E-commerce is experiencing positive disruption due to COVID-19. At Shopee’s recent Brands Summit, a panel suggested it’s time to re-think e-commerce as a one-stop shop, an e-business and a data trove.

Why it matters

Brands must pivot to e-commerce because it has gone from an experiment with technology to a necessity. For many brands, e-commerce has now become a significant contributor to the bottom line.

Takeaways

• E-commerce will soon be a one-stop shop combining online search and purchase with ‘shoppertainment’ and gamification.

• Think about e-commerce differently; treat it as an e-business and do not just replicate what is offline into online.

• Empower e-commerce by using data to understand consumers and shorten the decision-making process.

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Sourced from WARC