Consumer behavior shifted at an extraordinary rate during the pandemic's peak. As a result, ten years of e-commerce growth was compressed into just ninety days. Mobile devices were being used to buy apparel, groceries, and furnishing, not only by millennials, but generation z and elders too. Because of the increase in digital buying, 95 percent of purchases will be made online by 2040.
Even though 2020 was a year filled with new obstacles, data shows that digital buying is here to stay due to the market quickly growing. In 2021, 4.9 trillion dollars were made in sales worldwide, proving how fast it has grown since 2020. Since it is rapidly increasing, product owners are advised to keep up with it in order to keep customers returning.
Unfortunately, it is a grow or die situation for eCommerce owners, which can be extremely difficult because of competition rapidly growing or rising costs.
Here is an outline of E-Commerce solutions and services
Market Forces
Competition
Since the pandemic, E-Commerce has become a strategic objective for almost every business. This strategic objective increases competition, forcing companies to hop on the new trend in order to keep their business running. Today there are 24 million online stores globally and with the help of Shopify, helps the process to become easier for store owners. Attracting 800 thousand new merchants a day making the competition harder than it already is.
To maintain market share, E-commerce owners need to focus on how to make their brand different from the others. They are facing a perfect storm of rising competition and higher acquisition costs, in addition to competitive pressures.
Acquisition Costs
Acquistion Costs refer to an amount spent for fixed assets, expenses associated to the acquisition of a new client, or the takeover of a rival is referred to as acquisition cost. It is important for determining the total cost of fixed assets because it includes legal fees and commissions while excluding discounts and closing expenses.
According to business insider, the costs of each social media network increased by double digits year after year. The growing amount of competitiveness is one of the reasons for this increase. Another factor is Apple IOS changes, ad targeting, and privacy policies, which reach audiences on different social media platforms. Everyone's goal is to reduce the acquisition cost as it presents a threat to the growth of every brand.
Opportunity Growth
Most eCommerce organizations are looking for dramatic growth, which is hidden in their data. Only a small number of businesses examine their data. Some will provide monthly reports detailing how much money they made or how many items they sold. However, such data applications are generally limited and unused. In most firms, less than 25% of people pay attention to data, according to several surveys.
While goalie Igor Shesterkin deserves a bulk of the credit for knotting their first-round Stanley Cup playoff series 1-1, the Rangers were energized despite a draining triple-overtime loss two nights earlier and managed to grind out a 5-2 victory over the Penguins on Thursday night at Madison Square Garden.
The Garden crowd has chanted Shesterkin’s name as effortlessly as they once did Henrik Lundqvist’s since the Russian netminder arrived on Broadway. And after his performances in the first two games of this series, the echoes of “I-GOR!” are probably still roaring through the concourses.
After setting a franchise record with 79 saves in Game 1 and then recording 39 stops in Game 2, Shesterkin has totaled 118 over the past two games to tie him for the second-most combined saves by a goaltender in consecutive playoff games in NHL history.
“Yeah, I mean, I feel great,” Shesterkin said through a translator after notching his first career NHL playoff win. “They make about as much shots during practice on me, so I’m pretty used to it.”
Chris Kreider (20) and Mika Zibanejad celebrate goal by Ryan Strome (not pictured) during the Rangers’ 5-2 Game 2 win over the Penguins.Corey Sipkin
Game Recap
Shesterkin made stop after stop in the final 20 minutes to preserve a one-goal lead that ballooned to a three-goal edge thanks to his efforts.
First, Shesterkin denied Penguins second-line center Evgeni Malkin’s one-timer from the bottom edge of the faceoff circle. Then the 26-year-old netminder came up with a big stop on Pittsburgh star Sidney Crosby on the doorstep minutes later. The Penguins outshot the Rangers 8-0 in the first five minutes of the final frame, but Shesterkin never relented.
“I can’t say enough about him,” said Frank Vatrano, who sniped one off the rush less than two minutes after Artemi Panarin banked one in off Penguins defenseman Michael Matheson in the third period to cap the scoring. “He’s been great the entire year. To have the confidence in that goaltender and knowing if there’s a breakdown that he’s going to be there to bail you out.”
Igor Shesterkin makes a save on Sidney Crosby during the Rangers’ win.Corey Sipkin
It was evident from puck drop that the referees were going to be stingy with their whistles — not that they used them much in Game 1, either. In fact, after the end of the first period, it had been 117 minutes since the last penalty was called on Pittsburgh. The Garden crowd made sure the officials heard its displeasure, levying obscenities at the men in stripes.
That streak ended in the middle frame and the Rangers ultimately had four power plays on the night.
Chris Kreider (left) celebrates with Frank Vatrano after scoring a goal during the Rangers’ victory.Corey Sipkin
Power Play
Penguins defenseman John Marino was called for cross-checking just over a minute into the second period and the Garden rejoiced. Those cheers weren’t nearly as loud as the ones that followed for Ryan Strome’s power-play goal that broke a 1-1 tie.
With six seconds left on the power play, Strome tipped in Adam Fox’s shot from the top of the zone at 2:59.
“It’s about time,” head coach Gerard Gallant said. “I was pretty happy we finally got some chances, for sure. … You go back to last game and I thought we should have gotten more chances. It didn’t happen, it was 4-1 last game and then tonight, it didn’t start out real good either. I was disappointed and then all of a sudden they started taking some penalties and our power play got a chance.”
Chris Kreider gave the Rangers a two-goal lead later in the period, tipping in a Vatrano shot for his second tally of the series. But the Rangers continued to struggle in their efforts to contain Crosby and linemates Jake Guentzel and Bryan Rust, who combined for 17 shots on goal.
Crosby made his way to the net and took on several Rangers in the process, resulting in a tremendous individual effort that led to him cleaning up a Rust rebound for the 3-2 score with 1:26 left in the second.
Coach Interview
“It’s next guys up, whoever’s playing against that line has got to do a good job,” Gallant said. “I think overall, we contained them a little bit. But they’re great players, Guentzel and Crosby are good players. That top line is a real top line and they’re tough to defend.”
Real Madrid produced one of the all-time great European comebacks to stun Manchester City and book a most unlikely spot in the Champions League final against Liverpool.
A brace from Rodrygo and a Karim Benzema penalty, all scored from the 90th minute on, gave Carlo Ancelotti's side a 3-1 win after extra time at the Bernabeu on Wednesday to send them to Paris with a 6-5 aggregate triumph in a semifinal not soon to be forgotten.
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Madrid trailed 1-0 on the night and 5-3 on aggregate heading into the 90th minute after Riyad Mahrez's 73rd-minute goal looked set to send City to their second successive Champions League final. But, as dramatic comebacks against Paris Saint-Germain and Chelsea have already shown in this season's competition, Madrid are never to be counted out.
And they saved their most incredible feat for this night. After coming off the bench, Rodrygo scored in the 90th and 91st minutes to level the aggregate score and send the Bernabeu crowd into bedlam and the semifinal to extra time. With City shaken, Benzema then won and scored a penalty in the first five minutes of extra time to give Madrid a lead they would not relinquish.
As they seek a record-extending 14th European Cup, Madrid will now take on six-time winners Liverpool in the final at the Stade de France later this month. No one will be writing them off.
Player Reactions
"Incredible," Madrid's Casemiro told Movistar Plus afterward. "There's no better feeling, no way to explain this, how difficult it was to get here. The best is yet to come, the most important [thing] is yet to come, but we have to enjoy the moment. ... We're in the final, but the most difficult is yet to come.
"The great virtue of this club is never giving up, fighting to the end."
"This team, this club is capable of anything, we believed until the end," Courtois said. "Mendy made a key save on the line, I did, too, we made it 1-1 and then 2-1 and they were dead. We were better in extra time. We had to defend well, and we did it. Incredible."
For much of the night, there was little sign of the drama that was to come. In sharp contrast to last week's breathless contest in Manchester, the second leg of the semifinal was largely a much more cautious affair. City, boosted by the defensive returns of Kyle Walker and Joao Cancelo, were largely happy to try to contain a Madrid side that featured the return of midfield enforcer Casemiro.
Still, spurred by a fired up Bernabeu crowd, Madrid began both halves strongly and had chances to level the tie.
Coaches Reactions
Ancelotti: 'Something strange' in Real's run to final
Pep: City will need 'time to process' loss to Madrid
"We were close. We were close. But in the end we could not reach it," Guardiola told BT Sport.
"We didn't play our best, but it is normal, a semifinal, the players feel the pressure. Football is unpredictable, it is a game like this. We have to accept it.
Benzema, the competition's top scorer this season, uncharacteristically headed over from the center of the box just four minutes in. And Vinicius Jr. missed an even clearer opportunity in the opening moments of the second half when getting his finish all wrong after a rehearsed kickoff routine gave him a clear sight of goal from six yards.
Madrid looked like they would be made to pay for that profligacy. Mahrez, who had missed some big chances of his own a week ago, fired an emphatic near-post finish past Thibaut Courtois following a flowing counterattack to seemingly send City to Paris.
There was little in the following 15 minutes to suggest Madrid had another epic comeback in their locker. Indeed, City were inches from putting the result beyond doubt when substitute Jack Grealish beat Courtois only to see Ferland Mendy desperately clear the ball off his own goal line.
Instead of the icing on the cake, it was just a precursor to the remarkable next few minutes.
Real Madrid’s Hero
Rodrygo's opening goal, when he got to a Benzema pass ahead of Ederson, was Madrid's first effort on target on the night. His second, headed home from a Dani Carvajal cross, made it not only the first time that City had conceded two goals in the 90th minute or later but the first time they'd conceded goals in consecutive minutes since Pep Guardiola took charge.
From that point on, there looked to be only one winner. And that theory was cemented when Ruben Dias brought down Benzema in the City penalty area in the opening minutes of extra time.
As Madrid now look forward to a record 17th Champions League final and Ancelotti to an unprecedented fifth final of his own, City's agonizing wait to be crowned champions of Europe goes on for at least one more season.
Betting Odds
With the final set, Caesars Sportsbook installed Liverpool as a (-195) favorite over Real Madrid (+155) in a matchup that looked extremely unlikely late in Wednesday's semifinal.
Real Madrid were as long as 45-1 to come from behind against Man City at Caesars Sportsbook. And one bettor saw the remarkable ending coming.
Caesars reported taking a $1,000 bet on Real Madrid to win the match in regulation just 15 seconds prior to Rodrygo's first goal. Rodrygo's second goal, which gave Madrid a 2-1 lead at the end of regulation, earned the bettor in Nevada a net $45,000 payday.
DoorDash shares soar after posting record order numbers
Shares of DoorDash closed up 10% on Thursday after the company reported earnings that showed a record number of people placed orders in the fourth quarter.
The delivery company notched 369 million orders during the quarter, an increase of 35% year over year, and higher than the 361 million orders analysts’ expected, according to the Wednesday report.
Consumers also continued to spend more on orders. Gross order value expanded 36% year over year to $11.2 billion, exceeding Wall Street’s projected $10.6 billion.
Fourth-quarter revenue came in at $1.3 billion, beating analyst estimates of $1.28 billion. The company reported a 45-cent loss per diluted share, wider than the 25-cent loss figure collected by Refinitiv.
DoorDash benefited heavily from stay-at-home trends during the coronavirus pandemic, as many restaurants restricted indoor dining and consumers opted to order food in order to minimize exposure to the virus. Now, delivery companies are under pressure to prove they can sustain that demand as Covid-19 restrictions ease.
DoorDash’s full-year guidance suggested it doesn’t see momentum slowing down, however. The company projected marketplace gross order value to be in the range of $48 billion and $50 billion, which is in line with consensus estimates of $49.4 billion, according to analysts surveyed by FactSet.
“Overall, the underlying demand for DASH’s delivery offerings remains steady even as normalcy is slowly returning in many markets,” Wolfe Research analyst Deepak Mathivanan wrote in a note to clients Thursday. “The company is also making nice progress in scaling several [long-term] initiatives.”
Analysts noted that fourth-quarter adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) was light. DoorDash has said it’s investing heavily in expanding into new categories and international markets.
“We believe DASH’s investments in growth opportunities — new verticals, services, and “geos”—being funded by profit from its core U.S. restaurant marketplace should be well received in a rising rate environment,” analysts at JPMorgan wrote in a note to clients on Thursday
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