Within the next twenty years (2040), eCommerce will account for 95% of all retail purchases.
Sounds like a big leap?
It isn’t!
People are continuously going for online shopping. The digital buyer count keeps moving upwards, from 1.14 billion in 2014 to a predicted 2.14 billion by 2021. And, we already have 24 million online stores (approx.) across the internet at present.
As a prudent eCommerce seller, you surely do not want to waste time in manually tracking how many units of each product have been sold or whether orange colour jackets sell more in comparison to their white counterpart!
More and more retailers are these days making a transition from brick-and-mortar stores to eCommerce, viewing it as an effective extension to the physical store that enables them to expand customer base and increase profits without needing to invest in physical locations. However, online retailing doesn’t come without challenges, beginning with the right eCommerce platform.
