13 Top eCommerce Trends to Know in 2023

ByDanica Djokic
March 07,2023

The eCommerce landscape is constantly evolving. What was popular last year may not be so hot this year, and what’s trending now may be totally different a year from now. In the aftermath of the pandemic, we’re seeing even more changes in the way people shop online.

To stay ahead of the curve and nail your strategy, you need to stay up to date with the latest eCommerce trends. We've put together a list of factors that will shape eCommerce in the next few years so that you can make the necessary changes to your online store and outdo the competition.

B2C ECommerce Will Overtake B2B

Traditional in-person shopping may never be the same again. The pandemic has pushed people to shop online out of necessity, and many have found that they actually prefer it. Convenience, safety, and a wider selection are all big selling points for eCommerce. It’s no wonder that 52% of people who switched to online shopping for groceries said they wouldn’t switch back.

As a result, we expect to see a continued increase in online shopping even after the pandemic is over. This shift will have a big impact on the types of products that are being sold online.

We can already see new trends in eCommerce - a move away from heavy, bulky items that are difficult to transport and an increase in sales of smaller items that can be easily shipped. This trend is likely to continue as people become more accustomed to shopping online for items that they would traditionally have bought in-store.

Another big trend that we’re seeing is a shift from business-to-business eCommerce to business-to-consumer eCommerce. The rise of B2C over B2B is being driven by the fact that many small businesses have had to move their operations online in order to make it through the pandemic.

Even traditional businesses that relied on in-person sales are now turning to eCommerce to reach their customers. Manufacturing, healthcare, automotive, and insurance are just some of the industries that are starting to sell directly to consumers online. This new approach and innovative trends in the eCommerce industry might bring some new challenges. However, the benefits are likely to outweigh the drawbacks in the long run.

ECommerce Companies Lean More on Augmented Reality

The rise of augmented reality has been a game changer in the eCommerce industry, especially in fashion and home furnishing. This technology is being used by some of the biggest names in retail, including IKEA, Dulux, Lego, Sephora, and Nike.

AR allows shoppers to see how products would look in their homes before they buy them. This is particularly useful for items like furniture and home décor, where it can be difficult to visualize exactly how something would look in your home space.

Following the new eCommerce trends, AR has recently been used to create virtual showrooms and allow customers to try on products before they buy them. This can benefit the clothing and makeup industries, where you need to see how something looks on you before you make a purchase.

We expect to see even more retailers using AR in the next few years as the technology becomes more widespread and available to everyone.

AI Will Further Personalize the Shopping Experience

Artificial intelligence is already being used by many top-rated eCommerce platforms to personalize their customers’ shopping experiences. This is one of the latest eCommerce trends, and it helps businesses learn about customers’ individual preferences and use that information to recommend products based on a customer’s past purchases, browsing history, and search queries.

This technology is also being used to create dynamic pricing models that automatically adjust prices based on demand, competitor prices, and other factors. AI can also be used to help businesses manage their inventory and fulfill orders more efficiently.

In the future, AI is likely to become even more involved in the eCommerce experience. It will be used to provide customer support, process orders, and handle returns. We may even see robots being used to pick and pack orders in warehouses.

The use of AI will enable eCommerce shoppers to have a more personalized and convenient experience. It will also allow businesses to save money on labor costs.

Chatbots Will Become More Common

Today, customers expect their online shopping experience to be streamlined, so when they encounter a bottleneck or poor customer service, it’s very easy for a potential customer to abandon their cart. This means that eCommerce businesses need to find ways to speed up their fulfillment process. One way to do this is by using chatbots to automate customer service tasks.

A chatbot is a computer program that simulates human conversation. Ever since the first chatbot, ELIZA, was created in 1966, the service has been used to provide customer support, answer questions, and make recommendations. Many eCommerce businesses are already using chatbots, and we expect future trends in eCommerce to make them even more common. 

For example, a chatbot can be used to answer common customer questions, provide order status updates, and take care of returns. This frees up customer service representatives to handle more complex issues. 

In the future, we expect chatbots to become even more involved in the eCommerce experience. They will likely be used to handle a wider range of tasks, including processing orders and payments.

As AI becomes more sophisticated, chatbots will become more realistic and able to hold natural conversations with customers more easily.

Voice Search Will Become a Big Deal

As voice-activated assistants like Amazon Alexa and Google Home become more common, we expect voice search to become more prominent in global eCommerce trends.

Voice search allows for voice input, which is faster and often more convenient than typing.

As statistics indicate, about 75% of US households will own at least one smart speaker by 2025, making voice search an important factor in eCommerce. 

As the use of voice-activated assistants grows and as they become an integral part of eCommerce’s future, we expect businesses will optimize their eCommerce sites for voice search. This means using natural language instead of keywords, including long-tail keywords that are more likely to be spoken than typed, and making sure that product pages are listed when someone searches for relevant keywords.

It will also become more critical for businesses to provide concise and accurate information on their product pages. This is because people are more likely to get frustrated with a voice-activated assistant if they have to keep asking for clarification on product descriptions.

Conventional Payment Options Will Take a Back Seat

As the world becomes more digital, we expect to see a shift from traditional payment methods to newer, more secure methods such as mobile payments and cryptocurrencies. Unlike recent B2B eCommerce trends, this one will have a more profound and lasting impact on the way businesses interact with customers. 

With a variety of ways to pay for goods and services online, customers will have more choice and flexibility when it comes to how they make purchases.

We expect mobile payments to become more popular as people become more comfortable using their smartphones to make transactions. Contactless payments have become common during the pandemic, and established players such as Apple Pay, Google Pay, and Samsung Pay are likely to benefit from this trend.

Cryptocurrency is another payment method that is gaining popularity, particularly among younger generations. Bitcoin payments, one of the major new trends in eCommerce shopping, have been on the rise lately. As more people become aware of cryptocurrency and how to use it, eCommerce customers will have more options when it comes to how they make payments.

Headless and API-Driven Commerce is Gaining Momentum

Headless commerce is an architecture that decouples the back-end systems from the front-end. This allows businesses to build their eCommerce store using any programming language and framework they want.

API-driven commerce is a similar concept, but it takes things one step further by allowing businesses to connect their eCommerce store to any third-party service using APIs, a type of software that allows two applications to communicate with each other.

This eCommerce industry trend is gaining momentum because it gives businesses more flexibility and control over their stores. Companies can also get the advantage of the incorporated SEO, content marketing tools, and digital experience features. Finally, back-end developers and front-end developers can work independently of each other, which speeds up the development process.

As broadband speeds continue to increase and more people watch videos on their smartphones, customer engagement through product videos will continue to grow.

Short video content is a great way to show off your products in a way that is more engaging than traditional product photos. They are also a great way to showcase how your products can be used in real-world scenarios directly from your eCommerce store.

Unlike photos or descriptions, video content can quickly grab a viewer’s attention and give them an idea of what your product is all about. If you want to stay ahead of the curve, you need to start thinking about how you can use video content to showcase your products or services effectively.

Conversion Strategies Will Focus on Building Trust

In order to convert leads into customers, businesses need to focus on building trust. Multi-channel selling, Facebook advertising, and Instagram marketing are great ways to convert leads into customers, provided you focus on building trust with your target audience. 

As recent online sales trends indicate, consumers are more and more skeptical of advertising and are looking for brands they can have confidence in.

This can be achieved in a number of ways, such as by displaying customer testimonials and reviews, social proof, and security seals. Another way to build trust is to offer a money-back guarantee or free shipping. This shows that you are confident in your product and that you are willing to stand behind it.

Finally, focusing on transparency (e.g., disclosing your business practices, the manufacturing process, etc.) and building a strong social media presence can also help any business in the eCommerce industry build trust with potential customers.

Big Data is a Game Changer

Big data is a term used to describe the large volume of data that businesses now have access to. This data can come from a variety of sources, such as social media, website analytics, CRM systems, and more.

Big data can be used to improve the customer experience in a number of ways, such as by personalizing the experience, identifying customer pain points, and improving customer service.

We've all experienced seeing suggestions on shopping platforms or search engines, and most of us have found them to be pretty accurate. The more data a company has, the better it can cater to its customer's needs, and this will become increasingly important in future eCommerce trends.

However, big data carries big challenges as customers are more and more concerned about data privacy. So, businesses need to make sure they are handling customer data responsibly and transparently if they want to keep using it to boost profits.

Mobile Commerce Will Continue To Grow

Mobile commerce is expected to continue growing in the coming years. According to statistics, mobile devices are used for over 40% of online transactions, their rising popularity indicates that this is one of the trends in online shopping that’s here to stay.

Mobile commerce offers a number of advantages for businesses, such as increased reach, shorter buying cycles, and improved conversion rates. It also offers many advantages for customers, including the ability to shop anywhere at any time.

If you want to stay ahead of the competition, it’s important to make sure your eCommerce platform is mobile-friendly. This means having a responsive design that looks good on all devices, as well as providing a smooth and easy-to-use mobile shopping experience.

Omnichannel Selling Will Become the Norm

Omnichannel selling is a term used to describe the practice of selling products through multiple channels, such as brick-and-mortar stores, online stores, mobile apps, and more. This eCommerce trend and approach allows businesses to reach more potential customers and provides a more seamless shopping experience.

In the past, businesses have often treated each selling channel as a separate entity. However, this is changing as more and more businesses are adopting an omnichannel approach. This shift is driven by the increasing popularity of online shopping and the need for businesses to provide a more cohesive customer experience.

As omnichannel selling becomes more common, it’s important for businesses to make sure they’re building eCommerce websites that can support it. This means having a platform that is integrated with all of your other selling channels and that provides a consistent experience for customers regardless of how they shop. 

Environmental Sustainability Will Play a Big Role

As we become more and more aware of the impact our consumption has on the environment, sustainability is becoming an important factor in purchasing decisions. Customers that follow new online shopping trends want to know if the products they’re buying have been ethically sourced and if the company they are buying from is taking steps to reduce its carbon footprint.

In order to stay ahead of the competition, businesses need to make sure they’re considering environmental sustainability in all aspects of their operations. This includes everything from the sourcing of materials to the packaging and shipping of products. Customers are now more willing to pay extra for sustainable products, so there is a big opportunity for businesses that are able to meet this demand.

ECommerce is constantly evolving, and it can be difficult to keep up. However, by staying informed and making sure your eCommerce platform is up to date, you can ensure that your business is able to stay ahead of the competition. To make the most of the latest eCommerce developments, consider the following:

To stay on top of your game, you must be proactive and regularly seek out new information. There is a number of ways to do this, such as reading industry news, following relevant blogs and industry influencers, and attending eCommerce conferences. You can get to know what’s going on in the industry and find inspiration for your own business. 

Read up on the research data and statistics that are available on eCommerce growth trends. This can help you understand the current landscape and make informed decisions about where to focus your efforts. 

2. Take Advantage of Digital Tools

There are a number of digital tools that can help you improve your eCommerce business. From marketing automation software to customer relationship management systems, there’s a variety of features that can make it easier to run your business and provide a better experience for your customers. Check the data and sales figures, and invest in analytical tools so you can understand where your customers are coming from and what they are looking for.

3. Learn From Your Competitors

It’s important to keep an eye on your competitors to see what they are doing and how they are reacting to the latest eCommerce retail trends. You can learn a lot from observing their strategies and understanding their strengths and weaknesses. Should they fail, you can learn from their mistakes. If they succeed, you can try to replicate their success.

Final Words

As the global eCommerce ecosystem continues to grow and evolve, it's important to stay on top of the latest trends. Instead of leaning on traditional shopping methods, more and more consumers are turning to the internet to purchase items. Mobile phones play a big role here, as they provide a convenient way to shop on the go.

What's more, consumers are getting more comfortable with new technologies such as AI, AR, chatbots, and voice search. These eCommerce trends in technology are changing the way we interact with eCommerce platforms and retailers.

With all that said, we're confident that you now have a solid understanding of the current eCommerce landscape. Just remember to keep your eyes peeled for new trends so you can stay ahead of the curve.

What will be the future of e-commerce?

The future of eCommerce looks bright, with continued growth and innovation. New advanced technologies such as AI, AR, voice search, and chatbots will change the way we interact with eCommerce platforms and retailers. We can expect to see more personalization, convenience, security, and a continued move towards mobile commerce and unconventional payment methods.

Is e-commerce still profitable in 2022

In eCommerce, future trends point to the fact that this way of purchasing and selling will still be profitable in 2022. In fact, it is expected to grow at a faster pace than ever before. This is due to the continued growth of the number of online shoppers and the increasing adoption of new technologies by businesses. Now is the time to get started in eCommerce if you haven’t already.

What are the 3 types of e-commerce?

The three types of eCommerce are Business-to-Consumer, Business-to-Business, and Consumer-to-Consumer. B2C is the most common type of eCommerce. In a B2C transaction, a company sells a product or service directly to a consumer. 

As the latest eCommerce trends indicate, B2C is going to overtake traditional brick-and-mortar stores in the near future. The reason for this is that online shopping is more convenient and provides a wider range of choices for consumers. 

Even traditional B2B industries such as manufacturing, healthcare, automotive, and insurance are now switching to B2C eCommerce to reach out to consumers directly.

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There are exemptions in each state that allow you to keep specific business and personal assets, such as some equity in your home, car, furniture, and work tools. Consequently, you’ll be able to start afresh after you’ve regained your footing.  Chapter 7 Bankruptcy Downside You can bankrupt a small business with Chapter 7 and keep some necessities, but remember the following downsides of filing for bankruptcy. A Chapter 7 bankruptcy filer could lose property that is part of their estate, including their business if it is a company with valuable assets and the trustee was able to find a willing buyer.  So, if you own an attractive ongoing operation you can't protect, being compelled to turn to Chapter 7 for personal bankruptcy might not be a good idea after all.  Furthermore, Chapter 7 bankruptcy protection exempts small amounts of business assets. Thus, you're likely to lose most of them when you file personal bankruptcy as a sole proprietor.  Filing Bankruptcy Under Chapter 13 or Chapter 11 Subchapter V Chapters 13 and 11 are small business bankruptcy options for a sole proprietorship if the business owner prefers to continue operations instead of liquidating the company. Chapter 13 (or Chapter 11 Subchapter V if the business debts exceed the Chapter 13 limit) allows you to keep your business running as long as your cash flow is adequate for all monthly payments.  In line with that, you can file for bankruptcy if your business is steady and if the bankruptcy court approves it. In turn, you'll get a repayment plan lasting between three and five years. You'll pay an assigned trustee who will transfer the funds to creditors during that time. Chapter 13 is also a small business bankruptcy option if you have to close the company and don't qualify for Chapter 7. In this case, small businesses have three to five years to pay off business debts, and peace of mind since creditors receive financing during that time.  Bankruptcy Options for Small Business Partnerships and Corps Due to the various disadvantages Chapter 7 involves, small business partnerships and corporations usually opt for Chapter 11. The partnership filing for Chapter 7 bankruptcy will likely lose investments, face lawsuits outside bankruptcy court, and ultimately collapse. However, filing for Chapter 7 might benefit corporations and partnerships in some cases, so let's review both types of business bankruptcies. Chapter 11 for Settling Business Debts While Chapter 13 is available only to sole proprietorships and individuals, the advantage of Chapter 11 is that it’s available to general or limited partnerships and limited liability companies.  A small business entity benefits from Chapter 11 in two ways. Specifically, it can continue operations while paying smaller amounts to creditors toward business debts, which are restructured along the way. Before the bankruptcy filing, though, the company should contact a law firm and have a business bankruptcy lawyer evaluate its prospects and whether Chapter 11 Subchapter V will be worthwhile. Chapter 7 Pros and Cons for Corporations and Partnerships Unlike Chapter 11 bankruptcy, which provides a mechanism for businesses to continue operating, Chapter 7 bankruptcy results in the company's shutdown. Furthermore, the appointed trustee sells the company assets and sends the proceeds to creditors. Advantages However, Chapter 7 bankruptcy filing may benefit a failing business if it has a substantial amount of property or a considerable number of creditors. Some related advantages are: The members don't have to sell the small business's assets themselves, leaving this delicate work to the trustees. This process is public, which can help prevent creditors from pursuing legal action against the company declaring bankruptcy if they assume that partners wish to keep funds instead of paying their outstanding debts. By avoiding fraud litigation and related lawsuits, partners prevent exposure to significant legal expenses. Disadvantages Although the trustee sells the property of the entity and distributes the proceeds to creditors, the small businesses still face some risks, including the following: Chapter 7 doesn't exempt the partners from paying their business bills, holding them personally liable for the costs incurred. The trustee selling company property may seek the partners' personal assets to repay the debt. When corporations file bankruptcy at the federal court, creditors can initiate alter ego litigation, which leads to the personal liability of each shareholder for the corporation's debt. Another potential drawback of bankruptcy for business owners is that a creditor can file complaints about inadequate handling of the small business's finances. That way, business debts can become personal debts. Limited Liability Company Bankruptcy Filing Filing for bankruptcy as an LLC results in a liquidation of the business's assets to pay off debts. In an LLC, the owners aren't personally responsible for company debts if they haven't guaranteed for them. Moreover, they can file personal bankruptcy to evade liability. A struggling LLC with a plan for moving forward can file for reorganization under Chapter 11 bankruptcy. This used to be an option for large corporations only, but the Small Business Reorganization Act made Chapter 11 bankruptcy for LLC a viable alternative. It’s a good idea to consult an attorney for more information. Bankruptcy Consultations With a Lawyer Bankruptcies can be complicated, so the best course would be to establish a relationship with an attorney early on. That way, you get good advice and protection of your interests from the outset. Plus, it’s often a requirement that a lawyer file the case. The business owner in bankruptcy typically receives the following services from their attorney: Situation analysis and an estimate if a bankruptcy is the right choice Bankruptcy process explanation Advice on which chapter is the best option Cost estimate and explication of the necessary steps for proceeding with the process. Final Thoughts In line with what we discussed in the article, Chapter 7 bankruptcy results in a company's shutdown, while Chapter 11 allows the company to reorganize and continue operating. Chapter 13 bankruptcy is for businesses with a regular income and may allow you to keep your business open while repaying your debts. Even though these options seem pretty straightforward, they come with potential pitfalls. So, it would be best to consult an attorney to learn which bankruptcy for business debt settlement will work for your small business.
By Nikolina Cveticanin · September 08,2022

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