Season 3, Episode 7: The evolving eCommerce advertising landscape (with Rishabh Jain)
Mar 26, 2024
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Rishabh Jain, CEO of FERMÀT, discusses the impact of third-party cookie deprecation on retail and eCommerce, Shopify's innovations, Amazon's partnerships, the prospects for alternative identifiers, and who benefits the most from the changes.
E-commerce brands must prepare for third-party cookie deprecation by exploring alternative identifiers for effective advertising targeting.
Shopify's innovative features like Shop Cash and Shopify Audiences are reshaping the e-commerce landscape by driving conversions and enhancing customer experiences.
Partnerships between tech giants like Amazon, Meta, and Snap are evolving the e-commerce advertising ecosystem, offering new opportunities for brands to reach their target audiences.
Deep dives
Clear ideas of marketing automation for performance marketers
Clearides offers a data aggregation service for performance marketers, enabling access to consolidated data without relying on SQL or Spreadsheets, trusted by companies like Uber, HelloFresh, and DeliveryHero for marketing automation.
Industry event shift from uncertainty to optimism
The transition from gloom to enthusiasm at the Shop Talk event reflects a positive shift in the industry, with more attendees and a vibrant atmosphere compared to the previous year, signaling a resurgence in interest and investment in retail media.
Implications of third-party cookies deprecation on e-commerce
The deprecation of third-party cookies signals a shift towards search-based advertising for e-commerce businesses, impacting open ad networks with a projected 70% drop in efficacy, driving marketers towards platforms like Google and Facebook for more effective targeting.
Challenges and opportunities in digital advertising post-cookie era
The podcast delves into the challenges of consumer tracking post-cookie deprecation, highlighting the complexities of centralized measurement across multiple retail media networks and the need for innovative solutions to adapt to shifting data privacy landscapes.
Innovative strategies in retail media and finance amid industry changes
Platforms like Shop Pay offer seamless transactions and cash-back rebates, creating a symbiotic relationship between retailers and consumers, driving increased conversions. However, the landscape for e-commerce credit companies has shifted with rising interest rates and changing advertising dynamics, challenging their traditional business models and requiring adaptation to new industry norms.
In this episode of the Mobile Dev Memo podcast, I speak with Rishabh Jain, the CEO and co-founder of FERMÀT, an eCommerce platform designed to maximize advertising conversions for brands that recently raised a $17MM Series A led by Bain Capital.
In our conversation, Rishabh and I discuss, among other topics:
The implications for retail and eCommerce from the impending deprecation of third-party cookies in Chrome;
Whether retailers and eCommerce brands are taking third-party cookie deprecation sufficiently seriously;
Underappreciated knock-on / indirect consequences from the deprecation of third-party cookies in Chrome;
The prospects for alternative identifiers;
Who stands to gain the most from third-party cookie deprecation;
Shopify's innovations, including Shop Cash and Shopify Audiences;
Amazon's partnerships with Meta and Snap.
Thanks to the sponsor of this week’s episode of the Mobile Dev Memo podcast: