May 4, 2018 | Kayla Christianson
With so much going on in ecommerce, it can be easy to miss important news that didn't make it into the moments section of Twitter. So here’s our curation to tune out some of that noise and turn it into information that matters. Along with our monthly Commerce Wrap-up newsletter (you can subscribe to it down below), we’re starting a new series of blog posts to give you the most in ecommerce and emerging technologies.
WHAT'S GOING ON IN COMMERCE THIS WEEK?
WALMART BIDS $15 BILLION FOR STAKE IN FLIPKART
Walmart has been in the news a lot recently after announcing that it was parting with ASDA this week. Walmart has been looking to make a deal with Flipkart for a while, but this week, it was reported that Amazon was trying to swoop in and make a deal. Walmart increased its deal to $15 billion for a 75% stake, and while many sources claim that it’s approved, there are issues that still need to be resolved before it’s finalized. The coming weeks will let us know who wins the war for India's ecommerce experience.
DEEP LEARNING MAKES RETAIL INVENTORY EASIER
Search by photo isn’t new to the fashion retail world, but being able to use this technology for inventory to make it more effective and accurate? Well, that’s different. While this can be used for other segments, fashion retailers have always struggled to know exactly what’s in stock and where it’s located due to the constant hand-changing of people trying items on and not putting items back in the proper places. This could help solve the issue of orderly shelves AND inventory management.
AMAZON LAUNCHES PRIME BOOK BOX FOR CHILDREN
Did you know that Amazon started off as an online book retailer? Probably! But they're going back to its roots with their first physical Prime book service, with a three month interval carrying a price tag of $23 USD. This comes the same week that they reveal that they have over 1 million U.S small businesses selling on their site. The market for e-commerce subscriptions has grown more than 100% a year over the past five years, and Amazon continues to try and find new ways to bring people to Amazon for all their shopping needs.
INSTAGRAM IS TRIALING IN-APP PAYMENTS
While they haven’t announced anything, Instagram is doing a soft-launch of in-app payments. This isn’t surprising given how they have been looking at different ways for businesses to promote themselves with different CTAs and posting formats like the shoppable posts. This feature has been made available to companies in both the U.S. and U.K.
WHAT'S HAPPENING AT SMITH THIS WEEK
- Beyond the Cloud: How Edge Computing Enables Tomorrow's Commerce Experiences
- Air Canada Vacations and SMITH Partner to Reimagine Vacations
If you’d like to discuss these topics further, SMITH can help.
Whether you’re exploring an evolution in your approach to selling by moving to pure ecommerce or a hybrid approach, looking for an edge in operations optimization with augmented reality, or ready to deploy intelligent replenishment for your customers, we can help.