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Some forecasts suggest online retail might be responsible for half of all retail revenues by next year. In what McKinsey refers to as “the e-commerce catch-22,” many retailers with significant growth in ecommerce sales through 2020 and 2021 saw their margins decline.
For example, a battery regulation passed by the EU in July 2023 mandates the adoption of QR-code based digital battery passports starting from February 18 th , 2027, for all electric vehicle, light mobility vehicle and industrial batteries with a capacity greater than 2kWh.
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