6 Retail E-commerce Strategies to Increase you Bottom Line
Retail e-commerce sales are predicted to grow double-digits in 2023. Emarketer projects that by 2023 worldwide e-commerce sales will total $6.169 trillion and make up 22.3% market share of total retail sales.
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White Paper Overview
Marketplaces are a huge area of growth and the Covid-19 pandemic accelerated the industry by a decade in just 3 months, what McKinsey coined "the quickening". This means retail businesses must be willing to adapt quickly and embrace new technologies if they want to stay competitive.
LEARN ABOUT SUCCESS FACTORS SUCH AS
Increasing product assortment at a low cost
New revenue streams and commission on sales equal increased profit.
Become the one-stop-shop for your customers with a broad offering, increasing retention.
Rely on your merchants' expertise so you can focus on which strategies result in the highest profit.
Local merchants in different time zones facilitate internationalization and a 24/7 business.
This white paper is for you if you
Want to know why B2B marketplaces are a huge area of potential
Need to make sure you get your B2B marketplace right
Seek information on further reading about marketplaces
Get a preview of the white paper below
What does it mean to “go headless”?
In essence, headless means a front and back-end which function independently and are ‘de-coupled’. This allows companies to be more agile and adaptable, and tailor their front-end with evolving customer demands. Most traditional e-commerce systems are monolithic, where the front and backend systems are inextricably linked, and have very little room for flexibility.
“By 2023 prices for B2C digital commerce platforms will be 30% less than 2019, due to feature commoditization and "headless" implementations”
"2021 Magic Quadrant for Digital Commece", Gartner, 31 August 2021
Going headless means it’s easier to connect various sales channels such as mobile, social, wearables, voice assistants and more.