SC247    Topics     Technology    Other    Pivotree

2023 Commerce Trends – Key Questions Answered

Economic downturns are transformational, often giving rise to new leaders, so to help you come out on top, experts from Pivotree share the top commerce trends for 2023, and best practices to maximize on these opportunities.

Commerce Businesses Feel the Squeeze

Thanks to a volatile 2022, warning lights are flashing in the global economy.

High inflation, drastic rate hikes, and the war in Ukraine continue to take their toll.

Recent numbers hint that the U.S. could make a narrow escape, thanks to a more resilient job market. However, the Bank of England forecasts a “very challenging” two-year recession in the U.K. that’s likely already in motion.

Recession or not, consumers feel the heat of high prices. Recent signs show a modest cooling, though household staples such as shelter, food, and energy have risen at a historically fast pace.

All this pressure means that commerce businesses need ways to become leaner and more fiscally responsible organizations.

Ironically, labor is an area where most companies run lean, though not by choice. Labor shortages continue to cause problems as vital roles remain hard to fill. And it’s not just for blue-collar jobs. A study by Gartner shows that 47% of CFOs say it’s difficult to find and hire valuable enterprise talent.

Consumer expectations keep accelerating - and Gen Z is the driving force.

As digital natives, Gen Zers are more likely to do their research online, have strong values and opinions, and recognize the power of social media when making purchasing decisions and holding companies accountable.

To respond, brands and retailers must provide a consistent customer experience across every channel. It’s also essential to keep your brand promises, which makes aspects such as reliable delivery and frictionless shopping critical.

Considering all this complexity, how can you provide the experiences and channels your customers want while facing labor constraints and a possible recession?

That’s the key question to answer in 2023.

Download this 2023 Commerce Trend guide and find out how to leverage a strategy and technology that will help you stay ahead, and find out why you need to create a frictionless customer experience by weaving together digital products with data management, commerce, and supply chain expertise.

Digital transformation is about to Change.

Log in to download this paper.
Remember me.
Forgot your password? · Not a member? Register today!

What’s Related

8 Ways a Warehouse Management System Can Improve Backorder Fulfillment
You've done everything right regarding 3PL inventory management and upped your re-orders; but despite your best efforts, you're still selling through your stock. This is good news ...
How Digital Commerce Can Survive and Thrive in Times of Inflation
Master Inventory Data Reconciliation between ERPs and WMS for Warehouse Excellence!
An Order Management System Can Increase Your Sales Conversion
How WMS & OMS Can Drive Customer-Centric Growth
More News
Unlocking the Benefits of a Microservices Based WMS for Warehouse Automation
Discover Pivotree's WMS solution, a modular, microservices-based WMS that gives organizations the flexibility to automate operations, address business needs and optimize systems on...
Navigating Modern Supplier Collaboration
In this guide we cover the journey of supplier collaboration, including how to increase sales and reduce costs with a Supplier Portal tool.
Harnessing ESG Data for MDM: A Strategic Advantage
While most CPG and Retail companies already have had sustainable goals such as recycled packaging content and becoming more energy efficient, they are being compelled to lead more ...
More Resources