Data Shows 15% Increase in Construction & Real Estate

Data Shows 15% Increase in Construction & Real Estate

Alibaba.com, the business-to-business (B2B) business unit of Alibaba Group and one of the largest global B2B trading platforms, just released the February edition of Alibaba.com B2B Pulse. The monthly report shares relevant macroeconomic data and Alibaba.com platform trading patterns in various industries to provide insights into what’s happening in B2B trade, what we might see in future B2C trends, and the broader economy.

Key demand trends on the platform:

  • US B2B daily demand has steadied, but digitized US SMBs are optimistic 
    • February’s data shows that after a year of consistent growth, daily demand in early 2022 returned to end of 2020 levels, but - according to Alibaba.com’s recent survey of U.S. SMBs - digitized U.S. SMBs have a bright outlook: digitized businesses are significantly more optimistic about the future of their own business (91%) compared to their analog counterparts (80%).
  • “Beauty & Personal Care” and “Consumer Electronics” enter the top 5 U.S. demand categories, replacing “Machinery” and “Vehicles & Accessories”
    • The top U.S. demand categories for February 2022 remain largely consistent with February 2021, with “Machinery” and “Vehicles & Accessories” exiting and “Beauty & Personal Care” and “Consumer Electronics” entering the top five; top categories include:
  1. Apparel, up from the #2 category in Feb 2020
  2. Home & Garden, up from the #4 category in Feb 2020
  3. Beauty & Personal Care, which was not in the top 5 in Feb 2020
  4. Consumer Electronics, which was not in the top 5 in Feb 2020
  5. Sports & Entertainment, down from #1 in Feb 2020
  • “Construction & Real Estate” category makes the biggest month-over-month jump, followed by “Office and School Supplies”
    • Demand for elevators and escalators drove a 15% month-over-month increase in Construction and Real Estate daily demand between January 2022 and February 2022.
    • Demand for notebooks and writing pads, increasing demand “Office & School Supplies” by 8% from January 2022 to February 2022

Additional data and insight into what are impacting U.S. B2B SMBs from the Alibaba.com B2B Pulse can be found here.

Events
will be held January 26th, 2023, Noon to 4 PM EST with Atlanta locals in person and rest of country virtual via Zoom.

Read more BELOW

January 26th, 2023
The 13th Annual Hybrid Summit will be held on January 26th, 2023 Noon to 4 PM EST.

Virtual Women in Construction: Building Connections will be held on December 14th, 2022, 1 PM to 2 PM EST via a Zoom.

2022 Virtual Men’s Round Table & 2021 Wrap-Ups 

The 2022 Virtual Men’s Round Table will be held in December 2022, from 1 to 3 PM EST via Zoom.

News

Tony Roma’s maps growth plans with new formats

Romacorp, the parent of barbecue chain Tony Roma’s, has created a smaller format prototype and is preparing to launch a fast-casual concept called Bones & Burgers in Tampa, Fla., next month. The company aims to open about 200 new locations over the next 10 years,

Spplements/Podcast
See Website for Details