September 10, 2016
This week we begin by looking back at the effect of the uncoupling of one of the most successful dot.com pairs of the recent decades —eBay and Paypal. Currently, there is a silent outrage about counterfeiting on the eBay and Amazon marketplace which has lead to the loss of an estimated 750,000 U.S. jobs and costs U.S. businesses over $250 billion annually. Which is why a Chicago startup, 3PM Marketplace Solutions, makes so much sense, but more on that later.
In other news, Amazon's been busy. It's cut its delivery times to rival its competitors while at the same time, launched a restaurant delivery service in London for its Amazon Prime customers. In addition to all that, it's changed the tracking rules of small, light-weight items.
As the eCommerce world grows by the minute, the consumer packaged goods market is expected to surpass a whopping $10 billion in online sales for the first time in history!
As eBay says Goodbye to PayPal, Challenges Loom | SiliconValley.com
As one of the greatest dot.com pairs split two months ago, it appeared as if eBay would benefit from the split, but weirdly enough, it was Paypal. Yes, eBay is the one that bought Paypal, but Paypal eventually grew big enough to ease eBay's woes and bad decisions along the way.
Now with no partner to fall back on, eBay has had to rediscover and reinvent itself—which will hopefully lead to new success.
According to The Counterfeit Report, the sale of counterfeit and fake products on sites such as Amazon.com Inc. and eBay Inc. destroys an estimated 750,000 U.S. jobs and costs U.S. businesses over $250 billion annually. Amazon and eBay remain at the center stage of counterfeiting and not enough is being done by them to ease the problem. Even with eBay's stringent guidelines and Amazon's near-weak policies, the problem still persists.
Amazon has launched a restaurant delivery service in London for its Amazon Prime customers. The eCommerce giant insists that there are no menu markups or hidden service fees, and delivery on all orders is free with a minimum order of £15.00 for Prime members. People who pay to enjoy a good number of perks on Amazon.
What is yet to be seen is how Amazon Restaurants will affect the courier space which already has unique brands such as Deliveroo and UberEats.
The consumer packaged goods market is expected to surpass a whopping $10 billion in online sales for the first time in history! This is according to 1010data’s new study. According to the research firm, online sales of consumer packaged goods jumped up by 42 percent in the first half of 2016 compared to the same period a year ago.
Starting October 12, Amazon will require a tracking on small and light items priced over $10 USD (including shipping). It is a shift from the previous policy which didn't require tracking for any items that fit in a USPS Standard Mail envelope or First Class Mail envelope. So what does this mean for merchants?
It's going to mess up merchants who previously shipped for around $0.50 because they will now face a cost of $2.60 for parcel prices.
Amazon is speeding the delivery of USB cables, smartphone screen protectors, cosmetics and other small, flat items in a bid to rival its biggest competitors in overseas shipping. Such items would now be delivered to Amazon Prime members within five business days, down from eight previously. Definitely a step forward in the competitive world of eCommerce.
This Startup is Monitoring eBay and Amazon with AI to Spot Counterfeits | Built in Chicago
As the problem of counterfeiting looms over the eCommerce world, one startup is out to save the day. Chicago startup, 3PM Marketplace Solutions, makes use of machine learning algorithms that spot counterfeits and help companies understand how customers are coming across their products. Just what is needed in the industry!