Leading eTail Technology provider Baynote has just released a report that states mobile commerce outpaced traditional ecommerce channel by a huge margin. 1 in 10 ecommerce dollar spending is estimated to have come through a mobile device. A staggering $5B was estimated to have been transacted via mobile commerce in Q2 2013.
Online sales recorded by Alibaba’s TMall crossed 5b USD on 11/11 or cyber Monday. This far outstripped the total online spending in the US on a single discount day.
A recent eMarketer study forecasts the global eCommerce market to hit 1.2T USD growing at an annual rate of 17%. During the same periods eCommerce in Asia is expected to grow at 33% according to the report.
IBM’s Websphere Commerce has been consistently ranked as an industry leader in the Forrester B2C wave for many years in a row. For the first time, Forrester has published a B2B eCommerce vendor analysis based on 66 different criteria and listed 7 top vendors. IBM tops the list followed by SAP/Hybris, Insite, Intershop, Netsuite and Oracle.
India is notorious for its stone age logistics infrastructure . From roads to transportation to warehousing, India needs a massive overhaul to meet the demands of a rapidly growing consumer base.
In spite of a weak overall economic climate , the Indian logistics industry recorded a steady growth in the first half of 2013 and is expected to do so in the coming year as well. The reason for this growth is attributed to the growth in eCommerce-lead purchasing.