Brand Focus Digital works tirelessly to keep you and our clients informed of the latest and greatest in the eCommerce industry. Please find some of this week’s main stories below. Questions or comments? Simply contact us and we’ll get back to you as soon as we can.
According to Bloomberg, “Some of the biggest names on Wall Street and in Silicon Valley—JPMorgan Chase, Advent International, Khosla Ventures among them—are pumping billions of dollars into mom-and-pops selling everything from tea kettles to jock itch remedies on Amazon.com Inc.”
The impetus for the investors’ actions lies in the hope that they can transform up-and-coming sellers into global brands. They claim to have the skills and experience to target strong products while avoiding “faddish” ones that fall by the wayside before hitting it big.
“About 40 Amazon aggregators have emerged in the past few years, according to people following the trend, with most of them still quietly seeking deals behind the scenes. Eight have announced fundraising rounds totaling more than $2.5 billion since 2019.”
BFD’s Take: If you own a brand already competing on Amazon, it is crucial to make sure you have an expert guiding you at every step of the way with Advertising, item SEO, set up, variations, reviews, etc. It will get more competitive in the coming months on both Amazon and other online platforms.
CNBC reports that Amazon “plans to buy half of the energy produced by a huge new wind farm in the Netherlands.”
According to the article:
“Amazon said the ‘Amazon-Shell HKN Offshore Wind Project’ will be its largest single-site renewable energy project yet. The offshore wind farm is expected to be operational by 2023.”
BFD’s Take: Amazon is keeping to their promise of being carbon neutral by 2030. I suspect they will beat that goal with initiatives like this one.
The National Grocers Association (NGA) recently announced that its in-person show will now be held in Las Vegas from September 19-21, 2021. The show was planned to take place in May. The September event will be held at the Paris Hotel and Casino.
Greg Ferrara, NGA president and CEO, said that "the safety of our attendees will continue to be our top priority. We are confident that, by employing best-in-class protocols and procedures, the 2021 NGA Show will be one of the best ever."
The NGA Show is managed by Clarion Events Food & Beverage Group.
BFD’s Take: This is following similar trends with other in person trade shows. I suspect you will see more “jockeying” around with dates in the coming week’s and months with other shows.
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