If you missed Shopify's Summer 2024 updates, here's a look at the key features and enhancements that B2B businesses need to know. From powerful AI tools to improved storefront customization, these updates offer practical solutions to help businesses streamline operations, improve customer experiences, and drive growth. Here’s a breakdown of the most relevant updates for B2B merchants.
Markets: A Unified Hub for Business Expansion
Shopify's Markets is a newly reimagined tool that serves as a centralized hub for managing all aspects of your business expansion. Whether you are entering new international markets, growing your presence, or scaling your B2B operations, Markets simplifies the process.
Key Features:
- Centralized Management: Manage multiple markets from one place, whether for international, retail, or B2B expansion.
- Customization: Customize catalogs, themes, pricing, and currencies for different markets.
- Rapid Expansion: Quickly set up new markets with tailored buyer experiences to suit various segments.
For B2B businesses, Markets allows for customized store themes and product catalogs per market, enabling easy geographic expansion and better-targeted experiences for B2B buyers.
Shopify Magic: AI to Support Your B2B Operations
Shopify Magic introduces AI-powered tools designed to make your operations more efficient. This includes Sidekick, an AI assistant that guides you through various tasks such as inventory management and shipping setup. Shopify Magic also helps automate repetitive tasks like product description writing and customer interaction responses.
Key Features:
- Image Background Editing: Instantly generate or remove backgrounds from product images.
- AI-Generated Product Descriptions: Simplify and speed up the creation of SEO-friendly descriptions for your products.
- Customer Support with AI Replies: Shopify Magic suggests personalized FAQs and responses for quicker customer interactions.
For B2B businesses, these features reduce the time spent on manual tasks, allowing you to focus on strategy and customer engagement.
Hydrogen Visual Editor for Efficient Storefront Customization
The Hydrogen Visual Editor simplifies storefront customization by enabling real-time editing. This tool is powered by Utopia and integrates seamlessly with Shopify, allowing teams to collaborate efficiently.
Key Features:
- Real-time Editing: Edit storefront elements on the fly without writing code.
- Code Integration: Changes are synced back to Shopify and GitHub, ensuring consistency across platforms.
- Customizable Storefronts: Tailor the storefronts for various markets, including B2B, all from a single interface.
The Hydrogen Visual Editor is perfect for teams that need flexibility and collaboration in designing storefronts, especially for businesses managing multiple markets.
Trade Theme for B2B eCommerce
Shopify’s new Trade Theme is built specifically for B2B businesses, providing an optimized layout for wholesale transactions. This theme simplifies the setup of B2B stores by offering pre-designed layouts and features that cater to bulk purchasing and repeat orders.
Key Features:
- Bulk Purchasing Layouts: Designed to handle large orders efficiently.
- Customizable Design: No coding required to match your brand’s look and feel.
- Advanced Features for Plus Merchants: Display quantity rules and volume pricing.
The Trade Theme helps B2B businesses get started quickly and provides an efficient, professional design for wholesale customers.
B2B Deposits and Payment Flexibility
Shopify’s Deposits at Checkout feature allows B2B merchants to require percentage-based deposits from customers. This feature provides flexibility in payment terms and can be applied to specific locations or customers.
Additionally, Shopify introduces manual payment methods for B2B customers, offering options like bank transfers, checks, and international wires—catering to businesses that prefer not to use credit cards.
Key Features:
- Percentage-Based Deposits: Set deposit amounts for each customer at checkout.
- Manual Payment Options: Enable B2B customers to pay via methods like bank transfer or check.
- Bulk Setup: Apply payment terms to multiple locations or customers at once.
Shopify Collective
Shopify’s Collective allows businesses to fetch supplier shipping rates directly at checkout, improving shipping accuracy and customer satisfaction. This eliminates the need for flat-rate shipping and ensures that shipping costs are based on real-time data.
Key Features:
- Accurate Shipping Rates: Fetch supplier shipping rates based on weight and location.
- Streamlined Operations: Manage products, inventory, and shipping rates all within Shopify.
Additionally, Shopify Collective simplifies product management, making it easier for B2B businesses to scale and maintain an up-to-date product catalog. Efficiently managing and importing supplier products is crucial in B2B. Shopify Collective’s bulk management capabilities streamline this process, enabling faster go-live times and better product synchronization.
Key Features:
- Bulk Management: Import and manage thousands of products simultaneously.
- Real-Time Syncing: Automatic updates ensure accurate product information.
- Customizable Details: Modify product titles, descriptions, and media for better branding.
Draft Orders and B2B Transactions
For businesses handling direct orders outside the online store, Shopify now allows merchants to send invoices for draft orders with specific payment terms. This feature enhances control over transactions and is ideal for B2B merchants working with orders made through phone or email.
Main Benefits:
- Draft Orders with Payment Terms: Create and manage B2B orders outside of the online store, complete with payment terms.
- Local Currency and Delivery Options: Tailor invoices to reflect local pricing, currency, and delivery preferences.
This provides B2B businesses with a flexible, streamlined way to manage transactions that occur outside of their standard online processes.
Up to 10,000 Locations Support
Shopify Plus now enables businesses to create and manage up to 10,000 ship-to locations per company, streamlining operations for large-scale B2B clients. This feature offers greater control over complex customer structures, allowing for detailed customization of catalogs, payment terms, and shipping addresses.
Key Features and Benefits:
- Multiple Locations per Company: Manage up to 10,000 locations per B2B customer, each with unique catalogs, payment terms, and checkout options.
- Custom Information with Metafields: Store and customize additional information for each company, offering a personalized experience.
- Flexible Shipping Options: Allow B2B customers to enter one-time shipping addresses at checkout, ensuring accuracy for each order without saving details for future use.
Now it’s easier to efficiently manage complex B2B structures. Whether it’s custom catalogs, unique payment terms, or accurate shipping details, this feature streamlines processes for large B2B clients. For more details, visit Shopify B2B Companies Resource.
Manual Payment Methods for B2B Customers
Shopify Plus now allows B2B merchants to offer manual payment options at checkout, including bank transfers, checks, and international wires. This feature is designed for customers who prefer not to use credit cards, providing greater flexibility and convenience in payment arrangements.
Key Features and Benefits:
- Flexible Payment Options: Offer B2B customers a variety of manual payment methods, such as bank transfers, checks, and international wires.
- Easy Order Management: Orders placed with manual payment methods appear as unpaid until the payment is received. Once payment is confirmed, merchants can manually mark the order as paid and proceed with fulfillment.
This feature helps B2B businesses cater to a wider range of payment preferences, making transactions smoother and more adaptable. For more details, visit the Shopify Manual Payments Resource.
Advanced Filtering
Shopify Plus now offers advanced filtering capabilities for companies and their locations using metafields. This feature simplifies the management of B2B customer information, making it easier to access and analyze relevant data.
Key Benefits:
- Enhanced Organization: Quickly filter and locate specific company data for improved management.
- Flexible Metafield Support: Use various metafield types, such as single line text, product references, and true/false values, to organize data.
- Streamlined Data Management: Apply filters to both companies and their locations for more efficient data analysis.
Headless B2B Storefronts with Shopify Plus
Shopify Plus now offers headless B2B storefronts, providing businesses with complete control over their eCommerce experience. With the Storefront API and Customer Account API, you can build deep customization and seamless integration into your existing workflows.
Key Features:
- Storefront API: Access product data anywhere without rate limits, providing flexibility in how data is displayed.
- Customer Account API: Build personalized commerce experiences by integrating directly into your technology stack.
- Hydrogen Framework: Quickly launch custom storefronts using Shopify’s official headless framework built on Remix, with deployment available via Oxygen for a global serverless edge.
- Mobile SDKs: Create native shopping experiences for Android and iOS, integrating Shopify's best-performing checkout via the Checkout Sheet Kit.
With Shopify Plus’s headless capabilities, businesses can create highly customized B2B storefronts and integrate them seamlessly with existing systems, enhancing both user experience and operational efficiency.
Sync Data with Microsoft Business Central
Shopify's integration with Microsoft Business Central ensures that data flows seamlessly between Shopify and your business management systems. This integration provides visibility into financials, inventory, and sales performance, helping businesses make more informed decisions.
Key Features:
- Financial Visibility: Monitor profits, costs, and tax calculations.
- Inventory Optimization: Track product delivery schedules and improve supply chain management.
- Multi-Shop Support: Sync data across multiple Shopify stores and sales channels.
This integration is a key feature for businesses looking to streamline operations and improve efficiency.
Conclusion
The Summer 2024 updates from Shopify brought significant changes that B2B businesses can leverage to improve their eCommerce operations. With features like enhanced customization options, smarter AI tools, and flexible payment solutions, your businesses can stay competitive and optimize their processes. For a deeper dive into the latest updates and upcoming features, stay tuned for our insights on the next round of Shopify updates with the 2025 Winter Edition.
