The eCommerce landscape has been full of changes and new opportunities in 2023. At Savant Events, we’ve had a great year of eCommerce events – including our launch into North America – and we’re now looking towards a fruitful 2024.
We have been talking to our valued community to stay abreast of the latest innovations and industry risks, alongside the top trends which will shape the eCommerce landscape in 2024.
We’d like to share those insights with you now!
Adapt, innovate, and engage to ensure long-lasting success. Stay on top of these trends, and watch your eCommerce business thrive in an ever-evolving landscape.
1) Customer Loyalty and Retention – In today’s financial climate, many businesses are focusing on looking after and fostering relationships with the customers they already have, rather than funnelling money into new marketing initiatives. Securing loyal customers can have better returns than reaching new ones with advertising!
2) Augmented Reality (AR) – With the help of AR technology, customers will be able to visualise products more realistically before making a purchase. This will reduce returns and improve customer satisfaction.
3) Omnichannel Integration – It’s crucial to seamlessly integrate your online and offline channels. Customers want a consistent brand experience wherever they engage with you, and a hassle-free experience can lead to higher conversion rates.
4) AI-Powered Personalisation or Hyper-Personalisation – Gone are the days of one-size-fits-all marketing. Tailoring your promotions, recommendations, and content to individual customers enhances engagement and encourages loyalty.
5) Same-Day Delivery – In 2024, same-day delivery will become the norm for many eCommerce businesses. The rise of local fulfilment centres and partnerships with delivery providers will enable customers to receive their orders within hours, further enhancing the convenience of online shopping.
6) Influencer Marketing – In the digital age, people trust people more than corporations. Collaborating with influencers can give your brand a significant boost. Find influencers relevant to your industry or niche, who align with your values and have an engaged audience.
7) Video Marketing – Video content continues to dominate online platforms. eCommerce businesses will leverage video marketing to showcase their products, provide tutorials, and engage with customers on platforms like YouTube and TikTok.
8) Social Media Advertising – Social media platforms are not just for sharing updates anymore – they’re powerful marketing channels. Utilise targeted advertising on platforms like Facebook, Instagram, and now Tik Tok to reach your ideal customers.
9) Enhanced Customer Support – With the rise of online shopping, customers will expect responsive and efficient customer support. In 2024, online stores will invest in chatbots, live chat features, and AI-powered customer service to provide prompt assistance to customers.
10) Sustainability & Conscious Consumerism – Consumers are increasingly conscious of their impact on the environment and society. Incorporating sustainable practices into your business model, showcasing responsible sourcing, and supporting social causes can enhance your brand image. Embrace transparency and communicate your commitments to foster a meaningful connection with conscious consumers.
Have we missed anything? Let us know – we’re always happy to chat!
The Savant Team are looking forward to a fantastic 2024 with an amazing line-up of events, from the 10th anniversary of our flagship London & Berlin events, to exciting conferences in Stockholm, Copenhagen, and New York!
If you’d like to join us at one of these tailor-made events, to:
- Learn about new initiatives
- Drive lucrative opportunities for your business, and
- Network with the top industry players and respected solutions providers in your region
then get in touch NOW!
Email us at [email protected].