Cardinal Sigitas TamkevičiusLithuanian Cardinal, Former Soviet Prisoner of Conscience & Champion of Religious Freedom

Social shopping is on 🔥. See our 2023 #eCommerce predictions on the Wix eCommerce blog | #shorts

Name: Social shopping is on 🔥. See our 2023 #eCommerce predictions on the Wix eCommerce blog | #shorts
Uploaded: 2022-12-22T18:00:46+00:00
Duration: 44 s
Channel: Cardinal Sigitas Tamkevičius
Description: In this short video, the speaker predicts that social shopping will experience explosive growth in 2023 and beyond, projecting the market to reach…

22 Dec 2022 · 1 min

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In this short video, the speaker predicts that social shopping will experience explosive growth in 2023 and beyond, projecting the market to reach roughly $2 trillion by 2025. The rise is driven by consumers using social media to discover products, begin their purchase journey, and complete transactions, which reduces friction and boosts engagement. Merchants are urged to adopt an omnichannel strategy that synchronizes product catalogs across their branded online store, marketplaces, and social platforms, with Wix highlighted as an example of a platform that enables this seamless integration.

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My e Commerce prediction for 2023 is that social shopping is going to explode. Consumers will increasingly use social media to explore new products, start their shopping journey, and transact. This form of shopping is expected to grow to $2 trillion by 2025, as it reduces friction, increases engagement, and provides merchants with new opportunities to ignite interest. Merchants can put this into action by embracing an omnichannel approach as it multiplies their opportunities to acquire new customers. Merchants should choose a platform that enables them to sell products and sync their catalogs across their online branded store marketplaces and social media like wix.