E-Commerce News Roundup – November 2022
Thanks to the eCommerce sector, the automated material handling equipment industry is flourishing. Fact. MR.
Market Outlook for Automated Material Handling Equipment (2022-2032) The market for automated material handling (AMH) equipment is estimated to be worth US$ 46 billion in 2022 and US$ 91 billion by 2032, growing at a 7% CAGR during that period (forecast period) Automated material handling equipment helps with resource allocation, flow and process management, production planning, forecasting, inventory control, and after-sales support and services. Businesses may manage a huge volume of repetitive material movements with Automated Guided Vehicles (AGV), increasing output.
Shopify exceeded expectations this quarter, suggesting that the slowdown in e-commerce may not be as severe as analysts believe. Reuters.
Shopify Inc. reported a smaller-than-expected loss and above projections for quarterly revenue. As a result of the findings allaying investor concerns regarding a decline in demand that destroyed more than three-quarters of market value this year, the company’s U.S.-listed shares increased by nearly 18%. The pandemic-driven e-commerce boom has peaked, and the Canadian company has shifted to offering offline payments and other services. Shopify anticipates that gross merchandise volume (GMV) will “outperform” the overall retail market over the Christmas quarter.
A new program is started by USPS to support small businesses. USPS.
USPS Chief Customer and Marketing Officer Steve Monteith address the Delivering for Main Street project with the Postal Service’s business lead development professionals.
The Employee Engagement Lead Generation Program seeks to boost the expansion of regional small businesses by enticing all employees to explore fresh sources of income and submit sales leads.
When small businesses use Click-N-Ship to buy Priority Mail and Priority Mail Express services, the USPS Loyalty Program rewards them with credits.
The program was presented last month at a symposium for experts in business lead generation.
Updates on Amazon FBA and referral fees. Amazon.
On November 17, 2022, the message listed below was sent to Amazon selling partners.
Visit the following for additional details: Definitions of Fee Categories We added a Fuel & Inflation Surcharge to our FBA rates earlier this year in response to expense hikes that we thought might only be temporary.
The summary that follows reflects these modifications.
The new policy will be in place starting on February 16, 2023.
Peak storage rates (October to December) for our non-sortable network will go up by $0.20 per cubic foot, but they won’t change for our sortable network.
We want to thank you once more for your ongoing collaboration with us and the investments you have made so that we can continue to serve our customers through 2022, 2023, and beyond. Please accept our sincere appreciation and best wishes for a happy, healthy, and profitable holiday season.
Online sellers are subject to new tax regulations. CNN.
The process of filing your taxes the following year could be a little more challenging than usual if you get payments via sites like Etsy or Airbnb, and apps like Venmo or PayPal.
Previously, those platforms were only required to send you a 1099-K if you engaged in more than 200 business transactions and were paid a total of more than $20,000 for them.
People who are receiving 1099-Ks for the first time will need to determine how much of the reported amount is actually taxable and how much represents payments that might be considered deductible business expenses, such as money paid to the payment service or credit given to the company, according to Walker.
Finally, none of the transactions carried out through Zelle are subject to the 1099-K reporting requirement.
The company stated in a statement earlier this year that Zelle “facilitates messages between financial institutions, but does not maintain accounts or handle fund settlement.”
Giving options to nearby nonprofits is provided via Walmart.com and the Walmart app.
This week, Walmart made the announcement that they will be introducing a brand-new charitable initiative as part of their Spark Good Initiative over the holiday season. The program works with neighborhood groups to improve the areas where Walmart operates. They want to provide up to $5 million to regional NGOs this year.
What is the excitement?
Walmart is allowing shoppers to round up their purchases and give the difference to their preferred local charity from November 25 until Christmas.
Only the Walmart app or Walmart.com are compatible with the system. Then, if the NGOs receive 20 or more donations, Walmart will match the gifts and award $1k grants to more than 3,000 organizations around the nation.
Why should merchants care about this?
In several marketplaces, round-ups are evolving into a well-liked shopping cart option. The advantage of putting it immediately to the checkout is available to Shopify stores, but on other platforms it may be more challenging.
However, it’s easy to develop a “give-back” campaign with your business whether you’re on Etsy, eBay, or Amazon. A financial amount can always be matched to your sales figures. The idea is… This is a wonderful time of year to contribute, and we want to urge you to do the same and help your company at the same time.
In conclusion
Giving is ingrained in our DNA, and it’s obvious that our consumers feel the same way. With this $5 million campaign, we’re not only amplifying our customers’ charitable contributions through grants and matching donations, but we’re also providing them the opportunity to specify where they want the money to go. — Erin Hogue, senior director of employee and customer engagement at Walmart.