Latest and Greatest News in E-Commerce World - Summer 2020

Episode 35In this episode, we will talk about the latest and greatest news that is happening in the e-commerce world. Big names in the industry are making noise from Amazon to Walmart and even Shopify. Some of them are suffering, while others are emerging. How will the market play out when the pandemic is all over?Let’s dive into this episode and dig into three articles that Ken and I will dissect to give you a better view of what’s in store for the e-commerce industry.[00:01 - 13:43] Amazon Racing to Remove the Fulfillment BottleneckOpening SegmentWe talked about an article about Amazon's recent struggles with its inventory.Non-essential jobs are unable to performAmazon's inventory is running out of spaceAmazon's IPI metrics impact on the marketWhy We Use Amazon Fulfillment CenterAmazon is one of the best logistics company in the worldThird-party sellers are having a hard time due to capacity increaseAmazon's inability to handle fulfillment is hurting your businessShipments are being delivered but not being checked-in leading to a decrease in the product rankingAmazon is planning to increase its warehouse volume by 50%This is a 100-year assetThis is a very long term bet on the future of e-commerce and the future of fulfillmentIt could help third-party sellers increase their leverage[13:44 - 19:25] Walmart Doubles Marketplace Size in a YearWe talked about an article about Walmart's unprecedented growth after partnering with ShopifyThey are competing with AmazonWallmart has now the opportunity to take advantage of Amazon's strugglesPartnership between Wallmart and ShopifyIt is increasing their marketplace and product portfolioWe talked about challenges and barriersThe harder they are, the less amount of competition you're going to have when you get across.[19:26 - 24:04] Amazon Lost Web Traffic Market ShareWe talked about an article Amazon losing market share as measured by web trafficTop players who are adopting e-commerce remained the sameThird-party sellers are stepping upHow can amazon bounce back?This is only a chink in their armorFinal words from Ken and meClosing SegmentResources Mentioned:Market Place PulseAmazon Racing to Remove the Fulfillment BottleneckWalmart Doubles Marketplace Size in a YearAmazon Lost Web Traffic Market Share------------------------------------------------------------------------------------------www.FiringTheMan.comFacebookYouTubeInstagram Email us --> [email protected] to scale your Amazon business? Click here to book a strategy call.  https://calendly.com/firingtheman/amazon Support the show