Amazon customers will now be charged fees if they return items at UPS stores instead of returning them to a Whole Foods, Amazon Fresh, or Kohl's location closer to their delivery address. This move has raised questions about potential backlash for Amazon's eCommerce ecosystem.
Amazon is charging a $1 fee for returns made at UPS locations, which may limit consumer choice and cut UPS out of the loop. While other retailers also charge fees for returns, Amazon's decision to charge at a specific point of contact may have an impact on where customers choose to return items.
Amazon is reducing its reliance on UPS for returns by offering label-free, box-free returns at Amazon Fresh and Whole Foods locations, with a $1 fee for UPS-staged returns. Returns are an industry-wide issue, with total returns estimated to account for over $816 billion in lost sales for US retailers alone. While a $1 charge may not seem like much, it remains to be seen how it will affect Amazon's balancing act between keeping returns low and not stoking consumer ire.
The rise of e-commerce is projected to boost the retail media networks market, which allows companies to market their products on e-commerce websites through sponsored adverts.
According to a report by the United Nations Conference on Trade and Development, global e-commerce sales reached $2.9 trillion in 2020 and are expected to increase by one-third in 2021, driving the growth of the retail media network industry.
The global retail media networks market is projected to grow from $19.4 billion in 2022 to $20.8 billion in 2023 at a CAGR of 6.8% and to reach $27 billion in 2027 at a CAGR of 6.7%. Major players in the market include Walmart, Kroger, Amazon, Target, eBay, Costco, Walgreens, Tesco, METRO, and Home Depot.
Product innovation is a key trend in the retail media network market, with major players like Criteo introducing new self-service platforms. North America is the largest region in the market, which is segmented by type, cloud deployment, and application. The Business Research Company provides insights into the market size, trends, and competitors.
The global cross-border B2C e-commerce market is expected to reach USD 5,154.16 billion by 2030, with a compound annual growth rate (CAGR) of 26.2% during the forecast period, according to a research report by Polaris Market Research.
Polaris Market Research has released a report on the Cross Border B2C E-Commerce Market, which analyzes the market size, segmentation, trends, and research methodology. The report aims to predict emerging trends in the market and includes both qualitative and quantitative data.
This report provides a comprehensive analysis of the Cross Border B2C E-Commerce Market, including its size, growth patterns, trends, competitive landscape, and regional overview.
The report also covers monetary and exchange fluctuations, import-export trade, and predictive and prescriptive analysis throughout the forecast period. The study includes a detailed analysis of market segmentation, identifying key drivers, restraints, trends, opportunities, challenges, and threats.
The global eCommerce logistics market is expected to be worth US$ 626.23 billion by 2023, expanding at a 17.8% CAGR to reach US$ 3221.36 billion by 2033. The use of GPS, RFID tags, and AIDC technologies will increase the value of existing tracking systems in the supply chain and contribute to driving demand for eCommerce logistics.
The eCommerce market is growing due to an increase in cross-border transactions and the emergence of eCommerce companies. Supermarket mini-distribution centers are becoming critical components in market expansion, aiding in quick order fulfillment and accelerating the delivery procedure.
Large eCommerce companies are constructing these hubs to expedite product delivery, and the increasing number of supermarkets and retailers operating as micro-distribution centers is making eCommerce logistics more efficient and driving the market growth.
North America, Europe, the United States, Germany, Japan, and Australia are expected to gain market share in the eCommerce logistics industry between 2023 and 2033. China and India are projected to have high CAGR growth rates during this period. The domestic eCommerce logistics operation segment and the eCommerce logistics for transportation segment are expected to have the highest market shares.