The Order : Weekly Aggregator Roundup - Mensa Brands & Shopify apps

Jun 05, 2022

Chart of the Week:

CNBC this week in its article "Walmart is using its thousands of stores to battle Amazon for e-commerce market share" details how Walmart - the biggest retailer in the US, is stepping up its eCommerce business to compete with Amazon which currently owns ~40% of the US eCommerce market while Walmart is at 7%. This CNBC 🎥 video: "How Walmart Is Betting Big On Stores To Catch Amazon In E-commerce" details further how Walmart is catching up.

After the Covid boom, a slowing, industry-wide growth however also hits Walmart:

Funding Craze 💰

Movers & Shakers

Mensa Brands is pushing internationally with 30% of the company’s revenue already coming from outside India: "Mensa Brands expands into US, Middle East, other global markets" [Economic Times]
AppHub, Assembly, Pantastic, and WeCommerce: "Shopify app creators are cashing out with million-dollar deals as well-funded companies start to flood the space looking for acquisitions" [Business Insider]

Strategy 📈

Inside the Perfect Storm Battering the Amazon Aggregator Ecosystem [The Information]
Resetting E-Commerce Expectations [Marketplace Pulse]
US-based sellers profiting from scrutiny against Chinese sellers? "An American comeback on Amazon" [The Strait Times]
Amazon is launching an invite-based ordering option starting with PS5 & Xbox Series X [Techcrunch]
Dave Clark departs after 23 years: "Amazon Consumer Chief Exits as Jassy Hints at More Change" [Bloomberg]
"Walmart Intros 4 Next-Gen Fulfillment Centers" [PYMNTS]
Shopify encourages its employees to launch stores as side hustles. This entrepreneur quit the company to run his store full time and now generates about $30,000 in monthly sales. [Business Insider]
India lines up banks for e-commerce effort to take on Amazon, Walmart [Reuters]
Explainer: What is ONDC, India's project for an open e-commerce network? [Reuters]

Events 🎤

Let's make this week count,

Christian