The rise of Top 8 Retail smartphones and the coronavirus guatemala phone number library pandemic have made retail e-commerce platforms better than ever before. Analysis of people’s shopping habits suggests that people are buying and selling more. The impact of technology-driven marketplaces has been evident for quite some time.
Be it shopping from established brands and wholesalers on e-commerce platforms or from brick-and-mortar stores, purchasing behaviour is on the rise owing to the ease with which people can procure goods at half or quarter of the Maximum Retail Price (MRP), all made available thanks to generous discounts, sales, and other highly attractive deals.
The retail industry reached $110 billion in 2020 and is expected to grow exponentially over the next decade. Here are the top trends in the retail sector for 2022.
1. Social Media Influencers
Influencer marketing has gained prominence over the past few years, mainly due to the endorsements of celebrities and influencers on social media such as Instagram and Facebook.
This trend was further increased by the coronavirus pandemic last year, as travel restrictions and social distancing around the world forced celebrities to fulfill endorsement commitments from home.
This trend will continue to thrive as people prefer to purchase products endorsed by their favorite celebrities, Instagram influencers, and viral YouTube stars.
2. Social Media E-commerce
This trend ties in closely with the previous one, in avoiding spam filters when targeting that modern technology now allows consumers to buy directly from a brand/company’s social media page, without having to go through a third-party site.
4. Cryptocurrencies
In an increasingly digital marketplace, with more and more transactions taking place online, there is a need to create models for financial transactions that are safe and secure for consumers without fear of fraud or malicious intent.
Cryptocurrencies are the safest transaction phone number list from aero leads model because they allow you to make payments online without giving access to any sensitive information about yourself. They offer the benefits of being secure, having low transaction fees, and limited interaction with other financial institutions such as banks.
5. Increased responsible and ethical sourcing of products
Ethical concepts like eco-friendly, vegan/vegetarian, cruelty-free, chemical-free, preservative-free etc. are becoming increasingly popular amongst GenZ. It is becoming crucial for companies/brands to source their products responsibly and ethically without harming humans, animals or the environment.