How can Retailers Adapt to the Current Situation?

Spryker for Retailers

Digital Commerce in the Retail Industry

Digital commerce in retail gained a new momentum with the advance of technology and a corresponding shift in customer expectations. During the height of the Corona Pandemic, 42% of the population in the US bought their groceries online several times a week. And yet the market share of e-commerce was only at 10%, still leaving an enormous growth potential. In 2021, the worldwide e-retail sales are expected to reach $4.8 trillion and NASDAQ predicts that by 2040, 95% of all the worldwide commerce will be done online. Digital commerce is the new normal in retail, and in the midst of trends like voice commerce and click & collect, companies must now find ways to quickly adapt to ever-changing markets and create a shopping experience that delights their customers today and in the future.

Time to market:

 

  • Quickly react to market changes & customer demands
  • Easily expand to new technologies and markets

 

Total Cost of Ownership:

 

  • Easy integrations with third party software
  • Lean systems require less infrastructure

 

Return on Investment:

 

  • Fast testing and impementing of new features
  • Short development times mean faster revenue generation

Spryker Customers

Discover our Spryker Features for Your Retail Business

  • Move beyond common delivery models and implement Click & Collect

  • Easily create eye-catching content with our Content Management System

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  • Increase your sales and the trust of your customers by including ratings and reviews.and convince undecided customers

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  • Increase the average shopping cart value with product bundles

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