E-commerce trends to watch out for this decade
E-commerce,
the now largely embraced norm worldwide. E-commerce has been recording a 10
percent growth since the year 2010. this growth seems to be accelerating each
year, and the good news is, it has been fully embraced in our businesses today.
Research proves that e-commerce is more prevalent among millennials who make 60
percent of the world’s population. This fact has seen a significant shift in
the numbers of online purchasing. For instance, in 2019, 17 percent of retail
sales in the United States of America were made online. This is attributed to
several trends that have made e-commerce an almost face-wash easy affair. Take
an example of a social media platform like Facebook and Instagram. A platform
that was designed to share pictures with friends on the internet is now used to
make purchases online just by hitting several clicks and having conversations with
suppliers. The future of e-commerce doesn’t seem to be slowing down any time
soon with many businesses looking to expand by finding new consumers and investing in more stock. Lucky there is plenty of great inventory software available to help them manage it all! For now, let us look at e-commerce trends to expect in this century and beyond.
Parcel Delivery
Logistics industry fear that if e-commerce growth keeps accelerating, they
could suffer a dramatic collapse in their services and capabilities. But
shippers in the shipping industry today understand e-commerce global parcel
delivery trends and can take steps in their endeavour to achieving
disruption-free operations. Some of the e-commerce parcel
delivery
trends to expect soon are modifications of what we have today. Some of them
will include
Predictive analysis to understand inventory, current forecasts and logistics
industry demand including parcels as well. Retailers will also be able to free
resources in the supply chain by using storefronts as distribution centres.
This aspect will create a massive competitive
advantage.
Re-commerce
Re-commerce, better known as the second-hand e-commerce market, is slowly
but swiftly familiarizing itself in the online purchasing space. This is set to
explode soon. Some of the critical factors that play host to this growing trend
include increased demand on sustainability, ability to cheaply source
sought-after products, and the need to stay ahead in fashion trends and the
rest of industries. The demand for second-hand goods has been spread far and
wide, and platforms like Facebook marketplace are more utilised than specific
niche sites. This is more about selling products that can be returned for
resale without tampering with their quality. It is going to be surprisingly
profitable.
Progressive Web Application for E-commerce
While undergoing your business, you would want to have the experience of a
native mobile app through a website. PWA gives you that experience. Many
e-commerce websites have and are continuing to utilise this powerful tool. But
this is improving over time and is spilling over too many websites, both social
and e-commerce.
There are plenty of e-commerce trends to expect in this decade, including the
expansion of fulfilment options, dynamic pricing, companies embracing brick and
mortar, fast-fashion adoption and much more. E-commerce is taking over in the
coming decades and its time to stay competitive as a supplier and informed as a
buyer. Please make the most out of it.