New Year, New Trends!

New Year, New Trends!

?It’s a brand new year and with it comes the promise of fresh business opportunities. To get you up to speed and ready for success in 2023, here are some of the most important retail & e-commerce stories you should keep an eye on this year.

• The demand for companionship is driving the?North American pet care market?to new heights with an outlook of sustained growth through 2027.
• PharmaZu, an Emergent Subsidiary, recently announced the launch of its e-commerce online platform to enter the rapidly expanding $8.5 billion dollar pet medicine industry.
• The?rise in popularity of marketplaces?is transforming the e-commerce landscape.
• Amazon's environmental initiatives?have been met with harsh criticism, as many believe their practices represent a 'greenwashing on a grand scale'.

Top Retail and E-commerce Stories

It's a Furry World:?North American Pet Market is On the Rise

It's raining cats and dogs in the pet care industry!?It has been projected that the?market value of the pet industry reached 64 billion USD ?in 2021 and is anticipated to expand with a CAGR of more than 3.5% during the forecast period in North America. The pet care market in North America has seen substantial growth given the rapid revenue generated by countries like the U.S.A., Mexico, and Canada. This region is leading the global market for pet care products and services.

?The pet food industry is at the forefront of North America's thriving pet care sector. Currently, there has been a surge in demand for organic, healthy, and nutritious pet foods among customers. As such, the market size of North American pet food has seen tremendous growth over recent years with dog and cat treats contributing to its highest revenue figures yet. Likewise, this region's pet services sector, including healthcare, accessories, and grooming products, has piqued consumer interest as they have become more focused on providing their pets with contemporary amenities.?

?Side Note:?Don't get left in the dark! Here are?3 Ways to Scale Your E-Commerce Business

?One of the leading factors in the pet world's success is the increase in technology. Dedicated pet apps allow owners to keep track of their furry friend's health, nutritional intake, and playtime. Pet owners, thanks primarily to the millennial generation, are dedicated to providing the utmost care for their pets which has surged consumer attention to pet-focused services.?

?Learn more about how?pet humanization is taking the pet market to new heights !

Pet Meds:?PharmaZu Launches E-commerce Online Pet Medicine Platform

Pet meds on the way!?In a bid to tap into the growing U.S. pet medicine market,?PharmaZu recently announced the launch of its e-commerce online platform . Introducing a brand-new e-commerce platform, this leading provider of pet pharmacy services, vet telehealth, and pet wellness is ready to tap into the lucrative $8.5 billion online pet medicine market.

?PharmaZu stands ready to take its place among the top contenders in the multi-billion dollar pet medication market. Their goal is to provide comfort, selection, and superb customer service backed by their devoted pet owners - plus a loyalty program that awards rewards, discounts, and other benefits that not only attract but encourage customers' return trips with an automated shipping option.

?Side Note:?12 Ways to Improve Your e-Commerce Website's SEO

?CEO Adam Brooks shares that the long-term goal of PharmaZu is to become a "pet community." The plan is to start with a "pet pharmacy" and scale from there to become a "one-stop-shop" for all things pet-related.?

?Read more about?the up-and-coming online pet medicine industry !

QUICK TIP

Try this.?Websites with professional images, well-written descriptions, and a cohesive design are more likely to result in sales.

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