Magento Highlights of 2020

Magento Highlights of 2020 main

This year was filled with various events that will be remembered by the entire e-commerce industry. Without further ado, let’s rewind and take a closer look at the most influencing Magento events of 2020.

Covid-19 Pandemic and E-commerce 

The coronavirus pandemic remains an event that has made the whole year and has affected every business industry. If we touch upon the commerce industry as a whole, then everything is not so simple. At the beginning of the pandemic, retail stores were hit hardest. They were forced to close due to full lockdowns, thereby suffering significant losses.

Meanwhile, e-commerce began to experience an unprecedented surge in popularity. People who stay at home did not lose the desire to purchase goods, and online shopping remained the only way to get the desired products. This has led to incredible traffic growth on e-commerce websites, as many owners of such businesses have announced.

However, the growth in traffic and sales has led to an increased load on delivery. The problem worked both ways. While buyers complained about significantly increased delivery times, sellers struggled to cope with disruptions in the supply of goods to warehouses.

The crisis got to the point that online sales giant Amazon had to impose strict restrictions on importing goods into its warehouses. To optimize work, Amazon has prioritized essential goods such as food, medicines, hygiene products, and so on. Such categories were accepted to warehouses faster than goods of other categories.

Also, cases of speculation and irrelevant descriptions among sellers have become more frequent. In the wake of widespread concern and general scarcity, such unscrupulous sellers inflated essential goods’ prices to fantastic heights. Many sales giants like eBay and Amazon have imposed severe penalties on such sellers, blocking accounts, and recommending customers to buy goods from trusted sellers.

However, the situation with a high load on delivery services and speculation has leveled off over time. The e-commerce industry has adapted to the global situation and now works without interruptions.

Magento Imagine 2020

Covid-19 has also transformed Magento Imagine, an annual event in the world of the e-commerce industry. In the past years, it was a grand event that brought together many entrepreneurs, influencers, and industry enthusiasts to share their experiences and be the first to know about Magento's new products. In 2020, the whole event has transformed completely.

The organizers completely redesigned the concept of the event, and now Magento Imagine has moved completely online. Besides, the event became absolutely free, and anyone could join it.

On March 31, dozens of conferences and presentations from leading industry influencers awaited all the participants. However, the main event of Magento Imagine was the announcement of Magento 2.4 and its release date in the third quarter of 2020. The developers talked about the update’s main features: 

  • PWA for B2B and a full set of extensions for the market;
  • Integration with Adobe Stock Images;
  • Redesigned and updated online payments and much more.

Magento Imagine 2020

Cease of Magento 1 Support

A significant event for every entrepreneur was the end of official support for Magento 1 on June 30, 2020. Many knew that this would happen sooner or later, but this understanding did not make the event any less sad. Magento 1 has been a top-tier platform for 13 years and has helped entrepreneurs deliver the best service to their customers through a wide range of features, simplicity, and flexibility.

At the moment, there are approximately 170,000 websites made with Magento 1 according to BuiltWith. However, this number is falling steadily. There are two reasons for this. On the one hand, the threat from hackers is growing, and on the other, a modern alternative has appeared in the form of Magento 2. Magento 2 is offering even more features and modern security standards.

Release of Magento 2.4

This Magento update was highly anticipated and was released on July 28. It brought many improvements and useful features that made the operation of stores much more efficient and convenient.

As a result of technical changes, the platform became completely independent from MySQL, and ElasticSearch was implemented instead. Besides, the platform has moved to the new PHP 7.4 version. Thanks to these changes, the performance of all websites based on Magento 2 increased by 30%.

In addition to technical improvements, the update could brag with the Media Library overhaul. The platform now supports Adobe Stock, allowing customers to view images on the website directly from Adobe Stock.

Do not forget about the minor changes in the form of additional options in the order confirmation and shopping assistance for customers.

Wrapping Up

As you can see, 2020 has been a busy year for various events that have influenced the e-commerce industry. We hope that next year will delight us with discoveries and events that will revolutionize the Magento industry and e-commerce in general. And to always be aware of events and receive first-class Magento service, do not hesitate and write to us. Our team will be happy to answer all your questions. Happy New Year to you!

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