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- Moxii Round Up - November 3, 2023
Moxii Round Up - November 3, 2023
Happy Friday! It’s the end of a long holiday break but we’ve still got some headlines before heading off for the weekend. Find out about FedEx PH’s self collection lockers, the dirty world of chargebacks and the true power of India’s physical shops.
FedEx Philippines now offers self collection
🇵🇭 Pick up point: Filipinos now have the option to pick up their own packages thanks to FedEx. This gives buyers more flexibility on how they want to receive their packages.
How it works:
The dirty world of chargeback fraud
❓️ What it is: Chargeback fraud is when a customer disputes directly to the bank or card issuer instead of the merchant. This allows the customer to get a refund while still keeping the merchandise
Right now its a big problem for the ecommerce industry:
Retail touchpoints released their strategies for defense here 👇️
80% of Indian retailers do not see ecommerce as a threat
🛍️Unbothered: Despite India gaining 125 million online shoppers in the past 3 years, offline shops continue to dominate and are unfazed by the rise of online shopping.
A NeoGrowth survey of 3000 Indian retailers from 25 cities revealed that:
🛒 Only 18% say that sales have been impacted by online selling platforms
👕 Ecommerce had the least impact on FMCG and retail, F&B and Consumer Durables and electronics
💵 90% of shops make most of their sales offline
📱 Online shopping only jumps during sales and discounts, where 35% only buy during this time
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