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Businesses are transforming from conventional to eCommerce. The US will need an additional 1 billion square feet of warehouse spacing to fulfill the growth of eCommerce. According to the recent reports, the need for fulfillment centers is driving 50 percent of industrial transactions today, whereas it was 35 percent before the pandemic. According to the sources, With the growing time and technology, eCommerce sales in the US have amounted to $602 billion in 2019, whereas…

The Pandemic Is E-commerce Time To Shine. But For How Long? The coronavirus pandemic has lasted just over two months across most of the world and already it has destroyed some esteemed giants of the retail world. If we talk about the U.S then, in the United States, several large retailers including luxury retailers like Neiman Marcus have shown the signs of strain and even worse than it is now declared bankrupt. And on the…

Online retail offers little hope for vendors during COVID-19 in Pakistan KARACHI: Online retail offers little hope for vendors during COVID-19 in Pakistan. Karachi, the largest city of Pakistan, is home to a vast informal economy and was once a land brimming with opportunities for enterprising individuals. Its social fabric comprises a large multi-cultural population, including vendors and retailers from across the country, working in the formal as well as the informal sector, who would…

ISLAMABAD: Daraz launches country’s first e-commerce index. Pakistan’s first e-commerce index was launched at an online event, hosted by Daraz, showing an increase in digital payments and growing demand for online shopping. Federal Secretary for IT and Telecommunication Shoaib Siddiqui attended the event. The purpose of the index is, not only providing insight about consumer behavior online amid the Covid-19 pandemic, but to also help stakeholders linked with the e-commerce industry, understand the online shopper.…

Pakistani firms move towards tech solutions amid COVID-19 pandemic KARACHI: The trend of using cloud-based solutions among Pakistani companies is picking up pace amid the coronavirus pandemic. Pakistani firms move towards tech solutions amid the COVID-19 pandemic. “Utilisation of cloud-based computing is 10 times higher than three years ago,” said SAP Pakistan Managing Director Saquib Ahmed during an online roundtable meeting with the media. He said the usage of technology by companies had changed in…

Do you want to know 10 Tips for Optimizing your Website for Ecommerce? When you’re selling online, the look and feel of your web store is extremely important, as it’s likely to be the first impression of your brand for the customer. If you’re a digitally native brand, it’s one of the few opportunities you have to interact with your customer! Brick-and-mortar stores have the whole physical experience to offer. Customers can see displays, feel…

Online grocery sales grow 33% in 2020 as shopping habits shift permanently Where global retail is struggling under a new regime of consumer behaviour, online grocery shopping is booming with the sector set to grow 33% in 2020 to reach an estimated value of £16.8 billion, up from £12.7 billion in 2019. Online grocery sales grow 33% in 2020 as shopping habits shift permanently. This rise follows four consecutive years of slowing growth: in 2019…

Introducing new tools and resources for creators on Pinterest. People are turning to Pinterest more than ever in search of inspirational content to help them adjust to the “new normal” way of life during the coronavirus pandemic. Creators and businesses have always been at the heart of the Pinterest community and they are responding by tailoring their content for timely and creative ideas like how to live in isolation, caring for family, working remotely, exercising…

How IoT Changes the E-Commerce Industry? Online commerce is now the primary way of selling and buying products. In the middle of social distancing, the number of online shoppers is growing. Many companies are forced to look for new ways of achieving their strategic goals. What Does the Future Hold for the e-Commerce Industry? The role of technology in the e-commerce industry should not be underestimated. Pervasive implementation of the Internet of Things is predicted…

Islamabad: State bank of Pakistan granted EMI license to Sadapay. SadaPay has announced that it has been granted the in-principle approval by the State Bank of Pakistan (SBP) for an Electronic Money Institution (EMI) license. This approval allows SadaPay to ready its operations for the pilot phase, during which the digital wallet will be available on a limited scale, under supervision of the regulator. The startup is founded by American serial entrepreneur Brandon Timinsky, who…