Few things have disrupted the ecommerce industry of late quite as thoroughly as AI. About two-thirds of companies plan to invest more in AI in the next six months, and 60% of commerce leaders recognize the value of AI in boosting customer experience to provide a competitive advantage.

eCommerce 249
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Shein Picks Amazon’s Backyard for New U.S. Fulfillment Hub

Retail TouchPoints

fulfilment and logistics, furthering the company’s ongoing effort to localize fulfillment and support speedier delivery times for American customers. Shein said it plans to hire more than 50 professionals to be based at the new location by the end of 2024, joining a growing U.S. Fulfillment and Logistics at Shein in a statement.

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The Future of eCommerce: Trends to Watch in 2024

Algopix

The eCommerce landscape has been evolving at a rapid pace over the past few years, driven by advances in technology, changing consumer behaviors, and the global impact of events. Augmented Reality (AR) Shopping Experiences In 2024, Augmented Reality (AR) is set to revolutionize the way consumers shop online.

eCommerce 119
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Is an LLC Required to Start Selling on Amazon in 2024?

Algopix

With the e-commerce landscape continuously evolving, aspiring entrepreneurs are increasingly intrigued by the prospects presented by online platforms like Amazon. A Limited Liability Company (LLC) is a business entity that offers a blend of liability protection and operational flexibility. What Is an LLC?

eCommerce 107
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Amazon Debuts Next-Generation Drone Design and Fulfillment Robot

Retail TouchPoints

Amazon unveiled a number of new technical innovations set to be deployed across its operations, including a lighter, more durable drone for deliveries and a new robotic system than can handle individual product sorting. New Fulfillment Robot: Sparrow. Next-Gen Drones. Just as customers in a few select U.S.

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NOT Your Dad’s Supply Chain: 4 Trends Every Retail Exec Should Know for 2024

Retail TouchPoints

In 2024, it won’t be your dad’s supply chain. It has only been a few years since ecommerce flipped the switch on brick-and-mortar, but the use of the term doesn’t fully convey the role that retail stores play in modern business. Many of these ‘child brands’ need to leverage the same retail fulfillment methods of the parent.

Supplies 283
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Reports: Amazon Delays or Cancels 16 Warehouse Openings as Ecommerce Spending Slows

Retail TouchPoints

This scaling back follows a disappointing Q1 2022, during which the ecommerce giant reported a $3.8 billion net loss, which was partially driven by $6 billion in added costs — including the cost of operating its massive fulfillment network. Mastercard’s May 2022 SpendingPulse report found that ecommerce grew 2.2%

eCommerce 268