Who got fined? What feature does Amazon plan to bring? Who's seeing revenue growth? Let’s get down to what happened in commerce and tech news in the last week. This post is curated to help tune-out some of that noise and turn it into information that matters.

amazon wish list


WHAT'S GOING ON IN COMMERCE THIS WEEK?

 

COLLABORATIVE Wish lists Coming to Amazon?

There's rumours that Amazon plans on adding collaborative wish lists. Why? On the mobile app, a new option called 'invite others' was seen on people's wish lists. Clicking it reveals a URL that can be shared to others. The invitees can then add and remove wish list items just as the owner can. This may seem small, but it's big for Amazon's customers.

Read More on TechCrunch

Philips, Asus, Pioneer, and D&M Hit with Fines in the EU

All four companies have been fined a total of 111.2 million euros ($130 million by EU antitrust regulators. Why? They were found imposing fixed or minimum online prices for their products. They restricted online retailers from setting their own prices. This followed a 17-month investigation by the European Commission. 

Read More on Reuters

UPS Sees Growth Driven Partially By Ecommerce Demand

Due to higher base pricing and ecommerce demand growing in the United States, UPS saw high revenue growth in the last quarter. However, this did not increase their profits. This is because of expenses, like the upgrade to their technology systems as they try to compete with their competitors. 

 

Read More on The Wall Street Journal

 


WHAT'S HAPPENING AT SMITH THIS WEEK

 

SMITH'S GUIDE TO: COMMERCE FOR MANUFACTURERS

If you’re one of the 60% of US manufacturers without an ecommerce platform, you’re missing your share of nearly $1 trillion in B2B ecommerce transactions this year. Take the next step in your transformation today. Read it here

 


WHAT’S NEXT?

 

If you’d like to discuss these topics further, SMITH can help.

Whether you’re exploring an evolution in your approach to selling by moving to pure ecommerce or a hybrid approach, looking for an edge in operations optimization with augmented reality, or ready to deploy intelligent replenishment for your customers, we can help.

LET'S TALK

 

Tags: Commerce, ecommerce, Weekly News, Strategy and Intelligence, Commerce News