Global Diversified Marketing Group Adopts a Digital Approach, Looks to Build New and Acquire Existing Ecommerce Assets
Global Diversified Marketing Group Reveals New Business Model to Strengthen Its Digital Footprint
News provided byGlobal Diversified Marketing Group, Inc.
Jan 25, 2023, 8:30 AM ET
ISLAND PARK, N.Y., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Global Diversified Marketing Group Inc., Delaware corporation (OTC: GDMK) (the “Company”) is pleased to announce that the company will start implementing a new business model that looks to expand its digital footprint. At present, 90% of business for GDMK comes from its brick-and-mortar stores and ecommerce only accounts for the remaining 10%. The goal of the new business model is to increase the percentage of digital/ecommerce business to 90% of its total sales volume. Responding to the global trend of steadily growing ecommerce sales and is all set to shift its focus on this new business model with the goal of achieving a 90/10 ratio between its digital and brick-and-mortar business with 90% being ecommerce and 10% brick-and-mortar.
In 2020, e-commerce sales accounted for over 14 percent of all retail sales in the United States and were forecast to rise to nearly 22 percent by 2025. Revenue from retail e-commerce in the United States was estimated at roughly 905 billion U.S. dollars in 2022. The Statista Digital Market Outlook forecasts that by 2027, online shopping revenue in the U.S. will exceed 1.7 trillion dollars.
A 2018 poll indicated that 56% of Americans liked the convenience of being able to find what they needed without having to go to a store. According to Pew Research, 31% of Americans admit that they remain online constantly, while 48% report going online several times a day. This explains the fact that 76% of Americans are online shoppers and 62% of them shop online regularly, which means that they make an online purchase more often than once per month.
Global Diversified Marketing Group Inc. operates as a global diversified holdings company through several divisions with one of its divisions as a global multi-line consumer packaged goods (“CPG”) with branded product lines. Another division is involved with acquiring ecommerce assets as well as private businesses in various verticals and scales them up. In order to embrace a more digital business model, GDMK has made some key acquisitions as well as expansions in 2022 and the same approach is likely to intensify in 2023.
Paul Adler, President & CEO of Global Diversified Marketing Group, stated: “About 70% of people in the USA shop online. As we are transforming our business model towards being more digital this will improve our margins from 30%+ to 60%+ and receivables will be instantly collected versus a Net 30 and Net 60 terms. This is major step because ecommerce sales for 2022 were $905 billion and it continues to show growth of double-digit numbers year over year.”
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About Global Diversified Marketing Group
Headquartered in Island Park, NY - Global Diversified Marketing Group Inc (OTC: GDMK) operates as a global diversified holdings company through several divisions with one of its divisions as a global multi-line consumer packaged goods (“CPG”) with branded product lines. Another division is involved with acquiring ecommerce assets as well as private businesses in various verticals and scales them up.
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Certain statements in this announcement are forward-looking statements and are prospective in nature. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, many of which, by their nature, are inherently uncertain and outside of the Company's control and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements.
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Global Diversified Marketing Group Inc
Paul Adler, Chairman, President & CEO