Paul Palmieri was looking at various direct-to-consumer startups as possible investments for his venture capital fund when he decided the e-commerce economics didn’t add up.
“I definitely saw a lot of opportunity to invest in direct to consumer brands, but every time we would get close, we would look at it and say, gosh, the numbers are somewhat broken,” he said.
While the sales potential is great, the fees brands pay to what Palmieri calls the ecosystem of e-commerce enablers—for advertising, for keywords, for warehousing, for fulfillment—are destroying margins.
So instead of investing in a DTC brand, Palmieri decided to invest in starting a company that would help brands large and small master the new math of e-commerce.
The company, Tradeswell, emerged from stealth mode last week after beta
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.
Opinions expressed by Entrepreneur contributors are their own.
Technological innovation and process optimization are booming. Changes and restrictions in physical interaction since the pandemic have forced companies to change the way they operate and do business, the recent McKinsey & Company survey “What 800 executives envision for the postpandemic workface ” conducted of executives of companies around the world, shows that a third of companies have accelerated the digitization of their supply chains, half have accelerated the digitization of their customer service channels, and two-thirds have more quickly adopted artificial intelligence and automation.
Undoubtedly, the pandemic has shown us that the digitization of companies of any size is necessary and that being prepared and being able to adapt quickly is essential. There has been an important
It’s no secret that the retail industry has undergone one of the most drastic transformations throughout the pandemic. Companies within the field have seen ups and downs, but one branch of the retail space has seemingly only realized upside: eCommerce. But by how much did companies like Amazon, Wayfair, and Carvana really affect consumer spending?
While many mourned the loss of traditional brick & mortar outlets, the silver lining (especially as social distancing becomes the new normal) is the opportunity to shop for the same items in a more modern fashion. eCommerce delivers this new platform to consumers around the country, and has realized unprecedented success as “consumers have reduced spend at restaurants, bars, travel, concerts, etc.”
In their 4th annual eCommerce study, analysts at Cowen found that the sector “outsized growth of “+48% y/y in ’20,” and subsequently raised their total US eCommerce growth estimate by “~28-31% annually ’20-24
RESTON, Va., Oct. 7, 2020 /PRNewswire/ — ORock® Technologies, Inc., a hybrid cloud service provider, announced today the availability of five solutions available on CyberXchange, the innovative new ecommerce marketplace dedicated to cybersecurity and compliance. For the first time, CIOs, CISOs and IT professionals can find and buy ORock’s solutions mapped to the major cybersecurity frameworks such as SOC 2, PCI, CMMC, and NIST bringing unprecedented visibility and efficiencies in addressing cybersecurity requirements.
Built on CyberXchange’s proprietary mapping engine and AI platform called Harmony, ORock’s solutions are available now at: cyberxchange.apptega.com/company/orock-technologies.
According to a recent study by PwC, 91% of all enterprises are following at least one cybersecurity framework, which mandates hundreds of requirements to quickly satisfy by sorting through a flood of 5,000+ disjointed security products and services currently on the market. Until CyberXchange, there was no easy way to find a product or service mapped to
WOBURN, Mass., Oct. 06, 2020 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ:BLIN), a provider in cloud-based digital experience software, announced today that PNY Technologies has launched its next generation eCommerce site on the Bridgeline Unbound Platform.
PNY has been a premium provider of consumer electronics for over 30 years – serving consumers, professionals and OEMs worldwide. The company’s product portfolio consists of a broad assortment of Flash Memory Cards, USB Flash Drives, Solid State Drives, PC Memory Upgrades, Cables, NVIDIA® Graphics Cards, HP Flash Memory Products and PNY GPU powered servers and workstations. Delivering solutions in over 50 countries, the company’s digital imaging, mobility, computing, gaming and business solutions are widely available from major retailers, e-tailers, system builders, wholesalers and distributors internationally.
PNY selected Bridgeline to architect, design and implement an improved customer experience on Unbound Commerce Core – a common framework of pre-built, mobile-friendly, flexible templates and modules. This
Technavio has been monitoring the global retail e-commerce software market size and it is poised to grow by USD 3.38 billion during 2020-2024, progressing at a CAGR of over 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005470/en/
Technavio has announced its latest market research report titled Global Retail E-Commerce Software Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000
The Lobby, an online marketplace where influencers post shoppable videos reviewing clothing and accessories, made its national debut on Tuesday.
Founder Abigail Holt described The Lobby as “QVC meets TikTok,” with a particular focus on buzzy direct-to-consumer brands, including Solid and Striped, Girlfriend Collective, and Lunya.
“Immediately we knew we needed to be more bullish on video because consumers want video,” Holt said. “We sensed people needed and wanted normalcy and connection … and thought a lot about how do we recreate that feeling.”
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In a world that now runs entirely on streaming platforms, The Lobby is hitching its wagon to video commerce as the next big big trend in online shopping.
The Lobby — a digital marketplace described by founder and CEO Abigail Holt as “QVC meets TikTok” — rolled out nationally on Tuesday, bringing its feed of influencer-produced shoppable videos to
(Bloomberg) — A flurry of big-ticket gaming, e-commerce and telecoms announcements has focused the attention of tech investors on an unlikely destination: Poland.
Arguably better known for defending its smokestack industries from European Union climate goals, Poland has quietly developed a number of growing tech companies.
This month’s initial public offering by online marketplace Allegro is the biggest ever in Warsaw and worth as much as $2.7 billion. CD Projekt SA, Europe’s second-biggest biggest gaming company, plans to release its make-or-break futuristic Cyberpunk 2077 game in November, already dubbed as the most awaited launch this year. Mobile games producer Huuuge Inc. and People Can Fly SA, a studio that helped make Fortnite, also plan to list shares in Warsaw later this year.
While European governments have repeatedly tried and failed to create the continent’s own version of Silicon Valley, Poland’s digital remake is fed by local IT talent, an upwardly-mobile
While we await the National Retail Federation’s holiday retail forecast – which will come any day – Deloitte and Forrester are out with their predictions for holiday 2020 and year-end.
Big Four accounting firm Deloitte has a “glass half full” view, expecting a rise in holiday retail sales between 1% to 1.5%. On the other hand, market research firm Forrester looks and sees the glass half empty, with retail sales declining 2.5% for the full year.
Despite their differing forecasts, both firms are firm about one thing: this will be the year when online shopping explodes.
Online growth off the charts
Forrester sees online retail growing 18.5% this year, so that it will reach 20.2% overall penetration in