Hot take: B2B is the biggest commerce opportunity of 2024
Shopify argues that business-to-business (B2B) ecommerce, valued at $7.7 trillion globally, represents the largest untapped commerce opportunity in 2024, with 80% of B2B sales expected to move online by 2025.
The useful question is what changes for users, developers or buyers, and whether the announcement stays industry context or becomes something people can actually use.
Direct-to-consumer (DTC) brands like Brooklinen and SKIMS have driven growth in online retail, but their success pales in comparison to the B2B market, which is more than twice as large and expanding rapidly. Ecommerce B2B sales are projected to grow 18% annually until 2030, outpacing DTC by a significant margin. Shopify highlights that B2B commerce has historically lagged in digital adoption, but modern tools are now bridging this gap, making it accessible to businesses of all sizes.
The distinction between B2B and DTC buyers is blurring, as millennials and Gen Z now dominate business purchasing decisions. These buyers expect the same intuitive, seamless shopping experiences they encounter as consumers, including personalized pricing, bulk order options, and flexible payment methods. However, B2B transactions remain complex, often relying on manual processes like spreadsheets, PDFs, and emails, which fail to meet modern expectations.
Companies like Brooklinen have successfully transitioned from DTC to B2B by leveraging platforms like Shopify to streamline operations. By adopting B2B-specific features such as customer-specific pricing and bulk discounts, Brooklinen reduced administrative workload by 80%, allowing staff to focus on customer relationships. This shift underscores the potential for businesses to modernize B2B commerce without sacrificing the personalized touch that drives long-term success.
Shopify’s push to modernize B2B commerce aims to eliminate outdated practices and align with the expectations of today’s buyers. The platform’s tools enable businesses to integrate wholesale and direct sales seamlessly, addressing the unique demands of B2B transactions while maintaining the simplicity and efficiency of DTC models.