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#3 - Shopify Editions, Google's AI Impact, and Global Ecommerce Fraud
Stay informed about the latest insights and news in the world of ecommerce, including Shopify's upcoming event, Google's game-changing AI feature, and the concerning rise of global ecommerce fraud.
Hello everyone 👋
How was this week for you? I was more offline than usual with some family holidays which turned out not great, since my youngest child got sick. It is what it is, right?
Enough of chit-chat, and let’s dive into these week’s insights and news 😉
5 - Empowering Non-Managerial Roles and Embracing a Meeting-Free Culture
Great article by, following up on his interview with Shopify’s COO Kaz Nejatian. Go check it out, especially if you’re curious about the latest online discussion regarding Shopify latest diss at useless meetings. If you are not sure what I’m talking about here, see the Shopify’s CFO explanation on this issue (TL;DR → Time is Money).
4 - 10 Top hidden costs of Ecommerce for SMBs
Have you ever wondered what makes or breaks a small ecommerce business. Wonder no more. There’s a great article on this topic from the TechRadar publication. The crazy thing about it? Shopify solves the top 3 hidden costs mentioned there: hosting and domain fees, future hosting fees for growing SMBs and security & compliance. How long will it take for the WooCommerce fans out there, to realise that Shopify is indeed the way to go? Not just for SMBs, but also for big corporations? Yes, I’ve chosen this hill to die on.
3 - Recent study uncovers that global Ecommerce fraud is expanding and evolving
Scary, right? See this hot piece of intel: globally, three-quarters of all online businesses plan to increase their fraud budgets in 2023
In the UK, 62% of businesses will be spending more on managing fraud.
France is allocating 70% more funds to fraud management.
Germany plans to increase their fraud budget by 74%.
In the US, 69% of businesses will be allocating more funds to manage fraud.
Canada is leading with an 84% increase in their fraud budget.
If you use Shopify, and haven’t given a thought into this problematic, you may want to get started by watching this video:
2 - Google's latest AI feature will impact Ecommerce 💯
This news have a bit of everything we want to hear nowadays — all the buzzwords: AR generative AI feature. What a mouthful, right? In very simple terms, this article shows the future of Ecommerce is catching up with my expectations: no more second-guessing of your online purchases, you can try the products directly from your device without going to physical store. This is what’s called a “Virtual Try-On”. And Google is being kind of aggressive with this feature that promises reducing a lot of refunds, especially in the fashion industry.
Shameless plug: my team is now finishing to build a Shopify App for FittingBox. They are one of the top world experts in virtual try-ons for eyewear. If you’re curious about it, let me know in the comments and I’ll share a link with you when it’s live.
1 - Shopify Editions Summer ’23 announced!
Shopify Editions is an online event that happens twice a year. During this event, Shopify announces all the important features they launched in the past 6 months, as well as new features that will be coming soon. This week we got to know when the next will be:
JULY 26 11:00 AM EDT - save the date. Or even better, go register now so you don’t miss it.
App of the week: Shopify
Why not, right? Shopify could be forever here as the app of the week (month, year, decade). If you’re reading this, you’re probably acquainted with Shopify already, so I won’t bore you with the classic what, why and how.
If you’re curious to learn more about it, why don’t you check the previous edition of my monthly LinkedIn Newsletter, where I compare Shopify to Magento? You’ll see an interesting confrontation with the Magento fanbase there as well.
And if you know about Shopify already, what are you waiting for to sign up?
Join me next week on this exclusive live event!
One more thing… Next week my team and I will have one of our first live events. You can easily sign up to it on LinkedIn, but we plan to stream it in as many platforms as we can.
What is it about? How our client Mana™️ moved successfully from Prestashop to Shopify Plus. We’ll guide you through their thought process and share some of the stories and lessons learnt along the way.
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