It’s not news that brands and marketers have succeeded in making themselves visible and accessible to consumers on social media - social media is a key part of the consumer purchase journey. In 2019, 38% say they typically discover brands via ads on social media and 1 in 4 through recommendations there. As a point of comparison, 35% still discover brands through TV ads. And when consumers purposefully search for information or inspiration, 42% mainly use social networks for their research.
With this in mind, social media still has its shortfalls; the shopping experience isn’t seamless, with consumers mostly having to be redirected to retailer websites to complete purchases. Becoming an online marketplace with this added checkout feature will give Instagram’s users the frictionless shopping experience consumers have come to expect. Social commerce is certainly on its way to being the next wave of modern retail, the challenge is achieving mass adoption and addressing security concerns.