The Google Product Reviews Update according to SEO experts, aims to promote review content that is beyond the templated information one can find on the web. Google aims to promote such product reviews in its search results rankings.
These latest SEO updates also aim at encouraging site owners to include detailed reviews on their websites. At the same time, it is also important to understand that Google is not looking to directly punish lower-quality product reviews that include a simple summary of a bunch of products. However, if you find your SERP rankings degraded due to the same reason, and other content promoted above yours, it may seem like a penalty. In contrast, according to Google, this should rather be considered a reward for websites with more insightful review content. According to SEO experts, irrespective of the fact that your website has or does not have review content, this update is a great opportunity for you. You can add more insightful content and diverse reviews on products listed on your website to see your rankings grow.
However, it is also important to keep track of the changes through the Google Search Ranking Updates Page, as the Automated assessment of product review content is only one of the many factors used in content ranking, and changes can happen at any time for varied reasons.