mrktplcs: 29 July 2020

#McKinsey describes the 2020 boom in USA ecommerce and #marketplaces: “10 years growth in 90 days” (See image below) (McKinsey)

(The #eBay results are dealt with in a dedicated post by mrktplcs on (LinkedIN) here. (And on mrktplcs.com here.)

#Shopify had a huge second quarter. (Business Wire)

#Ecommerce growth in #Spain has gone wild in the time of #covid: Up 67% in Q2. (In Spanish). (Ecommerce News)

Digiday explores the expensive world of #Amazon Advertising. (Digiday)

#Avalara is holding a #VAT Voice session ‘Brexit Special tomorrow 30 July. You didn’t forget #Brexit, right?

mrktplcs: 21 July 2020

We knew that #2020 would be the year when #covid19 transformed #marketplaces and #ecommerce but in the UK, #Brexit is still coming.

(#RoyalMail has seen a 64% increase in parcel volumes Mar-Jun. (Post and Parcel)

More emerges about the post-Brexit #AmazonFBA options. ACTIV8 has provided a very useful guide: #Amazon After Brexit: Preparing for the end of EFN & Pan-European FBA. (Activ8.)

Are we closer to knowing how Brexit will impact other international sales? There is no reason to suggest this will be seamless or easy for exporting businesses. Red tape and paperwork, is one prediction: (iNews).

More info about the UK VAT changes too. The government announcement (hopefully positive) should help #eBay sellers in particular. Insights from (Accountancy Age) #ukvat #vat

And all of that is before mentioning the possibility of a trade war with #China that will have serious ramifications for supply chains. But that’s for another day.

mrktplcs 20 July 2020

The UK government wants #marketplaces such as #eBay and #Amazon to collect #VAT for UK sales fulfilled by merchants based overseas of the start of next year. Bad news for so called ‘chinese sellers’ who have been gaming the system but good news for UK sellers playing fair. (HM Government)

Unconfirmed: “Norway’s Adevinta has won the auction to buy the bulk of eBay’s classified ads unit for nearly $9 billion” eBay will retain a minority stake. The question is whether this cash boost and fewer businesses to focus on will be a boon for the core marketplace. eBay Inc is a much small business now without classifieds and #paypal (Reuters)

Evidence of a lasting boost to online from COVID-19, #uk #courier #hermes are betting big with a £100m hub creating 10k jobs. (Yorkshire Post)

#ecommerce