Observed Signal · Aug 18, 2023 · Research Report Release · Source: CMSWire · Impact: 3/5 · Sentiment: Neutral
Salesforce Report: Social Commerce and Generative AI Reshape Retail CX
Salesforce released the fifth edition of its Connected Shoppers Report, based on surveys of 2,400 shoppers and 1,125 retail decision-makers worldwide. The report highlights the rapid rise of social commerce, with 59% of shoppers now purchasing via social media (up from 15% in 2021) and a 227% increase in messaging-app purchases. Generative AI is gaining traction: 17% of shoppers use it for product inspiration, while 92% of retailers are boosting AI investments and 59% use it to support store associates. Personalization efforts are doubling, with 57% of retailers leveraging customer data (up from 32% in 2021). Customer service remains critical: 94% of shoppers are more likely to repurchase after positive experiences, while 74% would abandon a brand after three or fewer negative ones. Loyalty programs influence 58% of shoppers, though average membership has declined 21% since 2021.
Salesforce's Connected Shoppers Report provides key data on social commerce adoption and generative AI in retail, but it is a research publication rather than a platform change. Relevant for retail media and CX strategies.
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Key Takeaways & Evidence Grounding
- Salesforce published its fifth Connected Shoppers Report on Aug 18, 2023, surveying 2,400 shoppers and 1,125 retail decision-makers.
- 59% of shoppers now purchase on social media, up from 15% in 2021.
- 17% of shoppers use generative AI for product inspiration; 92% of retailers are increasing AI investments.
- Personalization via customer data jumped from 32% in 2021 to 57% in 2023.
- 94% of shoppers are more likely to repurchase after excellent customer service, but 74% would abandon a brand after three or fewer poor experiences.
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