By the year 2040, it’s estimated that 95% of all purchases will be through ecommerce.
Customers looking for their next purchase will search online using their digital devices. The rise of the customer-driven economy and the pandemic has sped up this shift to online, increasing the competition and the need for exceptional shopping experiences. Rapid results, frictionless journeys and personalised recommendations are baseline expectations that you need to live upto.
According to predictions for 2023, despite the economic uncertainty, consumer spending will increase by a 5% average across categories. And Modern Retail anticipated that ecommerce sales would make up 20.8% of all retail sales globally. So there’s still plenty of opportunity to gain new customers.
Today, to remain competitive, win customers and achieve growth, invest in customer-centric strategies that drive brand trust, perception, and personalised interactions. Performance marketing is no longer enough.
The path to growth is customer-centricity
Now, more than ever is the time to get your product discovery right. There’s an opportunity to differentiate your ecommerce experience by creating fast, seamless, and personalised shopping journeys. So, what are the must-have product discovery features to help you win loyal customers and increase sales in 2023? Let’s find out.