Still waiting for that new ecommerce tool with email integration? It may take time if the naysayers in your firm have their way.
Decision makers often block
tech-stack improvements out of sheer arrogance: 26% believe failure to adopt emerging commerce solutions won’t affect them at all, while 40% claim customers never experience frustration when
purchasing from their brand, according to Who’s calling the shots — you or your tech stack?, a study released Tuesday by commercetools, a “headless” commerce platform.
Both beliefs may be delusional. Of the marketers polled, 75% feel adoption of new technologies will deflect the focus from existing ones that work just fine. And 46% fear that the
offerings they are being pressured to adopt will hurt their brand.
But 50% admit that their own reservations about their company’s technology have limited their ability to
innovate as quickly as they need to.
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Email specialists, who drive ecommerce with promotional, transactional and triggered messaging, often do not have a seat at the table in these
debates.
Consider the top five trends that respondents plan to adopt in the next 12 months:
- Cryptocurrencies — 26%
- The metaverse —
25%
- NFTs — 23%
- Voice-activated commerce — 21%
- Web3 — 20%
But you
have to wonder whether they’re ready for any of this, given the state of their tech stacks. They say:
- We rely on traditional options and haven’t
adopted any modern commerce solutions — 21%
- We rely on traditional options but have also added some modern commerce solutions — 41%
- We have
fully blended traditional options and modern commerce solutions — 38%
Again, email teams are going to be largely responsible for getting people to the metaverse or to buy
NFTs:
Here are the top commerce features firms are now offering:
- Multiple payment methods — 45%
- Purchasing within social media channels
— 38%
- Purchasing within a branded mobile app — 32%
- Next-day shipping — 25%
- Purchasing within subscription models — 23%
- Loyalty program — 21%
- One-click checkout — 18%
- Buy now, pay later (BNPL) — 16%
- Same-day shipping—16%
- Buy online, pick up in store (BOPIS) — 16%
- Cashback — 14%
- Purchasing via streaming services — 13%
And the remaining companies (the laggards, if you will)?
Many want to offer these commerce features:
- Multiple payment methods —28%
- Loyalty program
—26%
- Buy now, pay later (BNPL)—28%
- One-click checkout — 24%
- Next-day
shipping — 16%
The answers are similar when they are asked about digital purchasing options. They would like to offer:
- Purchasing within a branded
mobile app — 39%
- Purchasing within social-media channels — 36%
- Purchasing within subscription models
— 27%
- Purchasing via streaming services — 26%
- Purchasing within the metaverse — 20%
But
here’s the challenges: Companies fail to offer more commerce services for these reasons:
- The required technology is too expensive—38%
- The
required technology is too difficult to integrate with our existing solutions—31%
- We lack the internal knowledge about how to use new solutions—24%
- We lack the internal team to manage and see through these investments—22%
- We’re unsure if our customers really want new commerce
features—19%
It’s the same with digital purchasing options:
- The required technology is too expensive — 39%
- We lack
the internal knowledge about how to use new solutions — 37%
- The required technology is too difficult to integrate with our existing solutions —
21%
- We’re unsure if our customers really want new digital purchasing options — 24%
- Implementing new options takes too long —
18%
Commercetools surveyed 300 decision makers in March of this year.