Weekly Review 19/02
It’s been another fruitful week in the world of logistics, fulfilment and eCommerce. Here at Huboo, our experts are constantly working hard to ensure our software is as efficient as possible, this week saw a dashboard update to aid with the customs process.
2020 saw the highest year for eCommerce growth in Europe since 2013. Research data, captured and published by Compar Acciones, shows us that last year €38.64 billion were spent on eCommerce logistics investment. Leasing interest in Europe increased by 69% last year, covering agreements of over 1 million square meters. Among those who signed leases in 2020 were Amazon, DHL, SF Express and XPO Logistics. Taking note of this growing trend, top investment firms are positioning themselves to make the most of the opportunity.
Etsy has been named as the top site for selling handmade goods by eCommerce Next. The global online marketplace plays host to artists, craftspeople and vintage sellers, looking to trade within a wider community. The site allows merchants to sell with a free account, users only need to pay a small listings fee, and with the ‘Esty community’ vendors can answer questions and ask advice from fellow merchants. As well at Etsy, you can find the other channels we integrate with (for free) here.
We’ve watched as the Covid-experience continues to fuel an eCommerce boom, and although it is a topic we’ve touched on previously, it is one that has become inescapable. Retail week have reported that online sales have soared to the highest ever level in January of this year. The amount spent via digital channels made up 35.2% of overall retail spending in January, according to the Office for National Statistics (ONS). Retailers across all sectors reported a month-on-month uplift in the proportion of sales they made online during January. Retail Economics chief executive Richard Lim commented, “The pandemic has driven a step-change in online shopping and a new wave of digital shoppers have broken down the initial barriers of setting up online accounts, entering payment details and overcoming issues of trust.”
If you’d like to see how we can help with your fulfilment needs, check out our How It Works guide.
That’s all for this week, on behalf of everyone at Huboo have a great weekend!