SlideShare a Scribd company logo
1 of 27
Future proof
your online
retail strategy
John Glasgow
Director, Commerce Strategy
Adobe
The Future’s Bright, The Future’s Digital
Between 2018 and 2021, the
number of people making
purchases online is projected
to rise from 1.8 billion to 2.1
billion
M-Commerce is projected to
nearly double in sales
between 2018 and 2021, with
its contribution to overall
retail E-Commerce sales
rising to 73% by the end of
2021
By 2022, 1/5 of global online
retail sales is projected to be
cross-border, up by +5% from
2016.
B2C and C2C E-Commerce sales
of products & services worldwide*
is forecasted to rise to $4.59
trillion by 2021 and account for
17.5% of the world’s overall retail
sales, up from 11.9% in 2018
* excluding travel and event tickets
© 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
© 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
43% of US enterprise-sized
chains offer BOPIS
Vs
27% of all US retailers
Amazon Prime Day 2019
drove
a 70% lift in revenue for large
retailers
Vs
SMB retailers saw a 28% jump
in online sales
Opportunities for Growing Brands
© 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Order Management is required to compete
Customers expect high quality commerce experiences
Customers want seamless customer service
Omnichannel features put pressure on retailers
Delivering on these demands is complex.
Amazon Doubles Down, Walmart Raises
“Our goal is to evolve the
two-day free shipping
program into the one-day
free shipping program, and
we’re making strides on
that”
“We’re adding free NextDay delivery
on a wide range of general
merchandise from Walmart.com,
without a membership fee.”
POST PURCHASE
Delivery is a critical part of the experience journey. Your job
is not done with the “Buy Button” click
© 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
Commerce Intelligence
Expectation vs. Reality
of consumers expect
a personalized
experience
of organizations
believe they are
creating a personalized
consumer experience
85% 10%
Researchscape (2019)
10%
Conversion rates
14%
Lift in RPV
Intelligent commerce drives results
19%
Uplift in sales
14%
Click-through rates
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
WE.RETAIL
INDUSTRY
AVG.
% REPEAT VISITS 12% 10%
BOUNCE RATE 50% 40%
SITE LOAD TIME 3.4 SEC 2.5 SEC
WE.RETAIL INDUSTRY AVG.
PAGE VIEWS PER
VISIT
9.2 8.6
TIME ON SITE 10.2 min 9.1 min
ADD TO CART 10% 20%
WE.RETAIL INDUSTRY AVG.
% NEW
CUSTOMERS
85% 80%
% REPEAT
CUSTOMERS
10% 8%
% LOYAL
CUSTOMERS
5% 12%
WHATSAPPCOMMUNITIES
IOTEMAIL DISPLAYSEARCH
BILLBOARDSBLOGSDIGITAL TVVOICE
AMAZON
LINKEDININSTAGRAMSNAPCHATTWITTER
PINTERESTFACEBOOK
Personalize the entire customer journey
AWARENESS
“I have a need.”
DISCOVERY
“How can I address my need?”
SHOP
“What is the right product?”
PURCHASE
“I want a frictionless buying
process.”
POST PURCHASE
“How do I obtain simple and seamless
support?”
Buy Use RenewTryDiscover
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Superior
Shopping
Experiences
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
By 2022, 50% of people’s
conversational commerce
interactions will involve visual
elements
By 2022, 25% of digital
commerce interactions will
feature a form of immersive
technology
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Digital First Business Models Redefine Buying Behaviours
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Online Becomes “Preferred Channel” for High Consideration
Purchases
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Augmented
Experiences
Mature
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Re-Imagining Shopping Experiences with Immersive 3D and AR
Product Media
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Payment RequestOffline supportAdd to Home Screen Native app experiences
The future of mobile: Progressive Web Apps (PWAs)
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Brands Become Retailers / Retailers Try to Become Brands
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
What’s your long-term strategy: supplier, retailer or both?
65% of Adobe
merchants sell on
third-party
marketplaces
65%
3% of Adobe
merchants have their
own marketplace
3%
75% of digital
commerce
transactions will run
through marketplaces
by 2021
75%
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
You're succeeding on Amazon.
Now it's time to grow your
branded web store.
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Evolution of Digital Commerce
B2C B2B M2MB2E
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
§ Cloud hosted on AWS
§ Bi-directional data
§ Fast Time-to-Market
§ Amazon Payments
§ Fulfillment by Amazon
§ Multi-Channel Fulfillment
Magento Commerce branded stores for Amazon sellers
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Future
1H19
AdvertisingMarketplace
Today
© 2019 Adobe. All Rights Reserved. Adobe Confidential.
Our new eBook will help you get off the ground.
See you at
happy hour!
https://info2.magento.com/Guide-Web-Branded-Stores.html
Future Proof Your Online Retail Strategy

More Related Content

More from Tinuiti

More from Tinuiti (20)

Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
Bottom of Funnel Conversion: What Your Brand Can Do if Sales Are Down in Q1
 
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTTThe 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
The 15-Minute Breakdown: Clarifying the Misconceptions Behind Buying CTV/OTT
 
5 Myths About Breaking Into the Streaming Space, Debunked
5 Myths About Breaking Into the Streaming Space, Debunked5 Myths About Breaking Into the Streaming Space, Debunked
5 Myths About Breaking Into the Streaming Space, Debunked
 
Turning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Turning Shoppers Into Customers: How to Retain Your New Customers Post-HolidayTurning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
Turning Shoppers Into Customers: How to Retain Your New Customers Post-Holiday
 
The 15-Minute Breakdown - 5 Big Bets for 2023
The 15-Minute Breakdown - 5 Big Bets for 2023The 15-Minute Breakdown - 5 Big Bets for 2023
The 15-Minute Breakdown - 5 Big Bets for 2023
 
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
2023 Digital Marketing Panels: How Can I Be More Efficient With My Budget and...
 
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
2023 Digital Marketing: How Do I Reach New Customers and Convert Audiences In...
 
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
2023 Digital Marketing Panels: How Can Social Perform Now That Content Is Cha...
 
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
2023 Digital Marketing Panels: How Do I Effectively Use My Data, Especially N...
 
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
2023 Digital Marketing Panels: How Do I Diversify My Presence Online and Get ...
 
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
2023 Digital Marketing Panels: How do I prepare for what’s next in 2023?
 
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
(Another) Wild Year in Data Privacy: What Went Down in 2022 & What to Expect ...
 
How to Engage New-to-Brand Amazon Customers in 2023
How to Engage New-to-Brand Amazon Customers in 2023How to Engage New-to-Brand Amazon Customers in 2023
How to Engage New-to-Brand Amazon Customers in 2023
 
The New Power Couple: Retail Media & Influencer Drive Conversions
The New Power Couple: Retail Media & Influencer Drive ConversionsThe New Power Couple: Retail Media & Influencer Drive Conversions
The New Power Couple: Retail Media & Influencer Drive Conversions
 
TikTok Roundtable: Advanced Best Practices Across Creative, Advertising, Tren...
TikTok Roundtable: Advanced Best Practices Across Creative, Advertising, Tren...TikTok Roundtable: Advanced Best Practices Across Creative, Advertising, Tren...
TikTok Roundtable: Advanced Best Practices Across Creative, Advertising, Tren...
 
The Always-On Approach: How to Continually Improve Your Streaming Advertising...
The Always-On Approach: How to Continually Improve Your Streaming Advertising...The Always-On Approach: How to Continually Improve Your Streaming Advertising...
The Always-On Approach: How to Continually Improve Your Streaming Advertising...
 
How to Build Your Brand with Kroger Precision Marketing
How to Build Your Brand with Kroger Precision MarketingHow to Build Your Brand with Kroger Precision Marketing
How to Build Your Brand with Kroger Precision Marketing
 
YouTube Measurement: Proving Out Performance on the World’s Second Most Visit...
YouTube Measurement: Proving Out Performance on the World’s Second Most Visit...YouTube Measurement: Proving Out Performance on the World’s Second Most Visit...
YouTube Measurement: Proving Out Performance on the World’s Second Most Visit...
 
Budget Cuts? How to Prepare for the Economic Uncertainty with Conversion Rate...
Budget Cuts? How to Prepare for the Economic Uncertainty with Conversion Rate...Budget Cuts? How to Prepare for the Economic Uncertainty with Conversion Rate...
Budget Cuts? How to Prepare for the Economic Uncertainty with Conversion Rate...
 
Harvest Season: Building & Utilizing 1P Data to Boost Retention & Loyalty
Harvest Season: Building & Utilizing 1P Data to Boost Retention & LoyaltyHarvest Season: Building & Utilizing 1P Data to Boost Retention & Loyalty
Harvest Season: Building & Utilizing 1P Data to Boost Retention & Loyalty
 

Recently uploaded

FAQ Settings-ZenBasket Your Ecommerce Solution
FAQ Settings-ZenBasket Your Ecommerce SolutionFAQ Settings-ZenBasket Your Ecommerce Solution
FAQ Settings-ZenBasket Your Ecommerce Solution
Deborahnich
 

Recently uploaded (9)

Transform Your Outdoor Space: Landscaping with Plants in Singapore
Transform Your Outdoor Space: Landscaping with Plants in SingaporeTransform Your Outdoor Space: Landscaping with Plants in Singapore
Transform Your Outdoor Space: Landscaping with Plants in Singapore
 
Don’t Get Showroomed- Are you frustrated with showrooming?
Don’t Get Showroomed- Are you frustrated with showrooming?Don’t Get Showroomed- Are you frustrated with showrooming?
Don’t Get Showroomed- Are you frustrated with showrooming?
 
The 2024 Prime Day Panel: From Preparation to Profit
The 2024 Prime Day Panel: From Preparation to ProfitThe 2024 Prime Day Panel: From Preparation to Profit
The 2024 Prime Day Panel: From Preparation to Profit
 
Mira Road Comfortable Call Girls -07506202331-Terbhi Genuine Call Girl
Mira Road Comfortable Call Girls -07506202331-Terbhi Genuine Call GirlMira Road Comfortable Call Girls -07506202331-Terbhi Genuine Call Girl
Mira Road Comfortable Call Girls -07506202331-Terbhi Genuine Call Girl
 
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime AgartalaHifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
Hifi Agartala Escorts Service Girl ^ 9332606886, WhatsApp Anytime Agartala
 
Supermarket Floral Ad Roundup- Week 19 2024.pdf
Supermarket Floral Ad Roundup- Week 19 2024.pdfSupermarket Floral Ad Roundup- Week 19 2024.pdf
Supermarket Floral Ad Roundup- Week 19 2024.pdf
 
5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China5CL-ADBA,5cladba, the best supplier in China
5CL-ADBA,5cladba, the best supplier in China
 
FAQ Settings-ZenBasket Your Ecommerce Solution
FAQ Settings-ZenBasket Your Ecommerce SolutionFAQ Settings-ZenBasket Your Ecommerce Solution
FAQ Settings-ZenBasket Your Ecommerce Solution
 
Digital Business Strategy - How Food Brands Compete Through Technology
Digital Business Strategy - How Food Brands Compete Through TechnologyDigital Business Strategy - How Food Brands Compete Through Technology
Digital Business Strategy - How Food Brands Compete Through Technology
 

Future Proof Your Online Retail Strategy

  • 1. Future proof your online retail strategy John Glasgow Director, Commerce Strategy Adobe
  • 2. The Future’s Bright, The Future’s Digital Between 2018 and 2021, the number of people making purchases online is projected to rise from 1.8 billion to 2.1 billion M-Commerce is projected to nearly double in sales between 2018 and 2021, with its contribution to overall retail E-Commerce sales rising to 73% by the end of 2021 By 2022, 1/5 of global online retail sales is projected to be cross-border, up by +5% from 2016. B2C and C2C E-Commerce sales of products & services worldwide* is forecasted to rise to $4.59 trillion by 2021 and account for 17.5% of the world’s overall retail sales, up from 11.9% in 2018 * excluding travel and event tickets
  • 3. © 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential.
  • 4. © 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. 43% of US enterprise-sized chains offer BOPIS Vs 27% of all US retailers Amazon Prime Day 2019 drove a 70% lift in revenue for large retailers Vs SMB retailers saw a 28% jump in online sales Opportunities for Growing Brands
  • 5. © 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Order Management is required to compete Customers expect high quality commerce experiences Customers want seamless customer service Omnichannel features put pressure on retailers Delivering on these demands is complex.
  • 6. Amazon Doubles Down, Walmart Raises “Our goal is to evolve the two-day free shipping program into the one-day free shipping program, and we’re making strides on that” “We’re adding free NextDay delivery on a wide range of general merchandise from Walmart.com, without a membership fee.”
  • 7. POST PURCHASE Delivery is a critical part of the experience journey. Your job is not done with the “Buy Button” click
  • 8. © 2019 Adobe Systems Incorporated. All Rights Reserved. Adobe Confidential. Commerce Intelligence
  • 9. Expectation vs. Reality of consumers expect a personalized experience of organizations believe they are creating a personalized consumer experience 85% 10% Researchscape (2019)
  • 10. 10% Conversion rates 14% Lift in RPV Intelligent commerce drives results 19% Uplift in sales 14% Click-through rates
  • 11. © 2019 Adobe. All Rights Reserved. Adobe Confidential. WE.RETAIL INDUSTRY AVG. % REPEAT VISITS 12% 10% BOUNCE RATE 50% 40% SITE LOAD TIME 3.4 SEC 2.5 SEC WE.RETAIL INDUSTRY AVG. PAGE VIEWS PER VISIT 9.2 8.6 TIME ON SITE 10.2 min 9.1 min ADD TO CART 10% 20% WE.RETAIL INDUSTRY AVG. % NEW CUSTOMERS 85% 80% % REPEAT CUSTOMERS 10% 8% % LOYAL CUSTOMERS 5% 12% WHATSAPPCOMMUNITIES IOTEMAIL DISPLAYSEARCH BILLBOARDSBLOGSDIGITAL TVVOICE AMAZON LINKEDININSTAGRAMSNAPCHATTWITTER PINTERESTFACEBOOK Personalize the entire customer journey AWARENESS “I have a need.” DISCOVERY “How can I address my need?” SHOP “What is the right product?” PURCHASE “I want a frictionless buying process.” POST PURCHASE “How do I obtain simple and seamless support?” Buy Use RenewTryDiscover
  • 12. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Superior Shopping Experiences
  • 13. © 2019 Adobe. All Rights Reserved. Adobe Confidential. By 2022, 50% of people’s conversational commerce interactions will involve visual elements By 2022, 25% of digital commerce interactions will feature a form of immersive technology
  • 14. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Digital First Business Models Redefine Buying Behaviours
  • 15. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Online Becomes “Preferred Channel” for High Consideration Purchases
  • 16. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Augmented Experiences Mature
  • 17. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Re-Imagining Shopping Experiences with Immersive 3D and AR Product Media
  • 18. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Payment RequestOffline supportAdd to Home Screen Native app experiences The future of mobile: Progressive Web Apps (PWAs)
  • 19. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Brands Become Retailers / Retailers Try to Become Brands
  • 20. © 2019 Adobe. All Rights Reserved. Adobe Confidential. What’s your long-term strategy: supplier, retailer or both? 65% of Adobe merchants sell on third-party marketplaces 65% 3% of Adobe merchants have their own marketplace 3% 75% of digital commerce transactions will run through marketplaces by 2021 75%
  • 21. © 2019 Adobe. All Rights Reserved. Adobe Confidential. You're succeeding on Amazon. Now it's time to grow your branded web store.
  • 22. © 2019 Adobe. All Rights Reserved. Adobe Confidential.
  • 23. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Evolution of Digital Commerce B2C B2B M2MB2E
  • 24. © 2019 Adobe. All Rights Reserved. Adobe Confidential. § Cloud hosted on AWS § Bi-directional data § Fast Time-to-Market § Amazon Payments § Fulfillment by Amazon § Multi-Channel Fulfillment Magento Commerce branded stores for Amazon sellers
  • 25. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Future 1H19 AdvertisingMarketplace Today
  • 26. © 2019 Adobe. All Rights Reserved. Adobe Confidential. Our new eBook will help you get off the ground. See you at happy hour! https://info2.magento.com/Guide-Web-Branded-Stores.html