Our take on the latest in mobile, tech, and business.
As we head into the busy holiday season, concerns about a recession are growing ever louder. According to Bloomberg’s latest monthly survey of economists, there’s now a 60% chance of a recession occurring in the next year, up from 50% in September and compared to a 30% chance six months ago.
At the onset of social media (think MySpace) the networks were created as a way to connect with people you already knew, or wanted to interact with. It’s hard to imagine the creators of these platforms could have ever dreamed they would be facilitating millions of online business transactions per day, but that’s exactly where we are.
Why are so many companies (retail, consumer goods, grocery, etc.) investing in mobile e-commerce applications? To put it simply, they’re following the money. Statista projects e-commerce sales from mobile devices will surpass $432 billion (with a “b”) by 2022. That’s a lot of cheddar.
The COVID-19 pandemic took retailers through a range of emotions and actions. First, there was fear as grocery stores (for some reason) ran out of toilet paper. Then there was adaptation as businesses did the best they could given the circumstances. Now, retailers are focusing on innovation as we all do our best to operate in the new normal.
for bits, pixels, and tote bags.
