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Lesson from APAC: Social Commerce is Not One-Size-Fits-All

Retail TouchPoints

and European retailers have observed – and, often, participated in – the social-commerce explosion happening in China and elsewhere in the Asia-Pacific region (APAC) while wondering if, when, and to what extent the same thing would happen at home. For the last half decade, U.S. The “if” and “when” are now clear.

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TikTok and the ‘Social Commerce’ Question

Retail TouchPoints

While TikTok executives werent able to discuss details like the companys ownership and data governance, they did want to clarify one really important point TikTok is not a social media platform, and therefore what happens on the platform is not social commerce. Commerce Amy Oelkers made a similar argument to that of Fernndez.

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Social Commerce Revolution: How Payments Innovation Transformed the Digital Shopping Experience

Retail TouchPoints

Were in the early stages of what you might call the Great Shopping Migration: almost 60% of online customers recently polled confirmed that they were likely to use social media platforms to shop. Thats good news for social sellers stationed across the globe.

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RICE 2022: Social Commerce Success Hinges on Consistency and Friction-Free Shopping

Retail TouchPoints

Social commerce has quickly grown from a revolutionary idea to a mainstream concept, and the channel is expected to continue expanding to reach $1.2 The foundational lesson is that, while social commerce can be an outgrowth of a retailer’s traditional social media interactions, it’s both more time-sensitive and more time-consuming.

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Social Commerce: Why Content Matters in Modern Commerce

Retail TouchPoints

Remember what it was like to go shopping at the mall? Today’s landscape is vastly different because consumers demand a more curated experience wherever and whenever they shop. Enter social commerce. What is Social Commerce? The Explosion of Social Commerce. Not anymore. In the U.S.,

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Snapchat flags new media law’s unintended impact on social commerce

Inside Retail

The gross merchandise value (GMV) generated by Australian social commerce was US$1.63 The digital lives of Aussie teens , a 2021 report by the Australian governments eSafety Commissioner, showed that 54 per cent of teens aged 12-17 banked and shopped online. billion in 2023 and is tipped to reach US$2.95 billion by 2029.

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Social Commerce: Retailers (and Platforms) Struggle to Catch up With Consumers’ Enthusiasm

Retail TouchPoints

In the last two months alone, TikTok has rolled out dedicated “Shopping Tabs” for Shopify merchants, Twitter began a pilot of its “Shop Module,” and Pinterest made it possible for creators to “control the shopability of their content” by tagging products. Suffice it to say that social commerce has arrived in America.