New Trends in the Consumer Electronics Sector

The consumer electronics sector is witnessing explosive growth, fueled by the surge in home entertainment and the ongoing digital transformation of society. To gain a clearer understanding of these shifts, let’s delve into the key trends shaping the consumer electronics industry in 2022.

Omnichannel Experience

Consumers are expecting smooth and seamless shopping experiences, with omnichannel strategies playing a pivotal role. Omnichannel approaches integrate sales channels, customer service, and marketing efforts to create a consistent shopping journey, regardless of where the customer starts. A standout example is Sharaf DG, an electronics retailer that adopted Orisha Retail Chains to fast-track its digital transformation. Ramalingam Thyagarajan, Senior IT Manager at Sharaf DG, underscores the growing importance of consumer electronics and emphasizes that standing out through customer experience is key. At Sharaf DG, the focus is on improving after-sales services and warranties to build customer confidence during purchases.

Click & Collect Model

The Click & Collect model, commonly referred to as “Buy Online, Pick Up In-Store” (BOPIS), stands out as a leading trend in 2022. Before the pandemic, 78% of consumers regularly used BOPIS and ROPIS (Reserve Online, Pickup In-Store). Today, this number has climbed to 30%, with many shoppers favoring this option over standard delivery. To cater to this demand, retailers are now providing flexible order fulfillment options that boost conversions and minimize cart abandonment.

ROPO Model

The ROPO model, “Research Online, Purchase Offline,” is also rising in popularity. Consumers increasingly turn to websites, social media, and other information sources to research products, read reviews, and gain confidence before heading to stores. In the electronics sector, professional advice often proves decisive. Shoppers tend to complete their purchases in-store after validating their choices with an expert.

Clienteling

Clienteling deepens the relationship between retailers and their customers. Leveraging tools that track purchase history, store associates can easily identify loyal customers and tailor the shopping experience to their preferences.

Expansion of Delivery Options

The demand for ultra-fast and free delivery keeps growing. More and more brands now offer free shipping for orders above a certain amount or through loyalty programs. Emerging technologies will keep reshaping the electronics industry. Brands that stay agile and responsive to trends will maintain their market leadership and stay ahead of the competition.