Despite widescale layoffs in 2022, technology companies made up more than 40% of Glassdoor’s Best Places to Work list in 2023. You might notice that two regular winners, Apple and Meta, did not make the top 100 this year. - From Visual Capitalist
Experts predict worldwide retail e-commerce sales will soar from about 5 trillion US dollars to just over 8 trillion dollars by 2026. The average American checks their phone once every 10 minutes.Mobile devices account for 71% of retail traffic and generate 61% of online shopping orders. - From The Future of Commerce
The 2023 Gartner CIO and Technology Executives Survey shows Retail CIOs are prioritizing growth and customer experience. This infographic will show you how your peers are investing in tech to deliver on digital initiatives.
There are 4.76 billion social media users in the world or 59.4% of the global population. It grew by 137 million over the past 12 months. Average time spent 2 hours and 31 minutes per day on social media. Added together, the world spends close to 12 hours using social media every day. - From DataRePortal
One telling observation from the data above is that none of the risks left a majority of experts feeling confident in our ability to prevent the risk from occurring, or prepared to mitigate its impact. As the 2020s are shaping up to be a turbulent decade, that could be a cause for concern. - From Visual Capitalist
The markets in 2022 were characterized by a lot more pain than gain. In absolute terms, Apple is the biggest loser on the year, shedding $846 billion from its market cap. Meta, which is in the midst of building out its vision for a “metaverse”, also saw one of the biggest declines, shedding $464 billion in market cap. - From Visual Capitalist
By the end of 2022, COVID-19 dropped from the No. 1 concern (35%) in January to the No. 10 spot with a mere 11% saying it was a top worry in their country in December. The cost of living passed the pandemic as the No. 1 concern. - From IPSOS
In 1960, the U.S. made up nearly 70% of global R&D spending, and by 2020 this had fallen to 30%. Switzerland ranks at the top for the 12th year in a row—above the U.S., South Korea, and Israel. Globally, four of the five top R&D spending companies are in America: Amazon ($42.7 billion), Alphabet ($27.6 billion), Microsoft ($19.3 billion), and Apple ($18.8 billion). - From Visual Capitalist
The global population is getting older. By 2050, the OECD predicts that 30% of people worldwide will be aged 65 or over. North America only has two countries included in the ranking: Canada (#15) and the U.S. (#18), which both rank relatively high. - From Visual Capitalist
Shoppers are back in stores (76%) and their expectations are creating the “next normal.” But it won’t be the same as the old one. Today’s connected consumers have adapted to having purchases available for pickup and delivery, using self-checkout, and mobile payments. Tech-savvy retailers and associates can impress customers with expertise and efficiency. – From Retail Touch Points
Overall, the report found that it’s hard for brands to win with Gen Z. Across all brands that were scored, 33% of the general American public rated them as favorable, but for Gen Z respondents the number dropped to 27%. - From Visual Capitalist
Inflation will magnify consumer price-consciousness and leave many online shoppers less willing to spend as much on holiday gifts as in the past. Shoppers expect deeper discounts and will rely more on comparison shopping and price matching. - From Digital Commerce 360
In just 48 years, the world population has doubled in size, jumping from four to eight billion. Of course, humans are not equally spread throughout the planet, and countries take all shapes and sizes. When will the world's population reach 9 billion? - From Visual Capitalist
The ratio of failed eCommerce businesses to the successful ones is at declining levels, as 8 out of 10 online stores get abandoned within 24 months of their early growing stages. 23% shoppers are most happy to pay nothing more than the price of the product they are buying, i.e. free shipping. - From Business2Community
52% of consumers are more likely to be loyal to a retailer if they receive a personalized experience. 84% of consumers believe that in order for physical stores to survive, they need to make it all about customer experience. 62% of shoppers are more loyal to brands which send promotions while in-store. - From Infographic Journal
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