The lead story this week is "Embracing Composable MACH Architecture When Replatforming Retail Ecommerce" a McFadyen Digital blog article about the importance of considering a MACH-based composable approach when seeking to re-platform a retail ecommerce site. The post Ecommerce & Marketplaces Newsletter – July 19, 2024 first appeared on McFadyen Digital ..read more

Our lead story in this latest edition of the Ecommerce & Marketplaces Newsletter sees McFadyen Digital reacting to Euromonitor International’s recent “Retail Reinvention: A Framework for Future Growth,” report, calling out key findings The post Ecommerce & Marketplaces Newsletter – July 12, 2024 first appeared on McFadyen Digital ..read more

In this edition of Ecommerce & Marketplaces Newsletter, we call attention to a blog by Tom Gaydos, CMO of McFadyen Digital in which he recaps the Mirakl Summit NYC event where many industry leaders and innovators gathered to explore the future of multi-vendor digital commerce. The post Ecommerce & Marketplaces Newsletter – June 28, 2024 first appeared on McFadyen Digital ..read more

The retail landscape for retail digital is constantly shifting, with consumer expectations higher than ever, heightened by an increased reliance on digital shopping has taken hold in a post-pandemic world. According to a recent report by Forrester, companies that replatform every three to five years see a 30% increase in customer satisfaction and a 25% increase in conversion rates. This underscores the necessity for retailers to periodically evaluate and upgrade their ecommerce platforms to stay ahead of the curve. Replatforming is more than just a technical upgrade; it’s a strategic move that ..read more

The retail landscape is undergoing a profound transformation, driven by digitalization, evolving consumer expectations, and the emergence of new business models. Euromonitor International’s report, in conjunction with the National Retail Federation, titled “Retail Reinvention: A Framework for Future Growth,” provides invaluable insights into these changes, highlighting the opportunities and challenges for retailers aiming to thrive in this dynamic environment. The Report Figure 1 is from the Euromonitor International Report, “Retail Reinvention: A Framework for Future Growth” and demonstrates ..read more

The B2B ecommerce market is expanding at an unprecedented rate, with global sales expected to reach $20.9 trillion by 2027, up from $14.9 trillion in 2020​ (Payback Group)​. This explosive growth underscores the importance for manufacturers and distributors to stay ahead of the curve by upgrading their ecommerce platforms. For many, this means confronting the challenge of re-platforming from an aging system that has been heavily customized over the years. Despite the significant investments already made, the limitations of outdated technology are becoming increasingly apparent. Modern ecommerc ..read more

In this edition of Ecommerce & Marketplaces Newsletter, we feature a blog from Tom Gaydos, CMO of McFadyen Digital, where he covers the fact that many businesses are considering launching their own online marketplace to expand their reach and increase revenue. If you don’t have a strategy to participate in a marketplace as a B2B corporation, now is the time. In this article, BCG discusses how early movers will find it easier to “win” both sellers and buyers. This can lead to significant network effects, creating a positive feedback loop where initial growth fuels further expansion. In thi ..read more

Introduction The 2024 iteration of Mirakl’s Summit in New York City marked an immediate highlight to the digital commerce calendar, with McFadyen Digital proudly serving as a Titanium sponsor of both the event and the welcome party. Mirakl, the premier enterprise online marketplace and drop ship platform, has seen its summits grow and evolve, becoming a cornerstone for insights and strategies for online marketplace and drop shipping success. This year’s summit brought together industry leaders and innovators to explore the future of multi-0vendor digital commerce. Event Program Highlights Mir ..read more

The online marketplace model’s flexibility and scalability have made it a dominant force in ecommerce. According to Digital Commerce 360, 2024 saw the top 100 global online marketplaces are projected to achieve a total Gross Merchandise Value (GMV) of $3.832 trillion,demonstrating remarkable growth from $2.67 trillion in 2020. Moreover, these online marketplaces, including giants like Amazon, Tmall, Taobao, and JD.com, commanded 77% of the top 100 marketplace sales in 2023. Notably, third-party sellers on Amazon captured a substantial share, earning $0.54 for every dollar spent by shoppers ​ac ..read more

In this edition of Ecommerce & Marketplaces Newsletter, we provide a summary of TheNTWK Summit 2024 event where Peter C. Evans (CSO McFadyen Digital), Tom McFadyen (CEO McFadyen Digital) and Alex Pesjak (VP of Europe – Strategy) among many others delve into various topics related to innovation at its best in each of their sessions. Marketplace Pulse covers Shopify’s almost-marketplace Shop app that is approaching a $1 billion GMV run rate. The eCommerce industry has low barriers to entry. This means that anyone who wishes to sell online can enter the industry. However, these low barriers ..read more