Unquestionably, the future of retail growth is in ecommerce.
The convenience for the shopper and the reduction in overheads for the retailer are two primary drivers of Australian ecommerce growth, and with steadily decreasing costs of logistics and delivery – this growth trend is set to continue for several years yet.
Megastores like Coles, Woolworths, Target and Kmart have opened up ecommerce websites to take advantage of the increased margins of online retail and the ability to serve consumers around the clock.
Who doesn’t love walking into Kmart at night for a dish rack and leaving with $300 worth of stuff?
Well, you can do it online now. You don’t have to brave the traffic, find a carpark, wait in line, or lug your goods to the car. You don’t even have to leave your couch.
And Kmart doesn’t have to pay that spotty 17-year-old to slump by the counter all night either.
The world of ecommerce is booming and we want to prove to you exactly why now is the time to capitalise on the sustainable growth of Australian ecommerce.
We’ve collected four of the most compelling statistics about ecommerce in Australia.
If you’ve been thinking about starting your own online store – this should be the inspiration you need
If you’re trying to convince your boss to invest in ecommerce – these are the stats you need to highlight in your presentation slides
If you’ve taken the first tentative steps into the world of ecommerce – you can be confident in your continued investment
Use these statistics to help inspire you and your business to strengthen your investment in ecommerce and capitalise on the long term growth of online retail.
#1 Global ecommerce sales will reach $4.5 trillion by 2021 – and Aussies are already top ten competitors
There’s no doubt about it: if you’re looking for sustainable long-term growth – ecommerce is the business to be in.
It’s the retail industry’s version equivalent of striking oil, and with many industries still struggling to adapt, there’s still plenty of reserves left to be found and mined.
Global ecommerce sales are rising at top speed and according to Statista, there’s no stop in sight. The statistics portal anticipates sales to rise to $2.8 trillion in 2018 and $4.5 trillion in 2021.
We’re looking at ecommerce sales doubling from 2017’s minuscule $2.3 trillion within four years. It’s an exciting time to be in ecommerce.
Australia is performing well alongside global powerhouses like China, America and the United Kingdom. According to economics blog Consultancy UK, we’re sitting in tenth position for ecommerce sales worldwide, just below Belgium and Russia.
We’re also expected to produce $32.56 billion in ecommerce sales this year alone and if global trends are correct, we’re on the path to smashing economic records in the near future.
Australia is becoming an ecommerce powerhouse.
It’s time to cash in on this sweet growth potential.