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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.

 
 

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

 
 

Increase the average shopping cart value with product bundles.