The NEXT generation: What are the three global transformative shifts in the retail sector?

Shopping in the New Exceptional Technologies era

clock • 5 min read

E-commerce has been displacing brick-and-mortar stores for years, but the trend accelerated dramatically in 2020, as lockdowns and shuttered retail locations forced consumers to the internet in droves.

In the US alone, e-commerce gained 5% penetration in a few short months, a milestone that previously took six years, from 2014-2019, to reach. With demand pulled forward by roughly two years, e-commerce penetration is expected to reach 25% by the end of the year. This reality spells disaster for traditional retailers not fully embracing new technologies. While an online presence is now a prerequisite for survival, a website alone is not enough for success in today's increasingly digital and interconnected world.  Rodrigs adds to internet retailers to benefit from Covid trends Not a...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Fund managers more bullish on global growth following Trump win

Fund managers more bullish on global growth following Trump win

BofA Global Fund Manager survey

Beth Brearley
clock 14 November 2024 • 1 min read
21st Federal Reserve vice-chair Richard Clarida on Trump, the US election and the 2% inflation target

21st Federal Reserve vice-chair Richard Clarida on Trump, the US election and the 2% inflation target

Q&A with Pimco's global economic adviser

Linus Uhlig
clock 05 November 2024 • 5 min read
AJ Bell's James Flintoft: Negativity on China has become excessive

AJ Bell's James Flintoft: Negativity on China has become excessive

Increase in appetite for Chinese equities

James Flintoft
clock 22 October 2024 • 3 min read
Trustpilot