The world’s popular platform Shopify is built on components. Over time, the platform has incorporated the latest technologies and became better to accommodate the changing demands of the consumers. making it the most used e-commerce platform for building websites or stores. But, one of the biggest challenges Shopify has encountered since its launch is its inability to support enterprise businesses. Some of the issues were answered by Shopify Plus. Almost after 10 years of the Shopify Plus launch, the platform has leveled up its features to support the enterprise business end of the scale by releasing Shopify Commerce components.
What Are Shopify Commerce Components?
Shopify Commerce Components is a composable stack that allows retailers to choose the Shopify web components to integrate with their system. Shopify developed over 30 modular components. Any business can choose any one of them and also how to use them. While the platform has modified its software architecture to become more modular and composable. Instead of having the rigid structure of tightly coupled components like in Shopify Plus, the commerce components take a modular approach that helps you break down large architecture into independent and manageable components connected by APIs.
1.Storefront
The storefront component lets you build custom storefronts with your preferred framework and hosting provider. The components include Headless API, Headless hosting with oxygen, storefront search, content, low-code storefronts with liquid, and headless SDK with hydrogen.
2.Cart And Checkout
It helps you maximize your revenue with an extensive cart and checkout. The components include a cart, payments platform, checkout platform, and Tax platform.
3.Core Commerce
With a core commerce component, you can create your business with all the important capabilities. The components include product catalog, customer data, cross-border selling with the market, function extensibility, subscriptions, discounts, B2B, and customer data models such as meta fields.
4.Data And Compliance
Generate accurate customer data and drive higher sales in business. They include data analysis, marketing insights, card data and vaulting, and security and compliance.
5.Shipping And Logistics
Streamline your order logistics using shipping & logistics. The components are fulfillment, inventory, shipping labels API, order management, and returns.
6.Omnichannel
Sell across multiple channels from anywhere by offering a unified view of your business. The components include Point of sale, customer accounts, and social commerce.
The categories and components demonstrate all the support a brand needs to provide its users with the best customer experience possible. It ensures that the business has everything necessary to manage the front and back end of its eCommerce category. This is the first time Shopify has allowed brands to choose the components as per their needs and leave the unnecessary ones.
Why Shopify commerce components?
Over many years, large enterprises have worked hard to digitalize their business and handle both online and offline shopping together. This Shopify integration involves many underlying complexities that then available commerce solutions failed to handle. Then the businesses started to build their tech stack from scratch. But, building e-commerce solutions from scratch is very expensive and time-consuming with limited scope for evolution. In modern times, commerce is all about speed and flexibility.
Brands with a custom-built tech stack often struggle to match the speed of consumer demands and create impactful customer experiences. However, Shopify web components offer a solution. If you’re not interested in an all-in-one business solution but can’t afford a fully custom tech stack, commerce components provide the perfect hybrid blend. These components let you integrate essential foundational elements for running an online business while allowing flexibility for future customization. Moreover, as the components in this model are independent, you can easily add, delete, or swap them without affecting the entire system.
How do The Shopify Commerce Components Differ From Shopify Plus?
- Shopify Plus is an all-in-one solution for digital businesses. Commerce components consist of modules that enterprises can use to create custom user experiences. It smoothly integrate into their commerce stack.
- The Shopify Plus pricing plan charges around $2,000 per month with a 0.4% variable fee & a 0.15% discount using Shopify Payments. Whereas the Commerce Components has customized pricing plan that depends on the specific needs of retailers.
- When in doubt, Shopify Plus users get assistance from a Success Manager whereas Commerce Components get access to Shopify Professional Services, enterprise-grade SLAs along with a dedicated account team.
What’s New?
Unlimited APIs
Because of its independent nature, the Commerce Components offer unlimited Shopify API connections. It means you can connect an unlimited number of components & integrations to a Commerce Components tech stack.
More Variants
Currently, you can have up to 100 product variants on Shopify which can be a pain point for certain brands. But, this is overcome with the release of Shopify Commerce Components. Though Shopify hasn’t mentioned the accurate number of variants available on the platform, the variant limit is increased as per the information from the makers.
Higher Transactional Volumes
With the Commerce Components, you can handle larger amounts of transactions up to 40k checkouts per minute per store.
Professional Services
The launch of Shopify’s Professional Services will help you collaborate with agencies to create innovative commerce experiences for enterprise retailers.
BYO Payment Processing
With the Commerce Components, you can leverage Shopify checkout to its full potential while having the flexibility to choose your payment processor.
Conclusion
The Commerce Components is not for everyone. It is highly favorable for enterprise retail generating more than 500 million pounds in revenue approximately. It works best for the retailers that manage multiple brands, have large teams, and sell online and offline.
The commerce components have a customized pricing model. It depends upon the number of components that the retailer wants to use. If you are a retailer who is looking for digital transformation through Shopify Commerce Components, write to us to begin the conversation today. Thanks for reading!
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