It’s no secret that e-commerce is rapidly grabbing market share from traditional brick-and-mortar retail. Think of Amazon, Walmart, Best Buy and the stores now offering their wares online. In 2017, online sales soared 24.8% from the prior year, accounting for 10.2% of global retail sales.
And that’s set to keep climbing.
Practically everybody buys online today. About 96% of Americans have made an online purchase in their lives, and 80% have made one within the past month.
In the internet age, any obscure item can arrive at your doorstep in a few days. This is especially handy in the age of the coronavirus. I didn’t have to fight hordes of shoppers at Costco because a 36-roll package of Scott’s toilet paper and three tubes of Lysol wipes arrived on my doorstep last week.
Nowadays, using Amazon Prime has become so convenient, I’ll never be able to go back to living without it.
Because technology is making shopping convenient for everyone, anywhere, global e-commerce is expected to grow by at least 10% a year over the next five years into a $7.7 trillion industry.
E-commerce is just another trend that is ushering in the Great American Reset — the economic boom that the U.S. will see after we conquer our current coronavirus crisis.
The coronavirus is accelerating the shift toward e-commerce. Users love the convenience of ordering online and having goods shipped directly to their door. And with a vaccine still months (maybe even years) away, Americans are going to become more reliant — not less — on e-commerce in the near future.
But e-commerce isn’t limited to just America. This is truly a global tipping point trend.
You see, when the coronavirus first broke out in China, it was “Ground Zero” for what we would endure here in the U.S. later. And it fueled e-commerce growth like no one’s business.
The coronavirus accelerated e-commerce growth in China as shoppers avoided brick-and-mortar stores. Online grocery shopping boomed as older customers adopted technology for home deliveries.
But the future of e-commerce doesn’t simply hinge on where consumers can buy the things they need — delivery is important too. The leaders of the trillion-dollar e-commerce market need to efficiently and cheaply deliver these products.
So the e-commerce tipping point trend is also fueling a renaissance in delivery — I’m talking about autonomous delivery vehicles, unmanned drones, you name it.
But e-commerce isn’t just limited to clothes shopping and impulse purchases from that behemoth, Amazon.
It’s also shaking up grocery shopping as we know it.
This century’s biggest change to grocery shopping has finally arrived. With this transformation, you’ll never again have to don your hat and gloves to venture out to the grocery store on a cold winter’s day. (Or more like it, don your medical gloves and mask to risk entering a coronavirus-laden store.)
In this future, you can order groceries from the comfort of your living room or from the seventh hole on the golf course. Or, even better, your connected appliances can decide when it’s time to order more eggs and milk.
The coronavirus outbreak is truly accelerating technology at a pace that’s simply unbelievable. And all of these groundbreaking technologies are leading to one big event.
The Great American Reset.
To learn more about how the Great American Reset will drastically change life as we know it, click here.