What Will The Business Of E-commerce Look Like In 2023?

The business of e-commerce has evolved a great deal over the years, as technology and consumer habits have shifted dramatically. How will the business of eCommerce continue to evolve in the next decade? Here’s how we imagine it might change.

As eCommerce continues to be at the forefront of new technologies and innovations, Shopify has become a household name. With over 400,000 stores powered by their platform and a stellar reputation, Shopify is the way forward for anyone looking to build or start a business. With small and medium businesses thriving on this innovative solution, it's important to ask - what will the business of eCommerce look like in 2023? 

Currently, there are no easy answers to that question, but we can find some clues by digging into recent trends within both retail and digital commerce as well as what technology has in store for us. A few specific factors affecting the business of eCommerce today include: How Generation Z (born between 1995-2012) affects customer behavior and shopping habits; how AI (artificial intelligence) will play a role in retail with sales predictions up to $800 billion by 2030; how industry regulations are impacting our choices when making purchases; where global commerce stands today. And while 2020 may seem far away, it's an important marker in predicting future economic growth. The questions raised by these factors will undoubtedly affect how Shopify and other companies position themselves to offer solutions that best suit current market needs and maximize long-term growth opportunities.