Author: Dailyusastory

Over a third of workers globally have seen a significant role change in the past year. That’s according to PwC’s fifth annual “Global Workforce Hopes and Fears Survey,” released last week. In March 2024, PwC surveyed 56,600 individuals across 50 countries and territories who are employed or actively seeking work. Forty-five percent of respondents stated they had to learn new tools and technology in the previous 12 months to perform their job. – Per the survey, CEOs value technology benefits more than employees. – Most survey respondents had used generative AI (such as ChatGPT and DALL-E) at least once in…

Who could resist a deal where you receive more for less? If you’ve ever indulged in a combo offer at a fast-food chain, you’ve seen the art of product bundling. This strategic approach merges two or more items into a single package, typically at a reduced price.Product bundling can offer numerous benefits to your business, aiding in various objectives, such as boosting your average order value (AOV) and introducing new products.In this article, we will explore different product bundling strategies and what you can achieve with each. Since each business has its own flair, think of it as a spark of inspiration rather than a strict rulebook.Product Bundling Strategies: Examples and BenefitsThere are plenty of different product bundling strategies that you can implement in your store. These strategies can…

TL;DR Amazon Handmade is for handmade, hand-altered, or hand-assembled products. It provides global reach for artisans. Advantages: Access to Amazon’s large customer base, no listing fees, customizable storefronts, and efficient delivery with Fulfillment by Amazon (FBA). Drawbacks: 15% referral fees, strict application process, complex dashboard, and limited customer interaction. Eligibility: Products must be handmade by the seller or a small team, with clear descriptions of the production process; mass production is prohibited. Procedure: Apply, get approved, set up a storefront, list products with quality images and descriptions, choose fulfillment options, and use marketing tools. To get started, create an Amazon…

Unified commerce brings together all of a store’s sales channels and activities, giving merchants the power to enhance the customer experience. When merchants run their businesses from a single platform, they unlock new ways to harness data, manage orders, and personalize the customer journey. Ahead, learn how unified commerce is making shopping simpler and more intuitive than ever. What is unified commerce? Unified commerce is a fully integrated retail system that lets merchants run their businesses from one place. Unified commerce platforms bring together sales channels, inventory management, order fulfillment, marketing, and other retail activities. By using a unified commerce…

A good business credit score opens your business up to more opportunities—and not just in terms of funding and cash flow.  Your business’s credit score can influence a supplier’s decision to work with you and the terms they’ll offer. A wholesale distributor, for example, might be more lenient on their repayment terms if you have a history of paying off credit on time. You could also secure more favorable interest rates with lenders if you’re backed by a strong business credit file. If you don’t currently have a great business credit history, it can be tempting to secure funding in…

Estimated read time: 2 minutes, 47 seconds Apple is the first company to be charged by European Union antitrust regulators under the EU’s Digital Markets Act (DMA), an act which is intended to “comprehensively regulate the gatekeeper power of the largest digital companies.” Reuters reports that “EU antitrust chief Margrethe Vestager cited issues with Apple’s new terms, saying that they fell short of complying with the DMA,” and that Apple may be able to avoid related fines if they modify their business terms to address those issues. Otherwise, the DMA violation fines could be as high as “10% of a…

Owning a business means being ready for anything, whether it’s investing in a new project or dealing with financial downturns. For small expenses, using savings or a business credit card may suffice. However, a business line of credit can provide a higher credit limit and lower interest rates than credit cards, giving you more flexibility in how you spend.  You’ll need to apply and get approved as with a business loan, but you won’t have to borrow money or pay interest until you use your account. What is a business line of credit?  A business line of credit (LOC) gives…

Massively boosting your brand’s revenue in just one day — mid-summer, no less — sounds like any ecommerce professional’s “Oh, I am dreaming about work again” dream, but a dream nonetheless.

Every week we publish a list of new products from companies offering services to ecommerce and omnichannel merchants. This installment includes updates on shoppable media, AI assistants, personalization, returns forecasting, installment payments, shipping platforms, discount ecommerce, and marketplaces. Got an ecommerce product release? Email releases@practicalecommerce.com. New Tools for Merchants: July 2, 2024 Shopify embeds AI across its platform. Shopify has introduced AI-related products during its semi-annual showcase, Shopify Editions. New features among the 150-plus updates include (i) an AI tool to suggest personalized replies to customer emails, (ii) Magic, an AI-powered media editor, now instantly suggests personalized and intelligent recommendations…

On Monday the United Nations General Assembly adopted a Chinese-sponsored resolution calling for richer countries to help developing nations benefit from AI. The non-binding resolution, entitled “Enhancing international cooperation on capacity-building of artificial intelligence”, was introduced by ​​China’s permanent representative to the UN, Fu Cong. Fu said that while AI technologies have had a profound impact on some countries’ socioeconomic development, developing countries have not been able to fully access and benefit from them. As the global digital divide widens, the resolution stressed “the need and urgency to narrow the disparities and assist developing countries in artificial intelligence capacity-building so…