ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

New Study Reveals that Brands Require Tech-Enabled Fulfillment to Grow in Social Commerce

Flowspace, in partnership with Digiday, conducted research into the state of social commerce and brands’ approach to fulfillment strategies

Flowspace, the ecommerce fulfillment platform empowering omnichannel brands to meet their customers’ post-purchase expectations, today released “The State of Social Commerce: Approaching Platforms and Fulfillment in 2022.” The new study, conducted in partnership with Digiday, surveyed more than 100 brand executives to better understand how brands and retailers are prioritizing and evolving social commerce as a sales channel.

As brands expand their omnichannel strategies to include social commerce, which is expected to be a $1.2T market by 2025, they are seeking solutions that allow them to offer the same fast, convenient product delivery consumers expect from any other ecommerce channel. The study found that improved fulfillment features, like integrated inventory and order management, two-day or less delivery offerings, and one-click checkout would lead brands to invest more in social commerce.

“A technology-first fulfillment partner is essential to ensuring customers receive products promptly and consistently, no matter the sales channel,” said Vincent Bradley, co-founder and CEO of Proper Wild, a DTC energy supplement brand that relies on Flowspace to power its fulfillment nationwide.

Social commerce enables brands to offer a direct path-to-purchase within social platforms, an emerging priority as the effectiveness of advertising on social decreases and brands seek new ways to engage their existing, engaged audiences. In order to drive performance and fulfillment within social commerce channels, brands are pursuing partners that offer them the integrated technology and capabilities to deliver the fast, seamless delivery their customers are accustomed to.

“The evolution of social media advertising into social commerce is as simple as engaging the right fulfillment partner,” said Anne Hallock, chief of staff, Flowspace. “Technology-powered fulfillment helps blend the digital and physical experience, providing omnichannel digital visibility into the physical requirements of selling through social.”

Key takeaways from the report include:

  • Brands are prioritizing social commerce as a customer acquisition/advertising strategy (45%), to retain ownership of customer data (43%), to develop long-term brand loyalty (33%), and to improve the customer experience (25%).
  • Brands prefer social commerce tactics that enable them to drive awareness, engagement and interactions among consumers, including formats that provide a direct path to purchase: shoppable livestreams (63%), shoppable videos (44%), and social posts with a direct checkout option (43%).
  • To improve social commerce fulfillment, more than half (55%) of brand respondents are investing in customer data platforms, followed by third-party ecommerce fulfillment tech and software (39%).
  • Improved fulfillment features, like integrated inventory and order management (47%), two-day or less delivery offerings (30%), and one-click checkout (28%) would lead brands to invest more in social commerce.

The full report with additional findings on the state of social commerce, fulfillment, and platforms is available here.

About Flowspace

Flowspace is the digital infrastructure powering ecommerce. The company’s cloud-based software, integrated within a network of +130 strategically located fulfillment centers nationwide, enables fast, affordable, omnichannel fulfillment, and its open, decentralized platform offers an ecommerce command center for brand operators, empowering them with the visibility, data, and insights needed to control operations and drive success.

Flowspace was recognized by Fast Company as one of the World’s Most Innovative Companies in 2020, and its platform is trusted by hundreds of brands to enable them to meet customers’ post-purchase expectations in the real world. More information on Flowspace can be found at www.flow.space.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.