Seismic Shift Needed In Supply Chains As Retailx & Conjura Report Highlights Pressure On European Ecommerce Businesses

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Europe eCommerce Region Report 2022 – Conjura | RetailX

Research shows a plummeting supply of container ships and soaring Freight costs, pinpointing the UK as the most expensive European shipping destination.

DUBLIN, IRELAND, August 23, 2022 / / — Post-pandemic slowdown, war in Ukraine and global inflation have heaped significant pressure on the logistics ecosystem to source, provide and protect products, as well as on the eCommerce businesses who find themselves facing steeper prices and unreliable supply. The 2022 Europe eCommerce Region Report authored by Internet Retailing, through their research brand, RetailX in partnership with leading eCommerce data analytics platform Conjura , surveyed 34 European countries to determine current trends in European eCommerce and indicate where the retail sector may be headed. The report details how eCommerce businesses face headwinds in areas such as Covid 19, inflation, sustainability and supply chain but at the same time see tailwinds in internet adoption, movement to online purchasing, logistics improvements and ease of internationalization.

The ocean-cargo industry has been acutely impacted by the aftershocks from the pandemic as well as the war in Ukraine and the energy crisis. Fragility in the supply chain means transporting products long distance has become precarious. Manufacturers and distributors are battling to replace or refill inventories while big brands such as Italian clothing company, Benetton, German luxury fashion house, Hugo Boss, and Swedish-founded furniture firm, IKEA, have moved or expanded their factories in Turkey from previous locations in South East Asia.

With production shortfalls blamed for 75% of the current reduction in global volume of trade, obstacles in the supply chain account for the rest. Ballooning costs and short supply of material and containers result in raised prices, which are ultimately handed on to consumers. Some brands can absorb inflationary costs, and others […]

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