Jeff Campbell, co-founder and President of aiCommerce, featured on Arkona’s Intentional Growth podcast in September 2023. The episode featured numerous industry experts in a quarterly economic and M&A update. Check out some key takeaways from the episode below:
- China is currently experiencing demographic and economic challenges, while India is currently growing with their rise in manufacturing.
- The housing market seems to be on the rise, with increasing building permits and sales activity. An early sign that there is a light at the end of the tunnel!
- The middle market plays a vital role in the US economy. A recent report shows 12% revenue growth in this market, but concerns of inflation and talent acquisition still exist.
- The M&A world is shifting in response to changing interest rates and current economic conditions.
- Website, social commerce, and marketplaces are the top three places where people go to make a purchase.
- Overall retail sales are growing, by approximately 3-3.5%.
- Smartphones will account for 43% of US eCommerce sales in 2023 - mobile optimization is crucial!
- TikTok will be the #1 social media platform in user minutes by 2025.
Listen to the full episode below!
To hear more inside perspectives from aiCommerce co-founder and President Jeff Campbell, check out his appearances on Yardline, Modern Merchant, and our very own brand building webinar series.
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