Snap's ecommerce integrations; Fed's rate hikes

The daily current header

Ecommerce has been a boon to small businesses beyond the major metros. In a recent survey, 57% of small rural sellers said their most-used sales methods were online marketplaces and web stores. The Connected Commerce Council shared tips to help them make the most of an environment where location is no longer a determinant of opportunity.

Snap has new ways for brands and retailers to engage, thanks to a pair of partnerships with ecommerce platforms. Amazon Fashion is making virtual try-on for glasses available through Snapchat. Meanwhile, a new BigCommerce integration will make it easier for stores on that platform to sync catalogs and run ads.

One of the top carriers is entering the busy holiday season with “a little flex in the network,” and hasn’t staffed up at its normal rate, FedEx Chief Customer Officer Brie Carere told Supply Chain Dive. While this indicates that the company will not see year-over-year growth, it does leave space to bring on new businesses in search of additional logistics capacity. – Supply Chain Dive

For the fourth straight meeting, the Federal Reserve delivered a big interest rate hike to the economy as it seeks to bring down inflation. Fed Chair Jerome Powell said that a dip in consumer spending was among the signs that the economy is slowing. But inflation isn’t coming down and the job market is still running hot. The central bank now thinks it will have to raise rates even higher than it previously expected.

For those items that you just can’t find the words to explain, Etsy now allows users to insert a photo into the search bar. It comes at a time when search is getting more visual. Read all the way to the end for a snapshot of the marketplace’s third quarter earnings, and holiday outlook.

Tweet of the Day 🐦

Were you forwarded this email by a friend or colleague?