11 Consumer Trends to Watch in 2023

As recently reported by Shopify, small to medium sized businesses should be on the lookout for 11 important trends as we head into 2023. These trends are generally in reaction to the rising inflation rates that we witnessed throughout much of 2022. Granted, inflation is to slow this year, but businesses will still have to address shifting consumer demands and loyalty in the aftermath of rising costs.
On to the Trends
According to Shopify, the 11 consumer trends that businesses should watch for in 2023 are:
- Buyers impacted by inflation are seeking deals
- Social ads are still a big driver of purchase decisions
- Brand loyalty is waning
- Brand collaborations cut acquisition costs
- Social commerce and discovery hold strong on TikTok
- Customers demand low friction returns
- Brands look to omnichannel experiences to reach more customers
- Building relationships starts local
- Supply chain issues persist, despite customer expectation
- Personalization is in demand
- Buy now, pay later options popular with younger shoppers
Brand Focus Digital’s Take
There are a few trends in particular that we find worthy of more focus than the others. These are:
- Buyers impacted by inflation are seeking deals: Consumers are now interested in saving money, and to help in that endeavor, they are on the lookout for deals.
In response, businesses should offer discounts or other financial incentives to attract consumers, and they can also try bundling
products, adding subscription options, and even offering gift cards.
- Social ads still big driver of purchase decisions: Research shows that social ads are still a top driver of a consumer’s purchasing decisions across the U.S.
In response, companies should look to see where their ad dollars will be best spent. Look for platforms that cater to the majority of
your audience or those where you have found success in the future.
- Brands look to omnichannel experiences to reach more customers: The key takeaway here is that direct-to-consumer (DTC) ecommerce brands are seeking new ways to reach their clients. Exploring new avenues to reach customers will be a major focus in 2023.
- Supply chain issues persist: As a result, companies should hold more inventory, find additional vendors and suppliers, and shrink return rates.
Contact Brand Focus Digital Today
Brand Focus Digital helps manufacturers sell their products easier and more efficiently on Amazon and other online retailers - in North America and across the globe. We work tirelessly and diligently with the makers of (and not limited to):
- Food products
- Pet related merchandise
- Health and Beauty products
- Outdoor gear
BFD’s talent has decades of experience working at Amazon as well as other online retailers. In partnership, we deliver comprehensive solutions to maximize profits for your brands. Contact us now to get the help that truly makes a difference.








