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India's vibrant internet market is not only large, but also expanding and evolving rapidly. This dynamic e-commerce sector sees companies like Amazon, Flipkart and Ecom Express tackling major challenges. Delivery failure. Known as RTO (return to origin) In e-commerce jargon, delivery failures most commonly occur when a customer selects the Cash on Delivery (COD) payment method when placing an order. According to ET Prime Research, Around 60%-65% of e-commerce orders in India are made on cash on delivery.. Surprisingly, 25%-30% of these orders are fulfilled in RTO. In contrast, delivery failure rates for prepaid orders are only 2% to 3%.…
Image – Blinkit As a heatwave grips large swaths of India, with several cities recording above-normal temperatures, food delivery and e-commerce platforms are rolling out a range of measures to protect their delivery partners from the scorching heat.Food delivery platform Zomato has set up 450 rest stations across the country for its delivery partners, regardless of company, that come equipped with comfortable seating, complimentary drinking water, mobile charging points and clean washroom facilities.The company has procured over 500,000 bottles of beverages, juices and glucose, which will be distributed to delivery partners operating across more than 450 locations across 250+ cities.To…
A U.S. Customs and Border Protection specialist works with an agriculture inspector to check an inbound parcel at an international mail processing facility. (Photo: USDA, Erich Glasgow)U.S. Customs and Border Protection has suspended several customs brokers from a program designed to speed entry for low-value shipments but has paved the way for an explosion of e-commerce imports from China and India that the agency is struggling to police.CBP didn’t spell out specifics in Friday’s suspension announcement but implied the intermediaries were penalized because filings for cargo release repeatedly failed to comply with requirements that the importer use “reasonable care” to…
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E-commerce company Copia has said in a notice to employees that it will cease operations in Eldoret and five other towns.The company, which has been placed into administration, said employees in towns on the list will be placed on furlough until further notice.Copia has warned that the current restructuring process could result in the closure of operations and the loss of more than 1,000 jobs.Japhet Ruto, a journalist at TUKO.co.ke, has over eight years of experience in finance, business and technology reporting, providing deep insights into economic trends in Kenya and globally. E-commerce company Copia has been placed under bankruptcy…
Editor's note: Sharing non-VA information does not imply an endorsement of any product or service by the VA. Veterans should verify with the organization providing the information. Are you a veteran aspiring to start a business or own a business and need guidance on putting your idea into action? Warrior Rising is in a position to help you: A non-profit founded in 2015 by veterans for veterans, Warrior Rising is committed to transforming veterans into “veteran entrepreneurs,” creating sustainable businesses and providing opportunities to keep fellow veterans employed and earn their futures. Warrior Rising’s next Disabled Veteran Entrepreneur (SDVET) online…
Xero has announced significant updates to its subscription plans for New Zealand customers, effective September 12, 2024. The company is introducing three new business plans – Xero Ignite, Xero Grow and Xero Comprehensive – and enhancing its existing Ultimate plan. These updates are aimed at simplifying the user experience by integrating key features directly into the plans and eliminating the need for separate add-ons. Our new lineup of streamlined business plans are designed to provide easier access to essential accounting and management tools: the Ignite plan caters to businesses just starting out, the Grow plan targets self-employed and growing businesses,…
State Sen. Steve Glaser's bill (Senate Bill 1494), which aimed to change the rules for how online sales taxes flow, has been stalled in a move that will come as a relief to Valley communities that are home to fast-growing e-commerce fulfillment centers. News driving force: Glaser argued that treating the tax money as something that can be refunded to businesses would give businesses greater bargaining power with local governments and result in every jurisdiction losing more than $1 billion in tax money that could have gone towards public services.advertisement Opposition to the bill is bipartisan, with some senators representing…
Troubled e-commerce firm Copia Kenya has suspended its ordering services in six towns, barely a week after it was placed into administration over cash flow issues. In an internal communication to staff, the company announced that it had suspended deliveries in Meru, Embu, Kericho, Eldoret, Machakos and Naivasha, effective May 29. The company said staff at the affected stations would be put on leave pending further instructions. “We regret that we must cease servicing these areas at this time as we change the size and format of our operations. We look forward to returning to these areas in the future,”…
Stitch Fix Inc.'s third-quarter earnings report had investors upbeat about the prospects for a comeback in styling services. Stitch Fix shares rose 22.8 percent to $3.28 in after-hours trading as the company showed signs of recovery despite continuing to report declining sales and a bottom line loss. Net loss was $21.3 million, slightly better than a loss of $21.8 million a year ago, but the company said adjusted earnings before interest, taxes, depreciation and amortization was $6.7 million, reflecting “continued cost management discipline.” For the three months ended April 27, the styling platform's net revenue reached $322.7 million, down 16%…