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Online Retailing Set To Continue To Grow, But Challenges Lie Ahead: Study

Published on Apr 13 2021 8:19 AM in Technology tagged: Trending Posts / Paywall / The Economist / Online Retailing / The Economist Intelligence Unit

Online Retailing Set To Continue To Grow, But Challenges Lie Ahead: Study

Online retailing expanded by close to a third (32%) in 2020, with further growth expected in the coming years, however operators in this sector will need to invest in order to continue to reap rewards, a new report has found.

The report, by The Economist Intelligence Unit, anticipates that online sales will almost double their share of total retail sales from 10% in 2019 to close to 20% by 2025.

However, online retailers will need to 'devise winning strategies' in three areas in order to ensure continued profitability: adoption of next-generation technologies; warehousing and fulfilment; and harnessing a new generation of digital entrepreneurs.

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