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Slow site = bad SEO
Have you all tried this google speed test tool...
https://developers.google.com/speed/pagespeed/insights/
It shows how your ecom site ranks and some ways to make it faster. Google analytics also shows your speed and shows how your site has performance past days/ months/ years.
So, google likely uses this data to suppress slower sites.
I tested our site and we're currently getting a score of 62 out of 100 on desktop and 54 out of 100 on mobile.
I then tested two other NetSuite stores that I'm aware of.
One got 71 out of 100 on desktop and 62 out of 100 on mobile.
The other got 80 out of 100 on desktop and 60 out of 100 on mobile.