News: In Graphic Detail: E-Commerce

Sunday, July 16, 2023

In Graphic Detail: E-Commerce

July 17, 2023

Source: What's next for the future of E-Commerce in Southeast Asia, 2023

Addicted to online shopping?

🛍️ A survey conducted in 2023 by Ninja Van and Geopost shows that 19 percent of PH online shoppers account for 47 percent of total e-commerce purchases. This segment is called e-shopaholics.

🛍️ PH e-shopaholics shop online twice as much as the average e-shopper. Eighty-six percent are likely to buy directly from social media and 53 percent buy from brands they already follow. In addition, 44 percent of PH e-shopaholics make purchases according to recommendations of influencers they follow.

🛍️ The top three categories that PH e-shopaholics buy are beauty and healthcare; shoes, fashion, and jewelry; and small furniture and decor. e-Shopaholics check reviews in multiple platforms and are expert navigators in various channels and marketplaces.

The Philippine e-commerce market is projected to grow by about 15 percent this year amid the continued pickup in online shopping despite the reopening of brick-and-mortar stores, according to logistics solutions provider Locad.

Philippines, China sign e-commerce agreement

The Department of Trade and Industry has signed with the Chinese Ministry of Commerce an agreement to work more closely together to develop their respective e-commerce sectors.

DTI seeks speedy passage of Internet Transactions Act

The Department of Trade and Industry (DTI) is pushing for the quick passage of the proposed Internet Transactions Act (ITA), amid the continued prevalence of complaints from consumers related to transactions made over the internet.

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