From artificial intelligence to virtual reality and more, e-commerce innovations will continue to advance at breakneck speed in 2024 as businesses seek innovative means to improve. At the same time, retailers are evolving better pricing strategies, such as subscription models, to ensure maximal customer retention and business profitability.
With this in mind, our media partner Parcel Monitor’s recent article explores the retail trends that are bound to re-define the retail and e-commerce landscape in 2024 and beyond. Some of the key learnings of the article are as follows:
- Predictive analytics is transforming the way retailers manage their inventory, enabling them to make data-driven decisions that improve customer satisfaction and drive profitability.
- Subscription models are gaining traction in modern commerce, offering consumers a convenient and customizable approach to accessing a wide array of products and services.
- AI-powered cross-selling boosts the bottom line by providing customers with personalized product recommendations that enhance customer experiences and drive sales.
Check out the full article for the rest of the trends!
About Parcel Monitor
Your gateway to real e-commerce logistics data worldwide.
Parcel Monitor is the trusted source of e-commerce logistics insights - powered by real consumer data. Leveraging proprietary data and latest technologies, Parcel Monitor empowers businesses with actionable insights, while facilitating collaborations across the entire e-commerce logistics ecosystem.