In 2012, a Los Angeles start-up named Club W set out to help millennials find and buy decent wine on the internet. With bottles from a few boutique vintners, a slick web platform and a simple recommendation algorithm, the company had a propitious plan.
Retailers still celebrating their strongest holiday sales in years now face the less-pleasant task of disposing of billions of dollars in returned merchandise.
The parcel industry is projected to grow 9 percent annually to more than $343bn globally by 2020, according to Accenture, thanks to the increase in e-commerce orders, which are forecast to surpass $600bn by 2021 in the US alone. Parcel carriers are challenged in this era of explosive e-commerce growth to maintain historic profitability as the number of stops per delivery and the size of packages increase, while customer expectations for speedier deliveries continue to heighten. -Dan Clark, Founder and President, Kuebix
E-commerce has disrupted retail to an extent that it is now the new "traditional" channel and the future of retail is omnichannel. The retail industry is going through an upheaval. Thousands of stores have closed, over 4000 net-new stores opened in 2017. Large department chains are closing stores while discount retailers and specialty businesses have opened many. Online-first retailers are setting-up physical stores while brick-and-mortar retailers are moving online. All these retailers are investing in technology to survive and grow. -Ashwin Ramasamy, Co-founder/CMO, and Shrikanth Jagannathan, Co-founder/Chief Data Scientist, both of PipeCandy
In 2012, a startup named Club W set out to help millennials find and buy decent wine on the internet. With bottles from a few boutique vintners, a slick web platform and a simple recommendation algorithm, the Los Angeles-based company had a propitious plan.
The world’s biggest container shipping line is trying to stop customers like Amazon.com Inc. and Alibaba Group Holding Ltd. from becoming competitors in just a few years’ time.