What happens to ecommerce attribution when cookies are removed?

Cross-site tracking breaks. That's the short version. When third-party cookies disappear, multi-touch attribution models lose visibility on somewhere between 20-40% of touchpoints, because the identifier that used to stitch a user's journey together across sites and sessions just isn't there anymore. Attribution shifts toward first-party data, server-side event tracking, and modeled/probabilistic estimates instead of pixel-based tracking.