We've entered the Future of Shopping

We believe the future belongs to information technology and savvy customers of tomorrow will prefer a wider range of products from around the world at lower prices delivered to door within 24 to 72 hours. The days of deceptive huge sale and high discounts on inflated prices at pricey mall stores are gone because customers can now compare prices online. More people have fiber and broad band internet connection around the world and they are experiencing the benefits of online shopping. The internet will be free to everyone one day.

Ecommerce is Growing Rapidly

According to a new Forrester Research e-retail forecast, the web in 2018 will account for 11% of total retail sales, up from 8% in 2013. U.S. e-retail sales are expected to grow from $263 billion in 2013 to $414 billion in 2018, a compound annual growth rate of 9.5%, according to a new online retail sales forecast from Forrester Research Inc. released today. E-retail’s share of total retail sales will continue to inch upward, from 8% in 2013 to 11% in 2018. The dollar growth from the actual 2013 figure of $263 billion to the forecast $414 billion for 2018 is 57.4%.

What is Driving the Growth?

Forrester cites two factors. The first is proliferating use of smart phones and tablets, which are boosting the amount of time consumers spend online. More than half of U.S. online consumers now have smartphones, and they're using them to research purchases, find stores and to find the best prices available. Tablet owners are also spending their leisure moments (weekends, evening prime-time hours) shopping online.

Objects may be Closer than they Appear

Old school, consider more possibilities such as strides in biotechnology, lab-grown organs, affordable space travel, wearable technology, dismantling of payroll and more. These are not imaginations. We have seen many changes up close but there are many that are quietly happening. Like the brutal but good news of electronic readers and news websites wiping out paper newspapers. Silly big thick yellow pages, directories, catalogs, junk paper mail will bleed to death. Less trees will be cut. Information technology will bring fascinating changes in our lives. Visit the link below to read how our lives will be impacted by probable events and improvements, not just random predictions.

A Sneak Future Preview

Did You Know?

The retail industry is undergoing a dramatic shift. E-commerce is capturing a larger share of sales than ever before. Today, ecommerce drives nearly all retail growth in the U.S. Retailers are developing more immediate and interactive online experiences to retain and grow their customer base.