Join hosts Jason “Retailgeek” Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Founder and Executive Chairman of Channel Advisor, as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.
http://jasonandscot.com
episode 251: 2021 Annual Predictions
EP251 - 2021 Annual Predictions
2020 Recap – Predictions made on episode 204
2020 Predictions RecapScot
- Shopify wilts a bit – new competition comes out with different angles (marketcap stays static) – No
- Fedex does something drastic – buy eBay? Merge with Alibaba? No (but shoprunner for 0.5)
- The year of returns – “happy returns” – a startup raises $100M+ in space. No (but 0.5 for year of returns)
- Mallageddon continues At least another 8k stores Yes 8721 stores +1
- Google gets aggressive in ecommerce Yes +1 (Bill Ready, etc…)
Score 3/5
Jason
- Walmart – growth slows due to completion of grocery build out. Marc Lore leaves Walmart. No on growth, yes on Marc Lore (0.5)
- Amazon – Opens affordable grocery concept. Digital grocery wars heat up. Yes
- Owned brands continue to grow. 5% of retail in 2019, could be 8-10% in 2020 (as measured by IRI, for CPG private label). Yes
- Installment Payments heat up – At least one company is acquired (Affirm, Afterpay, Klarna, QuadPay, Sizzle) Yes (IPO’s)
- Digital in-store heats up, QR codes make a comeback Yes
Score 4.5/5
2021 PredictionsJason:
- Made to Order apparel business > 9 figures
- Retailer offers viable health alt insurance option to consumers
- Grocery E-Com > 10% someone deploys(not pilots) MFC
- Amazon Shopify Competitor (shipping solution)
- Retail Media > $20B
Bonus – More store closures in 2021 than 2020.
Scot:
- Amazon move to same day prime by opening a huge wave of neighborhood DCs (near DSPs)
- Shipping (Shopify) – launch own DSP
- Shopify marketplace
- ‘zero friction addiction’ sticks – I’ve seen 30-40% repeated a lot, I think it’s 60-80%. commerce penetration says at 16% or better in 2021.
- spac/ipo? Dnvb wave
Bonus: post-covid anti-consumerism/materialism wave
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Episode 251 of the Jason & Scot show was recorded on Thursday, January 21st, 2021.
http://jasonandscot.com
Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.