eCommerce companies must adjust as consumer expectations change and new strategies and technologies appear. Change and innovation are two retail elements that any company may anticipate in 2023. Based on global sales, Alibaba Group is the biggest online retailer. For 2022, it was predicted that the platform’s online sales would be around 780 billion dollars. By 2027, Amazon is expected …
Before COVID-19 came along and permanently altered the retail landscape, eCommerce was already growing by leaps and bounds. Highlighting this point, data from Statista shows that, by 2024, eCommerce sales in the United States are expected to surpass $475 billion. For those who are keeping score, that’s more than a $100 billion increase over the next four years. As a …
The first product to be sold online was a book that was purchased through Amazon in 1995. Twenty years later, sales in the e-commerce industry have reached more than $ 2 trillion worldwide. And there is no question about it that they will continue to grow. E-commerce has revolutionized retail. It has highly evolved over the years to meet the …