??? Furniture Briefings: 7 Experts on the Future of the Furniture Industry
Today we are looking at the question that’s on everyone’s mind: What will the future of the furniture industry look like, and how can businesses adapt to stay competitive?
Read more to find out:?
+ The hottest topics in the furniture industry
Let’s dive in.
— The Cylindo team
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7 Industry Experts on the Future of Furniture E-commerce
We’ve brought in a few industry experts to share their thoughts on strategies that will give furniture businesses a competitive edge, recommendations for growth, and trends and predictions for the future. Get the free e-book.?
ANNOUNCEMENT
Cylindo Named Leader in G2 Spring 2023 Report
We are proud to announce that Cylindo has been recognized as a Leader in the Visual Product Customization category in the G2 Spring 2023 Grid? Report. Find out more.?
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SNIPPETS
As online shopping has increased, several key trends have emerged to accommodate new ways of reaching customers. From 3D commerce and mobile experience to e-commerce machine learning and incorporating new technological advancements, check out what's in store for the furniture industry in 2023 and beyond.
E-commerce will become a vital pillar for every furniture business that wants to succeed in the long run. Discover the 10 most important aspects you need to consider to select the right 3D product visualization vendor for your furniture business.
WHAT WE ARE READING
?? “Consumers spent more than $126 billion on home furnishings in 2022, a 10.2% year-over-year increase. Consumers have embraced the rich e-commerce experiences that made them feel comfortable getting these necessities delivered to their doorsteps, making this category one of the new growth drivers in the digital economy.” (Adobe Analytics)?
?? “Company leaders have been challenged to keep pace with these changes and often to solve problems for which there are no precedents. While there is no handbook for leaders looking to navigate this maelstrom, Todd Wanek, CEO of Ashley Furniture Inds. and Ashley HomeStore, Bill Barton, CEO of Bob’s Discount Furniture, and Jonathan Johnson, CEO of Overstock.com shared their insights on managing through disruption.” (Furniture Today)
??? “Amazon’s share of total e-commerce sales will increase slightly in five categories in 2024, one of them being furniture and home furnishings with a 28,5% share. But these gains won’t be enough to increase the company’s share of the overall U.S. e-commerce market beyond 38%.” (eMarketer)
INFOGRAPHIC OF THE MONTH
Furniture as an Emerging E-commerce Category?
Furniture and home furnishings will become the second largest category for e-commerce sales by 2024. Find out more.?
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