Issue #93 February 9, 2023 | |
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Photo: Insider Intelligence | |
38 E-Commerce Statistics Of 2023 | |
If you’re looking for a way to boost your sales and take your business to new heights, e-commerce should be on your radar. By pairing a strong web presence with the latest e-commerce tools, you can broaden your offerings, increase your reach and remain open 24/7. These top e-commerce statistics for 2023 are sure to give you a better idea of the power of online sales. | |
Source: Multi Channel Merchant | |
Nearly 90% of Amazon Sellers Report Profitability | |
Even in a difficult market, Amazon sellers appear to be doing well collectively on the number-one online marketplace, with 89% of them reporting profitability at the start of 2023, while 37% say their net income is up from a year ago, according to an annual report from Jungle Scout.
Of the enterprise sellers responding to the survey — those with $2 million or more in annual sales — 58% of them reported revenue above $250,000 a month, while 21% were making more than $1 million per month.
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Online grocery sales projected to grow 11.7% over five years | |
Online grocery sales in the U.S. will grow at a compound annual rate of 11.7% during the next five years, according to the 2023 Brick Meets Click/Mercatus Five-Year Grocery Sales Forecast.
The growth will result in online grocery increasing its share of total grocery sales to 13.6% in 2027, up from 11.2% in 2022, the survey projected.
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The history and evolution of the fintech industry | |
The financial technology (fintech) industry has its roots in the late 20th century, with the advent of electronic banking and online stock trading. Since then, fintech has expanded and changed over time as a result of technological and internet advances. As a result, new financial services and products have been created with the intention of enhancing accessibility, simplicity, and effectiveness in the financial services industry. | |
ChatGPT: How an AI chatbot could change the face of online retail | |
Concerns are rapidly growing over the capabilities of OpenAI’s chatbot, ChatGPT, which can answer questions in an alarmingly quick fashion with a very respectable degree of accuracy.
The chatbot marks probably the biggest breakthrough in artificial intelligence (AI) with regard to everyday applications, and in doing so, poses the largest threat to the job market so far.
Since its launch as a prototype in November 2022, ChatGPT quickly gained attention from academics for its ability to write copy at speed in a conversational manner, threatening the authenticity of the education sector.
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3 Top E-Commerce Stocks to Buy in February | |
Despite relatively muted volatility in the stock market recently, the past few years in the market have been emotionally volatile. Given the beatdown growth investors had in 2022, many are now looking for reliable businesses with staying power and long-term growth potential. E-commerce stocks provide strong long-term growth prospects, given the secular trends that have supported the rise of industry juggernauts such as Amazon over the past two decades. | |
4 Ways Fintech Changed Business Financing | |
Technology has changed how we function. It has rapidly expanded the nature of how we connect and work together globally.
Businesses and business financing aren’t the exceptions to this. Financial technology has changed the way small- to medium-sized businesses access capital that, before now, they traditionally had less access to, opening doors for these businesses to further grow.
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