🌀 Marketplace ecosystem bundles🛍️

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Marketplace ecosystem bundles🛍️

• 83% of consumers express interest in use of a single app for all their digital services (Accenture's "Reinvent for Growth" survey)

• Accenture predicts consumer spending through those bundles to reach $3.5 trillion by 2030.

• Players from BigTech to Big Retail heavily invest in streaming, gaming, and livesports to build such bundles

  • Amazon's Prime membership and Apple's AppleOne subscription offer free shipping, grocery delivery, video & music streaming, and more.

  • Walmart & Reliance Retail Jio are also expanding into streaming, news, music, payments, devices, education, health, and financial services.

  • This bundle strategy extends beyond big players, as seen with Empik, a Polish retailer, following a similar path.

• Seller bundles are just one side of the coin; marketplaces can offer similar bundles to sellers.

• According to Packhelp study:

  • 72% of merchants express interest in shipping solutions.

  • 67% are interested in product listing optimization.

  • 65% desire dedicated packaging solutions.

  • 61% seek fulfillment services.

  • 61% express interest in retail media.

• While some marketplaces lead with selected services, comprehensive seller bundles have yet to be created.

• Current seller services target merchant experience, paid value-added services, and operations optimisation across such areas as offer management, automated/connected commerce, and packaging

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Retail & ecom innovation leaders profiles💡

• Research from BCG and the World Retail Congress reveals Innovative retail leaders invest more in creative endeavors and gain higher returns.

  • Retailers meeting criteria for innovation leaders invest 13% of annual revenue in innovation.

  • They achieve a 21% ROI, whereas retail laggards invest only 3% of revenue and earn a 9% ROI.

• Leaders prioritize investments in three key areas:

  • Operational improvements (71%)

  • Big data, AI, and analytics (58%)

  • E-commerce (60%)

• Within e-commerce, priorities include investing in:

  • Retail media networks (44%)

  • Marketplaces (42%)

  • Social commerce (39%)

• Innovation leaders adopt a bold approach:

  • They shift customer expectations rather than follow trends.

  • They accelerate activities by collaborating with third parties and acquiring capabilities.

  • They invest in multiple initiatives simultaneously.

🇺🇸 TikTok's has 270 days before Biden's ban becomes law. Bytedance, its owner, may contest in court, sell, or shut TikTok down in the US

🇺🇸 Amazon scales down California drone project. Amazon discontinues its drone delivery service in Lockeford, CA, shifting focus to a new facility in Tolleson, AZ

🇲🇽 Amazon and Mercado Libre face probe. As streaming costs rise, Mexico's COFECE (Mexico The Federal Economic Competition Commission) scrutinizes Amazon and Mercado Libre for potentially anti-competitive loyalty bundles, hinting at consumer impacts.

🇮🇹 Amazon hit with $10.6M fine in Italy for default recurring purchase options, affecting consumer freedom. AGCM (Italian Competition Authority) criticizes Amazon's design, pushing unwanted subscriptions.

🇩🇪 Lufthansa Cargo expands with Temu. Lufthansa Cargo prepares to launch a dedicated route from Frankfurt to Zhengzhou for Temu, with 777F flights thrice weekly, responding to the surge in demand.

🇰🇷 AliExpress beefs up South Korea's arm with $24.2M, marking the largest capital boost since its 2023 setup.

🇺🇸 Cart.com boosts Walmart Marketplace growth and eases seller onboarding to boost sales via advanced multichannel management tools.

🇬🇧 TikTok Shop brings secondhand luxury to the UK, a move that follows its successful venture in the US since 2022, where it has already sold over $1 billion worth of products.

🇬🇧 Ebay launches UK livestream shopping. Ebay hosts its 1st UK livestream shopping event on May 1, featuring Katherine Ryan’s pre-loved fashion items.

🇪🇺 Shein in Hot Water with EU. Shein has to fight counterfeit goods within 4 months under the DSA.

🇺🇸 StockX debuts new Apple Vision Pro shopping app , featuring 3D sneaker showcase, live market data, and 'Shop the look' feature.

🇫🇷 Vestiaire Collective reveals "price per use" statistics. For instance, a coat from Vestiaire Collective costs €1.62/use, compared to €4.83 for fast fashion. The study indicates pre-owned luxury is three times cheaper.

🇬🇧 Primark boosts UK sales. Primark sees a 7.5% surge in H1 revenue to $5.6bn (£4.5bn), driven by new store openings and increased selling space. Plans are underway to expand its Click and Collect initiative across the UK, aiming for nationwide coverage by 2025.

🇺🇸 Rebag launches membership program to grow sales. Rebag launches Rebag+, charging $50/month or $500/year, converting into store credit, with perks like free shipping and returns.

🇺🇸 Amazon launches US grocery subscription. Amazon unveils a $9.99/mo grocery subscription for Prime users, $4.99/mo for EBT cardholders. Free delivery on orders over $35.

🇩🇪 Getir exits Germany, Investor triggers pullout. Getir, once valued at $7.5 billion, faces closure as its key investor withdraws support. A potential merger with competitor Flink is on the table.

🇫🇮 Wolt launches Double Order, letting customers order from two places at once with one delivery fee.

🇮🇳 Zomato's Blinkit Outshines Core Business. Blinkit, Zomato's quick commerce unit, valued at $13B, now eclipses the core food delivery valued at $11.4B.

🇸🇪 HelloFresh launches meal service in Sweden & Denmark. Following success in the US, Canada, Netherlands, & Belgium, this move expands the ready to eat sector in Europe, reflecting HelloFresh's global brand strategy.

🇮🇳 Swiggy Seeks $1.25B in IPO After Approval with new shares at $450M and existing shares at $800M.

🇰🇪 Glovo, Uber Eats Open Offices in Kenya. Kenya's CAK mandates Glovo, Uber Eats to open offices following delays in complaint resolution, amidst growing customer dissatisfaction.

🇺🇸 Alibaba.com revolutionizes US SME logistics. Alibaba.com launches Logistics Marketplace, offering affordable solutions for US SMEs to streamline supply chains.

🇸🇪 Klarna's game-changing partnership with Uber!. Klarna joins forces with Uber in the USA, Germany, and Sweden, introducing the groundbreaking "Pay Now" feature, aligning payments with salary cycles.

🇪🇺 EU adopts new rules to reduce packaging waste . New EU rules aim to reduce packaging waste with targets set for reduction and recycling. By 2030, certain single-use plastic packaging will be banned. The regulation emphasizes reuse, refill options, and recycling to build a circular economy.

🇪🇺 EU-Parlament passes Right to Repair & Eco-design Law. EU-Parliament approves Right to Repair directive, expanding repair rights to smartphones, tablets, appliances. Manufacturers required to offer repairs during 2-year warranty, extendable by 1 year. Consumers to benefit from transparent repair costs.

🇺🇸 BigCommerce unveils 100+ updates, enhancing B2C and B2B experiences with new features like Catalyst and BigAI suite.

🇺🇸 CommentSold launches AI-powered tool, automating video creation for e-commerce, enhancing live selling. PopClips introduced for product tagging. Since 2017 CommentSold, facilitated $4.4B+ GMV.

🇬🇧 Decathlon expands circular scheme. Decathlon extends buy-back plan, offering vouchers up to 40% of product value. Over 800K items expected to be refurbished or resold.

🇺🇸 Newegg launches free membership. Newegg introduces Newegg+, a free membership program offering perks like free shipping, exclusive deals, and advanced returns processing. Members gain VIP-style shopping experience.

🇰🇷 Alibaba eyeing $72.4M Ably stake (fashion platform), expanding its influence in the global e-commerce sector and promoting cross-border trade.

🇫🇷 Whoppah Expands to France. Whoppah, Europe's largest online second-hand design marketplace, launches in France, aiming for pan-European dominance. With an internet penetration of nearly 94%, France presents significant growth opportunities. Whoppah's COO, Evelien Bunnik-Remmelts, highlights the scalability of their platform, backed by a solid multi-million euro turnover in Germany.

🇫🇷 Paradigme raises €1.2M. French fashion resale start-up Paradigme raises €1.2 million in funding from investors including Showroomprivé. Founded by Fabien and Vincent Huché-Deniset, it offers B2B solutions to fashion brands and plans to expand its technology solutions and community of buyers and sellers.

🇳🇴 Schibsted acquires 9.99% of FINN from Polaris for NOK 2.5B, enhancing control. Polaris gains Schibsted shares.

That’s all. See you next week in the 🌀Maze!

Your guide through the maze

Artur Stańczuk Chief Strategy Officer at Packhelp, the leading European packaging marketplace. Previously worked ~8 yrs at Bain & Co. In the past, Digital Transformation Director at the leading Polish convenience chain Żabka and Entrepreneur that co-launched 3 startups