ChannelEngine Report Highlights Risks to Holiday Sales Growth
Automation Crucial for Holiday Sales Success
A new report from ChannelEngine reveals a significant challenge facing marketplace sellers as they approach the holiday season. With automation lagging, sales growth and profitability are being jeopardized. This report is particularly timely, as it comes when retailers are gearing up for their busiest shopping period.
Manual Tasks Taking a Toll on Sellers
ChannelEngine's latest findings indicate that sellers are now active on an average of six marketplaces, with a notable 34% managing sales across seven or more platforms. However, this wide participation in marketplaces is marred by inefficiencies, as teams are spending an overwhelming 36% of their work week—equivalent to nearly two full days—on manual tasks. Frequent updates, from fixing product listings to managing inventory, occupy a significant portion of their time. Shockingly, over half of these sellers still depend on outdated spreadsheets or internal tools, which critically limits their responsiveness to market changes.
The Challenge of Competitiveness
With 45% of sellers managing product information and pricing updates manually on marketplaces, the need for automation has never been more urgent. Nearly a third (29%) of sellers report that their greatest challenges come from pricing and visibility, highlighting how detrimental inefficiency can be in a competitive landscape. "Every hour lost to manual tasks is an hour directed to competitors—those who automate will win the buybox and seize new opportunities," stated Bart Verschoor, COO at ChannelEngine.
Changing Consumer Behaviors
As consumer habits evolve, the urgency for sellers to streamline their operations becomes even more pronounced. A prior report from ChannelEngine noted that 47% of consumers now begin their product searches on marketplaces rather than search engines, which is markedly higher than previous figures. Additionally, 63% prefer shopping through marketplaces over brand websites, further validating the critical importance of marketplace efficiency and presence.
Future Trends in Marketplace Commerce
The insights from the Marketplace Seller Trends Report show a promising shift toward automation in the marketplace landscape. An astounding 91% of surveyed sellers consider automation a business necessity, with more than a third anticipating that AI-driven shopping assistants will shape the next wave of marketplace commerce within two years. Many experts describe this forthcoming advancement as a new era of Agentic Commerce, where automated tools will empower consumers and redefine their shopping experiences.
Embracing Automation as a Priority
With the competitive nature of today’s market, demanding automation cannot be overlooked. ChannelEngine continues to advocate for the use of sophisticated tools that can optimize seller operations, allowing them to focus on strategy rather than getting bogged down in repetitive tasks. Selling efficiently in the digital marketplace requires adaptation to these technological advancements, paving the way for future growth.
About ChannelEngine
ChannelEngine connects brands and retailers to over 1300 marketplaces globally, offering a unified platform to manage product data, inventory, orders, and pricing effectively. With a commitment to smart automation and seamless integration, ChannelEngine enables businesses to enhance their sales, accelerate growth, and maintain control over their operations. The company works with well-known brands such as Samsung, Unilever, Jockey, LG Electronics, Clarks, and Nestle, assisting them in their marketplace expansion strategies.
Frequently Asked Questions
What does the ChannelEngine report reveal about holiday sales?
The report highlights challenges market sellers face due to manual processes, risking their sales growth during the holiday season.
How much time do sellers spend on manual tasks weekly?
Sellers spend an average of 36% of their week on manual updates, draining resources that could be better utilized.
What do sellers say about automation?
91% of sellers believe that automation is essential for their business success in the future.
How are consumer shopping habits changing?
47% of consumers now initiate searches on marketplaces rather than search engines, emphasizing the need for sellers to adapt.
Who are some notable companies working with ChannelEngine?
ChannelEngine collaborates with significant brands like Samsung, Unilever, and Nestle to enhance their marketplace presence.
About The Author
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