It’s retail tech’s time.
A 39% YoY rise in U.S. e-commerce sales in Q1 ($196 billion vs. $141 billion) shows how much online shopping has matured during the pandemic [Digital Commerce 360].
Now retail tech companies are transforming the global e-commerce infrastructure to connect companies and consumers, as they grow in digital sophistication.
Recent developments:
- E-COMMERCE & ENTERTAINMENT CONVERGE
Netflix partnered with Shopify to blend media & merchandise sales. Amazon bought MGM Studios to make Prime membership even more tantalizing. - AR DRIVES E-COMMERCE SALES
Virtual try-ons help online shoppers buy with confidence across categories like beauty, apparel and jewellery - WE’RE HUNGRY FOR CONVENIENCE
82% surge in U.S. grocery e-commerce sales since 2019, from $62 billion to an estimated $112 billion for 2021 [Insider Intelligence eMarketer]
Which 2021 retail tech trends stand out most for you?
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