We all know that the impact of digital transactions has been most profound in retail. And media. No doubt about it. Right? Wrong. The most profound impact is in manufacturing and wholesaling, which have far greater penetration than either retail or services. According to the US Census Bureau, manufacturing e-commerce
Australian online retailers continue to capture a growing share of the revenue pie, with Internet sales now accounting for 6.6 per cent of the national total, up from six per cent this time last year. Total online retail sales reached $A15.25 billion, according to the National Australia Bank. The NAB
Apple has confirmed that it will spend $US3 billion buying Beats — including the Beats Music streaming service — and it will run the business as a separate operation to iTunes. It confirmed the tech sector’s most recent ‘worst kept secret’ overnight. Co-founders Jimmy Iovine and Andre Young (aka Dr.
Australia Post will accelerate its China push and, by extension, the entree of Australian brands into the market by offering an Alibaba shop front on Tmall — underpinned by a suite of free services such as translation and customer support, Which-50 has learned. An announcement is expected as early as
In an age of hyper-connected commerce, Australia’s retail industry urgently needs to consider the scale of its addressable market. At the same time it needs to eliminate superfluous links in supply chains, according to Paul Greenberg, executive chairman of the National Online Retailers Association. He made his remarks at the inaugural
We have a compact with the tech sector. We hand over our personal details, we trust them with the most intimate considerations around our relationships and personal well-being, and we give them our credit cards and bank account details so they can sell us stuff. In return, we expect them
A new study by the e-tailing group reveals that social media and social networking groups deliver less than one per cent of web traffic to US retailers. This is despite heavy investment in the channels. One cautionary note: the study does not measure the impact of advertising on social media
Americans generated $US56 billion worth of e-commerce without even having to get off their ever-expanding derrières in the first quarter of this year, according to comScore. That’s 12 per cent more than the corresponding period last year. This marks the eighteenth consecutive quarter of positive year-over-year growth, says comScore, “and
While online-only operators are regularly touted as the future growth engine of the national retail sector, digital technology also has much to offer traditional bricks-and-mortar businesses. It’s interesting that some in the industry have come to regard physical storefronts as an earnings liability. With high rental payments and operational expenses,
Imagine a market of 800 million hugely empowered consumers. What sort of retailer will that produce?
Anyone who has been there will know this, but the data in Alibaba’s IPO documentation seems to confirm that the commercial impact of online transactions might be profound in China. Despite the astonishing pace of change since Deng Xiao Ping first braved the potential of market-based economics, China has nothing