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Increasingly, traditional retailers (and other businesses like banks and telcos) are expanding their value offering in the market by adopting a third-party marketplace model.
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Online marketplaces have revolutionised ecommerce globally, with industry leaders like Amazon, eBay and Alibaba setting the bar high for logistics and inventory management.
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For artisans and small business owners, selling online isn’t just an option - it’s a necessity to unlock new revenue streams and expand their reach.
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As ecommerce surges globally, online marketplaces are finding exciting and innovative ways to approach the decentralised nature of the trading space.
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Since Amazon.co.za officially went live in South Africa earlier this year, the question everyone has is, "Can homegrown ecommerce businesses compete against global juggernauts?"
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Amazon’s expansion into South Africa marks the beginning of a new era for both local and international businesses, introducing much-needed competition to the local ecommerce landscape.
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Africa’s high mobile penetration rates as well as its young population have contributed to the continent’s positive response to digital marketplaces and on-demand services.
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It comes as no surprise that online marketplaces are thriving amid the ecommerce boom.
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The omnipresence of Temu has left consumers wondering if there is anywhere this retail giant can't reach. Why does it feel like everytime you Google a product only Temu pops up?
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Despite being at a nascent stage, Amazon’s imminent arrival in the local ecommerce space will "definitely" foster competition in SA’s burgeoning online retail market.
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