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U.S. government agencies say Amazon is responsible for hazardous materials sold by third-party sellers on its platform and shipped by the company.by Hallelujah Hadero AP Business ReporterJuly 30, 2024, 10:18 AM• 2 min readA U.S. government agency ordered Tuesday that Amazon is liable under federal safety law for hazardous materials sold by third-party sellers on its platform and shipped by the company.The Consumer Product Safety Commission announced that it had unanimously determined that the e-commerce company was a “seller” of defective products sold on its site and packed and shipped through its fulfillment service.That means the company will be held…

Temu's rapid global expansion briefly helped its owner, U.S.-listed PDD, become China's most valuable e-commerce company, overtaking longtime leaders Alibaba and JD.com. (Photo: Reuters) Flood Cheap Chinese products The entry of Chinese online retailers into Thailand is expected to further expand. TEAM Back to Hometown E-commerce Monday market.The move is expected to intensify price competition in the local e-commerce market, affecting Lazada, Shopee and TikTok, as well as raising concerns about the possible closure of local factories. E-commerce industry leaders say the Thai government needs to do more to curb the influx of Chinese products, especially substandard and illegal cross-border…

When Egyptian B2B e-commerce platform Cartona last raised funds in 2022, global and local investors were keen to invest in African startups that solve supply chain and operational challenges for retailers and suppliers in the fast-moving consumer goods (FMCG) industry. Two years on, investors are no longer so enthusiastic as the business models of asset-light and asset-rich startups across the continent are coming under pressure, leading to exits, closures, cuts and mergers. But Cartona, which according to founder and CEO Mahmoud Talaat is “very close to being fully EBITDA profitable,” has now managed to raise $8.1 million ($5.6 million in…

Muscat: E-commerce is predicted to play a key role in reshaping Oman's employment and business environment. Moawiya Al Rawas, CEO and Co-Founder of iON LLC, shared his vision of unlocking employment potential through e-commerce at the Oman Job Fair held at the Oman Convention and Exhibition Centre. Al Rawas outlined the huge opportunities for job creation and economic growth in Oman's e-commerce sector by highlighting key statistics and forecasts. Al Rawas began by outlining Oman's current employment situation. He noted that the private sector employs 69.5 percent of Oman's total workforce, compared to 16.2 percent in the public sector and…

Fulfillment services provider Stord today announced it has acquired Pitney Bowes' e-commerce fulfillment business, expanding its Hebron, Kentucky, fulfillment center's network of commerce-enabling technology for omnichannel brands.The news comes just four weeks after Stamford, Connecticut-based Pitney Bowes said Greg Zegras had stepped down as president of its global e-commerce division as part of an effort to “identify alternatives to address the division's ongoing losses.” The company also announced in May that it had named cost-reduction expert Lance Rosenzweig as interim CEO, replacing Jason Dice in the role.The measures are part of a larger effort by Pitney Bowes to improve its…

TikTok is hiring more staff to improve its e-commerce technology: According to its job portal, the company wants to hire several employees in the US to improve the shopping experience with features like virtual try-on and AI-generated shopping tools.The company has several job openings in Seattle and San Jose for algorithm engineers focused on e-commerce and generative AI. According to the job ads, staff will focus on building tools for “generative product creativity,” “product material generation and optimization,” virtual try-on and other tech-enabled shopping features.Virtual try-ons often use augmented reality to show users whether an outfit will look good on…

E-commerce enablement platform Shiprocket, which is planning an IPO by next year, organised an e-commerce meet, 'Shiprocket Shivir', in New Delhi on Friday. CEO and Managing Director Saahil Goel launched a report titled “How Indian SMEs Sell Online” on the journey and current trends of Indian SMEs. The report noted that while e-commerce is booming in urban areas, around 71 percent of orders still come from outside urban areas. It also noted that SMEs are increasingly using WhatsApp for direct marketing, with usage increasing from 25 percent to 30 percent. Additionally, advanced technology solutions such as marketing automation tools are…

E-commerce enablement platform Shiprocket, which is planning an IPO by next year, organised an e-commerce meet, 'Shiprocket Shivir', in New Delhi on Friday. CEO and Managing Director Saahil Goel launched a report titled “How Indian SMEs Sell Online” on the journey and current trends of Indian SMEs. The report noted that while e-commerce is booming in urban areas, around 71 percent of orders still come from outside urban areas. It also noted that SMEs are increasingly using WhatsApp for direct marketing, with usage increasing from 25 percent to 30 percent. Additionally, advanced technology solutions such as marketing automation tools are…

The ICC made the statement following the signing of a new multilateral agreement on electronic commerce under the auspices of the World Trade Organization, which provides the first-of-its-kind framework for governing digitized trade. Share this: New WindowsShare on LinkedInNew WindowsShare with XNew WindowsShare on FacebookNew WindowsShare via email ICC Secretary General John WH Denton said: “The conclusion of the E-Commerce Joint Statement Agreement is a very welcome step towards modernising global trade rules to the realities of today's digital economy. On behalf of the global business community, I would like to express my sincere gratitude to the co-chairs of the…

In this interview, Sunil NatrajThe CEO of Jumia Nigeria speaks about the state of e-commerce, Jumia’s new operational strategy and the challenges of same-day delivery. Temitayo Jaiyola Recently, Jumia has changed its business strategy, especially in Nigeria. Can you explain these changes and how the company measures growth? Our strategy is focused on simplicity, especially in navigating Nigeria's complex macroeconomic environment. We aim to holistically streamline our operations by maintaining optimal inventory levels, ensuring seamless flow from suppliers to customers, and facilitating hassle-free returns. With efficient inventory management practices and strong partnerships with key suppliers across the country, we optimize…