The COVID-19 pandemic has dramatically accelerated the shift in consumer spending from offline to online. However, the current pandemic state has persisted, and retailers are re-strategizing for the long term instead of short term. To understand the implications of this, Stripe commissioned Forrester Consulting to evaluate the growth strategies, payment technologies, and future capabilities online retailers are investing in.
The findings show that Retail leaders plan to expand, rather than contract, their business during and beyond the pandemic. By creating new revenue streams and increasing their global reach to respond to evolving customer behaviours. However, this expansion doesn’t come without its challenges.
Expanding into new markets and launching new business models requires significant domain expertise and often deep resources, whilst as businesses grow and expand intentionally, they can be exposed to new fraud threats.
So, how do we quickly execute growth strategies? How can payments be the lever that helps you realize international expansion, as well as new business models?
Join Stripe and a select group of senior thought-leaders to discuss a plethora of new online business models, learn how European retailers are accelerating market expansion, to share best practices on fraud as a key challenge, and understand the latest payment trends worldwide.