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Ecommerce News Today-US Black Friday online sales fell for the first time

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1. Amazon AWS launches 2 new chips to compete with Intel and others

On December 1st, Amazon's cloud computing division AWS launched two new computing chips to help its customers reduce the cost of using Intel and Nvidia chips.

AWS's newly released third-generation Arm-based Graviton chip is 25% faster than its predecessor, floating-point performance increases by 2 times, and the speed of machine learning workloads increases by 3 times. AWS also said that a new chip called Tradium would soon be available to customers. The chip is designed to train machine learning computer models and will compete with similar chips from Nvidia.

2. United Nations: Global merchandise trade exceeds US$5.6 trillion in the third quarter of 2021

On November 30th, according to the Financial Associated Press, the United Nations Conference on Trade and Development stated that global merchandise trade exceeded US$5.6 trillion in the third quarter of 2021, setting a record high.

Unctad said in the report that the global trade in goods and services is expected to increase to about 28 trillion US dollars in 2021, an increase of about 5.2 trillion US dollars over 2020 and 2.8 trillion US dollars higher than 2019.

3. Indian e-commerce platform Snapdeal plans to conduct a US$250 million IPO in 2022

On November 30th, according to Bloomberg News, sources said that Indian e-commerce platform Snapdeal plans to conduct a $250 million IPO in 2022. The source added that Snapdeal would raise at least US$200 million, with a valuation of US$1.5 billion.

Snapdeal was founded in 2010 and has received investment from SoftBank and Alibaba. It has become one of the leading e-commerce providers in India.

4. Oxford report: Airbnb provided 345,000 jobs to the EU in 2019

On November 30th, the Oxford Economics Institute released a new report showing the positive impact of tourism on Airbnb in the European Union and its benefits to families and communities across the European Union.

According to the Oxford Economics Research Institute, in 2019, in the 27 EU countries, Airbnb provided nearly 345,000 jobs, which is equivalent to 19 billion euros of GDP contributed by guests' consumption on Airbnb. Airbnb has the greatest direct employment impact on France, Spain, Portugal, and Italy.

5. Brazil's Black Friday e-commerce sales reached 5.419 billion reais, a year-on-year increase of 5.8%

On November 30th, preliminary data released by data analysis company Neotrust showed that Brazil's "Black Friday" sales through e-commerce platforms reached 54.19. Billion reais from November 25th to 26th, an increase of 5.8% compared to the same period in 2020.

However, the number of orders decreased by 0.5% compared with last year, totaling 7.618 million copies; the average customer unit price was 711.38 reais, which was 6.4% higher than last year.

Ranked by the number of orders, the top five product categories are accessories, beauty and perfume, telephones, small household appliances, and household appliances. The leading products in sales are telephones, household appliances, consumer electronic products, and furniture.

6. Newegg Opens 2 New Distribution Centers in the US

On November 30th, Newegg has announced the opening of new distribution centers in Atlanta and Ontario, Georgia, USA, covering an area of ​​more than 200,000 and 240,000 square feet, respectively.

At present, Newegg has 8 distribution centers across the United States, with a total area of ​​more than 2.1 million square feet of warehouse and distribution space, located in Los Angeles, Indianapolis, the New York metropolitan area, and now Atlanta and other major domestic hubs.

7. Amazon and Abu Dhabi established an automated logistics center in the Middle East

On November 30th, Amazon will establish the most technologically advanced logistics center in the Middle East in Abu Dhabi through cooperation with the Abu Dhabi Investment Office.

This 175,000-square-meter site is expected to be completed in 2024. It aims to create thousands of jobs, promote logistics innovation, and allow local businesses to enter new markets through Amazon.

After completing the fulfillment center, UAE customers can expect some products to be delivered on the same day or the next day.

8. ByteDance may invest about 10 million US dollars in Dubai e-commerce logistics startup iMile

On November 30th, sources said that TikTok's parent company ByteDance has invested in Dubai-based logistics company iMile, which is part of iMile's first major financing.

According to a statement, iMile's Series A financing is one of the largest financings by female founders in the Middle East so far, raising 40 million US dollars. The company is valued at 350 million US dollars. In response, ByteDance declined to comment, and iMile said it would not disclose specific investors or their investment in the company.

9. Amazon executives: Amazon is expected to become the largest delivery service in the United States in early 2022

During the 2013 holiday shopping season, third-party delivery service operators held a large backlog of Amazon's parcels. Since then, Amazon has been insisting on building its logistics and distribution system.

Currently, Amazon oversees thousands of delivery companies dedicated to delivering packages to customers on the last mile and an internal delivery network consisting of planes, trucks, and ships.

Amazon is also building warehouses and aviation hubs across the United States to speed up the delivery of packages.

10. Adobe: US Black Friday online sales fell for the first time, reaching 8.9 billion US dollars

In 2020, US Black Friday online sales were 9 billion U.S. dollars, a year-on-year increase of 21.6%. Online sales for Thanksgiving were also lower than expected, at US$5.1 billion, the same as the same period last year.

Industry insiders believe that online sales on Black Friday and Thanksgiving this year are not as good as expected. The main reason is that consumers worry about logistics delays and start shopping early or later. Therefore, Thanksgiving and Black Friday orders have been diverted.

According to a survey conducted by the American Retail Federation, 61% of consumers have already started buying holiday gifts before Thanksgiving. Some consumers even started holiday shopping in October.

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  • Integration with 1200+ carriers.
  • Access the best discounts for USPS, DHL, UPS, and more.
  • KeyDelivery is free for 500 shipments each month.
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