1) Ecommerce is growing globally at double-digit rates annually, especially in Asia-Pacific and Latin America at over 15% each year. The web is also influencing over half of total retail store sales.
2) There are 7 key drivers transforming commerce including the shift to mobile and social platforms, new technologies and devices, evolving consumer behaviors, the rise of mobile payments and daily deals, and a new continuous partial shopping mindset.
3) Brands can facilitate a new immediate and social purchase journey across many platforms, enabled by consumer location, preferences and behaviors to build their brand and drive sales at every touchpoint. This convergence of brand building and sales represents the future of "everywhere commerce".
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7. eCommerce is growing by double-digits globally 350 300 250 200 CAGR: 10% CAGR: 10% CAGR: 18% CAGR: 20% 150 100 2010 2015 2010 2015 2010 2015 2010 2015 UNITED STATES EUROPE ASIA-PACIFIC LATIN AMERICA Forrester US, Europe and Asia eCommerce Forecasts 2010-2015
8. The web is influencing half of total stores sales 3,500 3,000 CAGR: 4% 2,500 Offline Retail Sales 2,000 1,500 Web-influenced Retail Sales 1,000 500 Online Sales 2009 2010 2011 2012 2013 2014 Forrester Research Web-influenced Retail Sales Forecast, 12/09 (US)
10. 1 SMS Affiliate Catalog STORE WEBSITE Search STORE WEBSITE Online Ads Email Social Networks DM DRIVER:Shift from the destination web…
11. …to the distributed web 1 Mobile Payment Systems Packaging Facebook Page Catalog Mobile Site SMS 3rd Party Mobile Apps Affiliate Press & Editorial Mentions Web & Mobile Apps Events + Digital Digital Signage Community Pages Display Advertising Branded App TV Blog Posts & Mentions Video Pre-roll Referrals & Testimonials QR Coded Catalog Content Syndication Interactive TV Diggs & Google +1 STORE WEBSITE Mobile Advertising Check-ins Downloads, Contest Up-loads QR Coded OOH Search Interactive Mirrors & Cams Universal Wish Lists Pop up E-retail Shares, Likes & Sends Interactive POS Social Search Results Shoppable Videos Email Direct Mail Social Networks Digital Coupons Content Sponsorships On-site Comments Tweets & Retweets Events + Digital Flickr Group Ratings & Reviews YouTube Channel Online Ads SEM Tagged Photos Kiosks
12. 2 DRIVER:All technologies continue to grow • PC •Internet • Broadband • HDTV • Laptop • Tablet (Individual) •DVR •Netbook (Individual) •eReader (Individual) Forrester Research Device Forecast as shared at Shop.org Summit 2011
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14. 3 DRIVER:Evolving consumer behaviors Checking in, Snapping, GesturingDISTRIBUTED WEB Streaming, Discovering, LayeringREAL-TIME WEB Creating, Sharing, InfluencingSOCIAL WEB (Re)Searching, Shopping, Self-servicingE-COMMERCE
15. DRIVER:Social commerce 4 “Social networks fail to drive meaningful revenue for eBusiness professionals in retail,have a questionable ROI, and are generally ineffective as a customer acquisition tools.” Gavin O'Malley, “Facebook Doesn’t Click for eBusiness Retail Companies,” MediaPost News, April 7, 2011, summarizing Forrester/Shop.org’sSORO 2011: Marketing, Social Media & Mobile report, volume 14
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17. DRIVER:Social commerce 4 “Facebook sourced up to $25M in sales for Amazon last October.” JP Morgan, “Nothing but Net,” January 3, 2011 in Ad Age Digital, September 13, 2011 “Over the next five years as companies race to establish stores,social commerce revenues will grow six-fold,to $30 billion globally.” Booz & Company, “Turning “Like” to “Buy”: Social Media Emerges as a Commerce Channel,” 2011
18. 5 DRIVER: Mobile payments experiencing hockey stick growth globally $984 1,000 800 600 US $ BILLIONS 400 $162 200 2010 2014 Yankee Group, “A View from the Trenches: What Consumers Think of Mobile Transactions” as cited in press release, Feb 14, 2011, www.eMarketer.com
19. In the next year,I can realistically see myself purchasing using a mobile device. Resource Interactive, Distributed Commerce Survey, August 2011
20. 5 APPAREL ELECTRONICS CONSUMER GOODS Agree/Strongly Agree Agree/Strongly Agree Agree/Strongly Agree 71% 69% 67% 34% 33% 31% EARLY ADOPTER GENERAL POPULATION(Excludes early adopters) Resource Interactive, Distributed Commerce Survey, August 2011 DRIVER: Mobile commerce is appealing, especially to early adopters
21. 5 21% of their “mobile” traffic comes from tabletswith several companies anecdotally reporting figures north of 50%. SucharitaMulpuru and Sarah Rotman Epps, Forrester, “Why Tablet Commerce May Soon Trump Mobile Commerce,” July 25, 2011 DRIVER: Rise of the tablet for shopping
24. 7 “Continuous partial attention.” Linda Stone, Industry Thought Leader DRIVER:Shift in mindset
25. 7 “Continuous partial shopping.” Dr. Nita Rollins, Resource Interactive DRIVER:Shift in shopping mindset
26. Rise of new “Shopportunities”Brands can open and close the sale Mobile Payment Systems $ Packaging Facebook Page Catalog $ $ $ Mobile Site $ SMS 3rd Party Mobile Apps $ $ Affiliate Press & Editorial Mentions Web & Mobile Apps $ $ $ Events + Digital Digital Signage Community Pages $ $ $ Display Advertising Branded App TV $ $ Blog Posts & Mentions $ Video Pre-roll Referrals & Testimonials QR Coded Catalog $ $ $ Content Syndication Interactive TV $ $ Diggs & Google +1 $ STORE WEBSITE Mobile Advertising Check-ins Downloads, Contest Up-loads QR Coded OOH $ $ $ $ Search Interactive Mirrors & Cams $ $ Universal Wish Lists $ Pop up E-retail $ Shares, Likes & Sends Interactive POS $ $ Social Search Results $ Shoppable Videos Email Direct Mail $ $ $ Social Networks $ Digital Coupons $ Content Sponsorships On-site Comments Tweets & Retweets Events + Digital $ $ $ $ Flickr Group $ Ratings & Reviews $ YouTube Channel $ Online Ads SEM $ $ Tagged Photos $ Kiosks $
29. NEW JOURNEY OLD JOURNEY Context-smart Location-dumb Cyclical and Social Linear and Isolated Compressed and Immediate Purchase Progressive and Delayed Purchase Linear and Isolated Progressive and Delayed Gratification Play in the post-funnel world
30. 1 MY LOCATION MY DEVICE MY PREFERENCES MY BEHAVIORS Trigger a context-smart experience
38. Projected “everywhere commerce” behavior APPAREL 57% DISPLAY 39% 51% FACEBOOK 26% 43% VIDEO 23% Within the next year, early adopters will continue to embrace new digital commerce formats Resource Interactive, Distributed Commerce Survey, August 2011 EARLY ADOPTER GENERAL POPULATION(Excludes early adopters)
39. Projected “everywhere commerce” behavior CONSUMER GOODS 58% DISPLAY 30% 51% FACEBOOK 23% 44% VIDEO 21% Within the next year, early adopters will continue to embrace new digital commerce formats Resource Interactive, Distributed Commerce Survey, August 2011 EARLY ADOPTER GENERAL POPULATION(Excludes early adopters)
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55. CONSUMER BENEFITS Enjoys new types of convenience Expends low effort for relevant messages Receives real-time incentives Has a device-synced experience flow Acts immediately on inspiration