eBay acquires KnownOrigin, doubling down on NFT space
This move gives eBay access to the technology and the platform which allows users to create, buy and resell NFTs via blockchain-support transactions.
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Ocean Shipping Reform Act of 2022
President Biden signed the bipartisan bill Ocean Reform Act. This is the first significant revision to this legislation in over 20 years. The bill addresses ocean shipping supply chain issues. Among them are things like shipping container shortage, crisis management, and late fees charged by the ocean carriers and terminals, which are passed on to the consumer, adding to inflation in the US.
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Amazon expands its network of warehouses
According to the story by Bloomberg, Amazon has spent billions of dollars on real estate, that will be used for a new generation of multi-story warehouses. For example, the company purchased 193 acres outside Round Rock, Texas – located a few miles north of the booming city of Austin, where GeekSeller’s headquarter is located.
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E-Commerce Year in Review by Marketplace Pulse
This year was again record-breaking in E-Commerce sales. Marketplace Pulse has prepared a detailed annual report with the most significant information and lots of statistics that can help you plan your strategies for 2022.
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Third-party marketplace by Macy’s coming next year
Macy’s is about to join Walmart and Amazon, and upcoming year they are going to launch a third-party marketplace. Their digital business targets to generate $10 billion in sales by 2023, and a new marketplace is expected to help achieve this goal.
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Walmart Pro Seller Badge
Launched in October 2020, the Walmart Pro Seller badge is a new way for sellers to build customer trust and drive conversion. The program is still in its pilot stage, and only selected sellers– who meet strict quality criteria– are eligible.
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How to Sell in Latin America with MercadoLibre and GeekSeller
As the leader in a market of over 635 million people in the Latin America region with one of the world’s fastest-growing Internet penetration rates, Mercado Libre provides buyers and sellers with a robust online trading environment, now available to United States sellers.
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Non-Amazon branded packaging now available; currently, to selected sellers only
Some of GeekSeller’s sellers received an email from Amazon, about being invited to a program that gives them the capability to have their MCF orders sent in non-Amazon branded packaging. The program is called ‘MCF blank box order fulfillment.’
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Walmart shut down Jet.com
Jet.com was the first marketplace that GeekSeller integrated with. Seeing it being shut down closes a very important chapter for our company, and brings with it a time of reflection.
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