How E-commerce Trends Are Shaping Retail: The Future of Online Shopping
The rise of e-commerce has altered how customers shop and how they expect brands to handle customer service, personalize communications and provide options.
The future of e-commerce is in the hands of savvy professionals who can provide customers with a personalized, engaging online shopping experience.
To meet today's online shopper's demands, those entering a career in business administration must adopt the latest technologies and tools, such as data analytics, machine learning, and mobile trends.
Online marketplaces are changing the way customers shop as retailers adjust to the digital sales boom.
According to Internet Retailer, Amazon alone accounted for 40% of online retail and 43% of e-commerce growth last year.
Although online stores lack retail clerks and dressing rooms, they can use data to recommend products based on customers' interests, style choices, and preferences.
Capturing patterns of shopping behaviour is critical to the future of online shopping.
During peak shopping hours, a brand may run social media ads to promote items that are frequently purchased together or show an ad for a specific item that a consumer has previously viewed.
The recent surge in online shopping presents a unique opportunity for business professionals to enter the field of digital marketing.
With mobile e-commerce, you can shop anywhere, with no need for a physical store or a laptop.
So, what does mobile mean for online shopping in the future?
According to Statista, mobile retail accounts for 45% of online orders, so smart brands create a mobile-friendly e-commerce experience.
When a customer adds items to a cart on a mobile device and then moves to a desktop computer, the information should update in real-time to create a seamless shopping experience.
The shopping experience on the internet is more personal, accessible, and data-driven than it has ever been.
As the industry develops, business professionals have the opportunity to have a significant impact on the future of online shopping.