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An optimized livestreaming shopping process and experience holds the key to attracting consumers in addition to cost performance. According to the Nielsen study, some of the reasons why consumers are hesitant to use livestreaming e-commerce platforms are due to product quality, after-sales problems, less-than-appealing discounts, as well as being unable to obtain the product.

Analysts noted that consumer spending appeared to taper off after a second round of stimulus checks failed to materialize from the federal government. The extra 0 in weekly unemployment benefits in the first stimulus package, known as CARES, also dried up.

And it is not just companies like Rio Tinto that are interested in the initiative. Multilateral groups, such as the B20 as you can imagine, are watching the progress closely.

And I think the other fact is that people are really built into the?equation is that the return rate on the soft goods is incredibly high.?I think its 38% of eCommerce purchases of soft goods that are bought?online or returned in the bricks and mortar store.

Andy Jassy