The Growth of Global Online Retail [Infographic]

Over the past number of years, the popularity of online retail has surged dramatically. The developments and innovations in technology has allowed online retail to become a billion dollar industry. This popularity has changed the way both consumers and retailers do business.

Regardless of industry, the majority of retailers now have some form of digital element to their enterprise. A key reason for this growth is due to the accumulative types and number of goods available on the market.

Recent research highlights that there will be massive increases in online revenues over the next number of years. With the availability of the internet via computers and mobile devices, now more than ever before ecommerce websites are easy to access. Benefits to online shopping include: fast delivery, easy return policies, and (in many cases) free shipping. So how can the retail industry innovate itself? Will online trade surpass in store trade?

The people at 2 Flow have analysed the current market and designed this informative infographic that outlines all of the key elements. Let’s check it out for all the info!

How frequently do you use an online platform to purchase? Do you still prefer to buy from physical stores? What do you think of the growth in ecommerce? Let us know in the comment section below! Don’t forget to rate and share this post.

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Rob Memery

Rob Memery works with 2 Flow in Ireland. Their mission is to enable their customers to outsource all of their storage, order processing, stock management and distribution requirements activity to a specialist – leaving them to focus on what they are good at – sourcing, producing, marketing and selling their products.