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Singapore wants to be an e-commerce hub as Asia’s digital economy grows
Singapore wants to be an e-commerce hub as Asia’s digital economy grows
BMA E-Commerce | E-Commerce | 2021.07.20
KEY POINTS As the pandemic reshapes consumer behavior worldwide, more and more people in the region are shopping online and Southeast Asia’s digital economy saw significant growth. Covid-19 has accelerated the online retail boom, and the city-state is well positioned to drive this trend forward, said Ben King, country director at Google Singapore. Still, Singapore faces a skills shortage・・・
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As billions flow into a crowded online grocery market, a wave of consolidation could be on the way
As billions flow into a crowded online grocery market, a wave of consolidation could be on the way
BMA E-Commerce | E-Commerce | 2021.07.19
KEY POINTS Venture-backed grocery companies have already raised over $10 billion so far in 2021, according to data from Pitchbook. In Europe, several “dark store” start-ups now promise to deliver groceries in as little as 10 minutes. The market is becoming increasingly crowded, and some experts say a wave of consolidation is fast approaching. LONDON — Start-ups promising・・・
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Amazon sets a new tone as Jeff Bezos era comes to an end
Amazon sets a new tone as Jeff Bezos era comes to an end
BMA E-Commerce | E-Commerce | 2021.07.18
KEY POINTS Amazon on Thursday added two new entries to its set of 14 leadership principles, including “Strive to be Earth’s Best Employer” and “Success and Scale Bring Broad Responsibility.” The additions reflect the challenges that lie ahead as CEO Jeff Bezos prepares to step down from his role on July 5. Amazon on Thursday added two new entries to its vaunted “leadership・・・
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Rise in online payments spurs questions over cybersecurity and privacy
Rise in online payments spurs questions over cybersecurity and privacy
BMA E-Commerce | E-Commerce | 2021.07.17
KEY POINTS As more and more consumers embrace new methods of payment on e-commerce sites, questions over cybersecurity have become even more critical for businesses. In a Mastercard survey on new payments, a majority of consumers polled said they were willing to consider cashless methods such as digital or mobile wallets, QR codes and even cryptocurrencies. Threats over cyber security・・・
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Amazon’s carbon emissions rose 19% in 2020 even as Covid-19 pushed global levels down
Amazon’s carbon emissions rose 19% in 2020 even as Covid-19 pushed global levels down
BMA E-Commerce | E-Commerce | 2021.07.16
KEY POINTS Amazon’s absolute carbon emissions grew 19% year-over-year in 2020, even as global greenhouse gas emissions dropped sharply due to the Covid-19 pandemic. The company cited the pandemic-fueled boost to its business as a primary driver of the increase in carbon emissions. Amazon’s carbon emissions climbed 19% last year, even as the Covid-19 pandemic spurred a sharp drop in・・・
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Retailers face the challenge of last-mile delivery as online shopping grows
Retailers face the challenge of last-mile delivery as online shopping grows
BMA E-Commerce | E-Commerce | 2021.07.15
KEY POINTS To seize future opportunities, e-commerce companies need to build on infrastructure that support their businesses, said James Root, senior partner and chairman at Bain Futures. When Singapore imposed a “circuit breaker” or partial lockdown at the peak of the Covid-19 crisis last year, it laid bare the delivery and logistical challenges that e-commerce companies・・・
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