The impact of the cost-of-living crisis on eCommerce businesses

The current cost of living crisis is having a global impact, with Covid and events like the war in Ukraine playing a significant role. In the UK, Brexit has further contributed to slowing economic growth. It all points to people spending less as they become more cautious with their money. Consumers are feeling the pinch of the highest prices they've seen in a generation, with energy bills soaring, food costs rising, and mortgage interest rates reaching 15-year highs.  As a result, inflation hit a 40-year high of 11.1 percent last November, and while it is too early to predict its… [Continue Reading]