Quarterly Economic and M&A Market Update

Jeff Campbell, co-founder and President of aiCommerce, featured on Arkona’s Intentional Growth podcast in September 2023.  The episode featured numerous industry experts in a quarterly economic and M&A update.  Check out some key takeaways from the episode below:

• China is currently experiencing demographic and economic challenges, while India is currently growing with their rise in manufacturing.
• The housing market seems to be on the rise, with increasing building permits and sales activity.  An early sign that there is a light at the end of the tunnel!
• The middle market plays a vital role in the US economy.  A recent report shows 12% revenue growth in this market, but concerns of inflation and talent acquisition still exist.
• The M&A world is shifting in response to changing interest rates and current economic conditions.  
• Website, social commerce, and marketplaces are the top three places where people go to make a purchase.
• Overall retail sales are growing, by approximately 3-3.5%.
• Smartphones will account for 43% of US eCommerce sales in 2023 – mobile optimization is crucial!
• TikTok will be the #1 social media platform in user minutes by 2025.

Listen to the full episode below!

 

To hear more inside perspectives from aiCommerce co-founder and President Jeff Campbell, check out his appearances on Yardline, Modern Merchant, and our very own brand building webinar series.