How E-Commerce Is Affecting Retail Stores Space
The global pandemic affected every business around the world, and as the world economy begins to rebound, businesses that focus on e-commerce seem to have a step-up on competition. As more businesses begin to prioritize online order fulfillment, in-person shopping will continue to change in front of our eyes. You need to consider how this might impact your business and alter the way you operate moving forward.
Huge E-Commerce Boost
E-commerce was already on the rise before the pandemic hit. That’s why companies such as Walmart and Target, who began experimenting with online fulfillment before the pandemic, suffered the least. While we may have seen an increase in e-commerce before COVID-19, it was the pandemic that thrust it to the forefront. Research from Edge by Ascential shows that stores could dedicate as much as a third of their space to online order fulfillment in the near future.
The data backs this theory up. Edge by Ascential believes that 34.8% of the global chain will be online by 2023. By 2025? Nearly 40%. This means retail stores will have no choice but to alter the way they utilize their space. While the United States is soon to follow suit, it currently lags behind the rest of the global chain. Research shows e-commerce is predicted to reach 23.6% of retail sales by 2025.
Brick and Mortar Isn’t Going Anywhere
As a business owner, you know e-commerce has its pros and cons. It allows consumers to shop anytime, anywhere without having to leave the comfort and safety of their homes. But less time spent in stores can mean a decline in spending. Fortunately, brick and mortar continue to remain responsible for the vast majority of commerce.
While the demand for e-commerce is growing among consumers, physical stores remain essential to marketing and sales. Moving forward, businesses may start to tweak the in-store shopping experience. Stores may turn into vessels for us to learn, socialize, and test out new products while experiencing an interconnected ecosystem.
Should You Focus on E-Commerce?
Unfortunately, too many small business owners fail to see the potential of e-commerce. While brick and mortar retail remains the lifeblood of small businesses, that doesn’t mean they can’t find ways to benefit from the trend in e-commerce. In fact, Walmart recently announced that they plan to sell their e-commerce technology to small and medium-sized retailers.
Retailers can use this technology to allow shoppers the opportunity to buy items online and pick them up in-store. You need look no further than Walmart to see how successful this business model can be. Walmart saw a 79% increase in online sales, and a triple-digit increase in pickup delivery sales over the past year.
We’ve Got Your Logistics Covered
Transitioning to e-commerce can be incredibly difficult. Dealing with logistics can make the process even more challenging. That’s why our team at Trifecta Transport is here to help. We’re here to streamline your logistics process to save you time, money, and headaches due to shipping-induced stress.
Our team works hard to book, track, and manage your shipments, all while working within your budget. We have different departments for each logistics sector, so you get the best shipping method possible based on cost and your specific business needs. Our goal is to make your business’s transition to e-commerce as smooth as possible.
Contact Trifecta Transport Today
Our team at Trifecta Transport is ready to help you with your transition to e-commerce. We can cover all of your logistics needs. If you have any questions about the services we offer to our clients, give us a call at 1-800-469-1428, or email us at firstname.lastname@example.org. We look forward to working with you!