2021 Trends: Ecommerce is Evolving — Are you Prepared?

In the wild world of ecommerce, the status quo is always changing. New companies enter the market to disrupt the norms. Legacy brands pivot to get a piece of the pie. Successful niche businesses get acquired left and right. With so much happening all at once, it takes a lot of work for brands to not only keep up but to get out ahead and win.

Andrea Leigh and Melissa Burdick have made it their mission to stay on top of everything that’s happening and use their knowledge to help companies large and small make an impact in the market. Andrea, who you may remember from a previous episode where she discussed how to win on Amazon and the death of the category, is the VP of Strategy and Insights for Ideoclick, and Melissa is the Co-founder and CEO of Pacvue, a company that helps advertisers scale on big ecommerce platforms like Amazon, Walmart, and Instacart. A few customers of theirs include Unilever, Duracell, and Johnson & Johnson.

These ladies each spent 10 years at Amazon “back when ecommerce wasn’t cool,” as Melissa says. Today, at their current companies, they work with disruptors and major brands alike as they come to realize that ecommerce is not just a fad, but the way of the future. And that’s why I was so thrilled to invite them on this roundtable episode to talk about all the trends they’ve been seeing recently, and to get their take on where things are headed. How are major brands moving to digital? Why are companies investing more in shorter product life cycles? What is the future of dropshipping and ad platforms? I wanted to know, and they delivered the goods. So sit back and enjoy! 

Main Takeaways:

• David vs. Goliath: In the world of ecommerce, it often boils down to small, niche brands competing against the bigger companies with a long history and much bigger budgets. In order to compete, small brands are forced to think differently, be more hyper-focused on product and customer feedback, and be intensely in tune with the ROI of any ad spend.
• Shorten That Lifecycle: Brands today are finding out the importance of being nimble and developing shorter product life cycles. When the unexpected happens, markets shift, or industry standards change, having a product already in process of a nine-month cycle puts you at a disadvantage to other brands that can pivot and change course quicker. Having a pulse on what consumers want, gathering data, and digging into feedback can help with the acceleration process.
• Show Me The Money!: In the past, measuring the ROI of advertising was a bit more challenging. Now, with the amount of data that you get from digital campaigns, measuring the return on investment of an ad campaign is much easier to track because you can correlate clicks and track customer journeys from ads. And with the number of new platforms that are constantly popping up, there is a bit of a new retail explosion that brands can take advantage of and track in unique ways. And today, regardless of the platform — new or old — brands will not advertise at all unless they can get a full view of the data and metrics from the ad platforms they work with.

For an in-depth look at this episode, check out the full transcript below. Quotes have been edited for clarity and length.

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