Marketplace readiness is a question of technology and data.
If you are reading this, you know that retail has been in a state of flux for years. Many formerly strong brands have run into problems because they have not managed to future-proof their business model with online sales. On the other hand, in the e-commerce market big players like Amazon, Otto, Etsy, and Shein dominate, constantly expanding their assortments. This also endangers small online stores, as they only have a limited, often niche product range.
That’s why, for years now, there has been a clear trend towards selling on established marketplaces or even venturing to build one's own. For both companies aiming to run a marketplace and companies that want to join a marketplace as merchants, there are lots of factors to take into account.
What does it mean to be marketplace ready?
Get the full Spotlight to read about:
Why a Marketplace?
The advantages of marketplaces for customers and merchants, such as increased product variety and revenue streams.Critical Factors for Marketplace Success
Key elements like competitive product offerings and high-quality product data for successful marketplace operations.Demands for Marketplace Operators
Technical requirements for operators, including infrastructure and data management for an optimal shopping experience.Challenges for Merchants
What merchants face in meeting quality requirements and ensuring efficient data exchange within marketplaces.Key Risk Factors
Common risks associated with data management and legacy IT systems that impact marketplace projects.
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Daniel Ristig
Director New Business & Strategic Partnerships