Maximizing profit margins: Understanding total cost of ownership (TCO) in eCommerce platforms
Cross-Border Magazine
by Frank Calviño
17m ago
By Màrius Rossell Rovira - In the fast-paced world of eCommerce, selecting the right platform is crucial for business success. But it's not just about the initial investment; understanding the Total Cost of Ownership (TCO) is key to optimizing profit margins.  What is the TCO? The Total Cost of Ownership (TCO) represents the complete cost associated with owning and maintaining an eCommerce platform over its lifecycle. It encompasses not only the initial purchase or subscription fees but also ongoing expenses like maintenance, upgrades, support, and training. The basic formula is represen ..read more
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Amazon reports a 13% growth in 2024 1Q while it faces a Union uprising in Europe
Cross-Border Magazine
by Frank Calviño
3d ago
Amazon reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. The Seattle-based e-commerce giant said it generated $143.31 billion in revenue in the first three months of this year, a 13% jump from the same period last year. Net income was $10.43 billion, or 98 cents per share. According to FactSet, that soundly beat Wall Street analysts' expectations of 84 cents a share. “It was a good start to the year across the business, and you can see that in both our customer experience improvements ..read more
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2023 was a bad year for German e-commerce
Cross-Border Magazine
by Frank Calviño
3d ago
German e-commerce suffered a considerable decline during the past year, and the low levels of consumer spending significantly reduced the total revenues in Germany in 2023.  Gross goods turnover fell by 11.8% in the full year 2023 to €79.7 billion, compared with €90.4 billion in the previous year. The share of goods e-commerce in total retail (excluding food but including pharmacy revenues) declined to 10.2% last year (in 2022: 11.8%). Recovery momentum in digital services such as vacation bookings or concert ticket sales weakened, with an increase of 12.7% to €12.7 billion (compared wit ..read more
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Is your business ready for the European Accessibility Act?
Cross-Border Magazine
by Frank Calviño
1w ago
The European Accessibility Act is a European Commission directive adopted as law by member countries in 2019. Its purpose is to improve access to products and services for EU residents with disabilities. Enforcement begins June 28, 2025. The EAA applies to many products and services, such as mobile phones, ebooks, and transportation providers. It explicitly includes e-commerce websites. Like the EU’s General Data Protection Regulation, the EAA requires compliance by businesses with Europe-based customers. No matter where it’s located or registered, any e-commerce business with E.U. customers ..read more
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Shein faces more regulations inside the EU
Cross-Border Magazine
by Frank Calviño
1w ago
The European Commission recently announced that Shein, the ultra-fast fashion e-commerce giant, will be subject to additional regulations targeting huge online platforms (VLOPs) under the European Union's Digital Services Act (DSA). Shein has announced that it has consistently surpassed 45 million monthly users in the region, meeting the European Union's threshold to designate huge online service providers (VLOPs) under the DSA. Although fashion was Shein's initial product focus, the e-commerce giant has rapidly expanded its inventory into a broader market, encompassing a growing range of lif ..read more
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Amazon pushes to achieve ‘under 24-hour delivery’ for all its packages in the USA
Cross-Border Magazine
by Frank Calviño
1w ago
Amazon is aiming to deliver within the U.S. in under 24 hours. It is pursuing this goal as a competitive advantage in the face of an increasingly challenging e-commerce scenario in the U.S.  The company said on Monday that nearly 60% of orders placed through Prime in the top 60 U.S. metro areas in the first quarter arrived the same or next day. That is up from roughly 50% in the second quarter of 2023. Investors will be particularly interested in this topic when Amazon reports first-quarter earnings after the close of trading on Tuesday. Wall Street expects the company to post another qu ..read more
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Get ready for the Intelligent Automation Conference North America 2024!
Cross-Border Magazine
by Frank Calviño
1w ago
The Intelligent Automation Conference North America 2024 will be held June 5-6 in Santa Clara, California. Immerse yourself in cutting-edge Intelligent Automation (IA) technologies, exploring key themes such as AI-driven innovation, process optimization, and digital transformation. Connect with industry leaders and peers during engaging networking opportunities and elevate your understanding of IA through thought-provoking presentations by experts, making this conference a must-attend for anyone passionate about the transformative power of Intelligent Automation. Discover the forefront of Int ..read more
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Bleckmann achieves faster fulfillment times with the Kardex AutoStore solution!
Cross-Border Magazine
by Frank Calviño
2w ago
Bleckmann, experts in supply chain management for fashion and lifestyle brands, announces the ‘go-live’ of a new automated storage and retrieval system (ASRS) at its solar-powered fulfillment site in Grobbendonk, Belgium.  The new integrated goods-to-person system is an integrated Kardex AutoStore solution with an automated packing line and provides a streamlined alternative to traditional rack storage. It dramatically reduces inventory footprint while speeding up picking and packing operations. The new system is the latest step in Bleckmann’s automation strategy, which aims to address l ..read more
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Europe's second-hand fashion industry is forecasted to reach US$36,368.10 million by 2034!
Cross-Border Magazine
by Frank Calviño
2w ago
The second-hand fashion industry is on the rise, and it is no longer considered a ‘poor man’s choice. Brands like Balenciaga and websites like Hardly Ever Worn It are pioneering and leading this profitable industry.  In fact, Europe's second-hand apparel industry is estimated to reach a value of US$17,329.90 million in 2024. The momentum is forecast to prevail with a CAGR of 7.70%, taking the valuation to a projected US$36,368.10 million by 2034. Following a Statista report, resale surpassed traditional thrift and donation for the first time in 2023, generating 11.9 billion euros versus ..read more
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CIRRO announces the strategic partnership with GoodZero in carbon offsetting and CSR efforts
Cross-Border Magazine
by Frank Calviño
2w ago
By CIRRO - Amsterdam, Netherlands, April 18, 2024 (GLOBE NEWSWIRE) -- CIRRO, a leading global e-commerce logistics and fulfillment service provider, has joined forces with GoodZero, to decarbonize its operations through projects certified by Gold Standard, The Verified Carbon Standard (VCS) Program, and ISO (International Organization for Standardization). CIRRO, in partnership with GoodZero, is involved in three projects to tackle greenhouse gas emissions: Running Tide (US/Iceland): Aiming to remove carbon from the atmosphere by transferring it to the ocean's depths, mitigating warming and ..read more
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