Shopee Empowers Brands to Conquer Evolving ecommerce Landscape
Shopee’s new platform enhancements, which include more cross-category synergies and the expansion of their brand intellectual property (IP) portal, are designed to help brands leverage against the evolving e-commerce landscape.
Zhou Junjie, Shopee’s Chief Commercial Officer, emphasizes the importance of brands’ innovation in engagement strategies and data analysis in adapting to the macroeconomic landscape that is constantly changing.
Shopee is committed to supporting brand partners and helping them adapt to evolving trends, unlock long-term growth opportunities and advance in the digital economy.
To discuss the evolving ecommerce landscape and what it means for the brands, Shopee hosted the annual Shopee Brands Summit 2023, themed ‘Sailing Through Evolving Seas: Winning with Consumers in E-Commerce’.
The summit’s objective was to help brands adapt to the changing global business environment and leverage untapped opportunities in e-commerce.
The New ecommerce
During the event, Shopee focused on three key trends: the increasing demand for digital services, the rise of a new generation of buyers with different needs, and the growing importance of establishing a secure shopping ecosystem. The Summit brought together industry experts and brands, such as Abbott, Adidas, L’Oreal, and Samsung.
The Summit highlighted that e-commerce in the region still has untapped potential, with more people coming online, including younger shoppers and those outside of tier-1 cities. Consumers in the region are spending more time on online platforms, with more consumers relying on e-commerce for all their purchases, from daily essentials to big ticket items such as electronics and furniture.
Shopee aims to meet the increased demand by delivering more value and convenience, having exciting shopping events and providing end-to-end marketing solutions tools that support brand discovery and awareness building, including display ads, discovery and search, influencer marketing program, and affiliate marketing solutions.
Shopee has observed the rise of younger, more purposeful buyers aged 34 and below coming onboard its platform. This group of consumers is shopping differently from previous generations, with trust and quality being essential in their consumer journey.
Data Tools
Shopee’s new and improved data tools, including the new transaction index and brand membership insights, aim to help brands better understand how to continue to meet their customers’ needs and maximize their customer lifetime value.
In conclusion, Shopee’s annual Brands Summit emphasized the need for brands to adapt to an evolving e-commerce landscape, with platform enhancements designed to help brands leverage three key trends: the increasing demand for digital services, the rise of a new generation of buyers with different needs, and the growing importance of establishing a secure shopping ecosystem. Shopee remains committed to supporting its brand partners to unlock long-term growth opportunities and advance in the digital economy.
News Admin
Photo Caption – (From Left to Right: Adityea Kapoor from Abbott, Giraldi Jusuf from Adidas, Lucy Moran from Procter & Gamble, Shawn Kwon from Samsung, Yosser Zmitri from L’Oréal Luxe, Jasper Knoben from Intrepid Group Asia, Junjie Zhou from Shopee, Derek Wang from Jet Commerce, Yap Kian Yee from Xiaomi, Beom Kim from Amorepacific, Jay Go from Unilever, Sumeet Vohra from Reckitt and Miranti Daniar from L’Oréal CPD)