Global Scans · Retail · Weekly Summary

• [New] The growth of online shopping shows no signs of slowing, with e-commerce sales projected to reach 23% of total retail sales globally by 2027. Passle
• [New] Updated lighting, new signage and digital wayfinding will join immersive retail experiences to enhance in-store shopping and help customers embrace Walmart's endless aisle. PR Newswire
• [New] For repair shops, Apple writes that service providers will no longer need to provide a device's serial number when ordering parts from the Self Service Repair Store for repairs not involving replacement of the logic board. Gizmodo
• [New] Companies from a variety of sectors, ranging from infrastructure to retail and technology, could launch IPOs in 2024. White & Case
• [New] While the economic impact of the Suez Canal disruptions from the Middle East conflict has been limited, sectors like automotive products, fertilizers, and retail have seen the effects of delays and higher freight costs. Mint
• [New] EU lawmakers voted to slash 40% of the food waste generated by households, retailers and restaurants by 2030, while toughening rules on textile waste linked to so-called fast-fashion. European Newsroom
• [New] Threat actors could leverage the apps, all of which have already been removed from the Google Play Store, to conceal a variety of cyberattacks. SC Media
• [New] As 2024 projected budgets become reality, many retailers see the need to manage supply chain costs. Ryder Website
• [New] Among consumers in Mexico cards are slowly displacing cash for in-store purchases and may provide a digital payments on-ramp that will boost online and omnichannel purchases. PYMNTS.com
• Over the next three years SmartFish Inc plans to expand from one retail store to 10 stores in Mexico City and other major cities. MIT SOLVE
• Retail media is expected to make up one-fifth of worldwide digital ad spend in 2024, reaching $140 billion. Digiday
• Although Amazon's proposition is likely to surprise people who are expecting more innovation in physical retail. The Interline
• Apple decreed that 3rd-party apps could only be installed via the App Store, which would review every app; free apps would not have to pay anything, while Apple would take 30% of paid apps. Stratechery by Ben Thompson
• As the world continues to embrace digital commerce, ecommerce sales are projected to soar to new heights, comprising a significant portion of total retail transactions. Mobile Marketing Reads
• By the end of 2024, retail media ad spend is expected to make up one-fifth of worldwide digital ad spend, scooping up $140 billion, which is up from the forecasted $115 billion in 2023. Digiday
• While programmatic retail media is on the rise, programmatic ad spending on mobile and desktop is forecast to be flat in 2024, or could reach single-digit growth. VideoWeek
• As alternative payment methods are forecasted to rule the world of e-commerce, online retailers opt for a variety of ways to cater to the changing consumer tastes. techprimex
• If the current global warming intensifies in the future, it could mean that the Southern Ocean stores less CO 2 and that more heat reaches Antarctica. ScienceDaily
• On Apple and Alphabet, EU investigators will look into whether the tech giants' app stores are in breach of the DMA's steering rules that mandate that they allow developers to let consumers know of payment methods outside their app stores. Tech Xplore
• Retail Media is one of the fastest-growing sectors in advertising and is expected to represent $150 billion in global ad spend by 2026. Criteo
• Many low- and middle-income countries continue to lack adequate systems for tracking progress to meet Sustainable Development Goal 12.3 of halving food waste by 2030, particularly in retail and food services. United Nations Environment Programme

Last updated: 18 April 2024