European e-retailers can already see the light at the end of the tunnel, despite the fact that the players in the sector had to reckon with stronger competitors than ever before this year. The professional organization Ecommerce Europe has just published survey according to this year, the area may finally increase.
According to the professional association’s research covering 38 European markets, this year’s revenue of regional e-commerce could reach 958 billion euros, which represents an 8% increase compared to last year’s level – in real terms, i.e. including the effect of inflation in the formula, however, only around 5% is expected expansion.
Home office: a bright symbol of power
The topic of IT people returning to the office is a real hornet’s nest.
In recent years, not only European, but also other regional traders were shocked by the inflationary effect, which brought about the rapid rise of Chinese online stores, similar to Temu, offering dumping of cheap products.
In addition to professional organizations, the “Temu phenomenon” is already being dealt with at the governmental level in more and more countries, including Hungary, as the Chinese webshop ignores some of the local laws according to complaints from local competitors.
According to PDD Holdings, which operates the webshop, the company fully complies with local regulations and supports local market players by opening its marketplace to them.
Source: www.hwsw.hu
