article thumbnail

Wholesale B2B eCommerce: Platforms, Trends & Tools You Need

Groove

Introduction The explosive growth of wholesale B2B eCommerce is transforming how businesses operate in the wholesale industry. Valued at over $30 trillion in 2024 , the global B2B eCommerce market is growing faster than B2C, with a compound annual growth rate (CAGR) of over 16 percent.

article thumbnail

What Is B2B eCommerce? Everything You Need to Know

Groove

Business-to-business electronic commerce—or B2B eCommerce—refers to digital transactions of goods and services between two companies. While B2B eCommerce involves commercial exchanges, B2C consists of retail sales. B2B eCommerce platforms simplify transactions between businesses, no matter where they’re located.

B2B 287
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Launching Forrester Tech Tide™: B2B Payments Research

Forrester eCommerce

Forrester is launching new research focusing on technology innovation in the B2B payments space. We are on the lookout for companies that are automating and adding value to B2B payments services, particularly those driving innovation.

article thumbnail

B2B is the New Driver of Growth for Buy Now, Pay Later

Retail TouchPoints

Throughout the past few pandemic years, buy now, pay later (BNPL) has become the latest fintech trend to change how people pay for goods and services. A majority of American consumers have now used a BNPL service, up from 37.65% in July of 2020 — an increase of almost 50% in less than one year. Meeting B2B Business Needs.

B2B 305
article thumbnail

Alibaba Debuts Global B2B Sourcing Service Designed for SMBs

Retail TouchPoints

Alibaba.com , the global B2B ecommerce platform of Alibaba International Digital Commerce Group , has launched Alibaba Guaranteed, a program designed to help simplify global sourcing for small- and medium-sized businesses (SMBs). In addition to fulfillment by Alibaba.com, the platform handles finance tasks such as escrow and payment terms.

article thumbnail

How This B2B Merchant Tripled  Revenue With BigCommerce

Groove

The Challenge: Ballard Industrial is an online and in-person business that offers industrial supplies, services, and solutions both to businesses and directly to consumers. Unfortunately, their eCommerce platform was unable to facilitate transactions for most products offered, requiring customers to order through a phone call.

article thumbnail

Are Errors Hindering B2B Commerce Growth?

Retail TouchPoints

Your buyers expect accuracy, flexibility and a seamless purchase experience, yet order errors are a leading cause of frustration for B2B buyers. In fact, according to recent data, 68% of B2B buyers are discouraged from ordering online due to order errors. The answer lies in the inherent complexity of their business processes.

B2B 261