How to navigate challenges in eCommerce in 2022?

The eCommerce industry seems very successful in terms of its growth statistics. But, while looking at its opportunities, Companies fail to prepare their strategies for any unforeseen threats. We cannot ignore the fact that there are quite a few roadblocks persistent in the eCommerce industry.

At times, the challenges affecting an industry may vary. After analyzing the trends and statistics of the eCommerce industry, we have figured out 10 dominant challenges that companies should always be prepared for:

-Cyber security
-Reaching potential customers
-Upgrading user experience
-Cart abandonment
-Limited return and refund options
-Improper pricing strategy
-Unnecessarily complex supply chain
-Resistance to subscribing
-Fluctuating retention and loyalty
-Competition

Among all of these, competition is a more permanent sort of threat across industries. The moment a competitor excels in product quality and pricing, it becomes a serious threat. However, a proper competitive analysis can mitigate this. Similarly, there are effective solutions to each of the challenges mentioned above.

Our aim is not to threaten you with the challenges - we simply aimed at making you aware of the challenges and helping you to stay prepared.

eCommerce challenges are the pitfalls that you may come across. But, the way you avoid the pitfalls while you drive, you can easily avoid these online challenges as well. All you need to do is to set a rock-solid contingency plan. CedCommerce has been at the core of decluttering the online environment and can help you in doing so.

Also, read the blog on eCommerce challenges and their solutions: https://bit.ly/3Lz2eS6

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