Just before we begin Holiday Season 2018, we wanted to look back over last year to help set expectations for the months ahead. We’ve cherry-picked the most interesting ecommerce stats from 2017 to see how well the industry performed, how it’s affected by the holiday season and try to determine who will be the winners and losers of this years season.
Online grocery deliveries continue to have a massive impact on the ecommerce ecosystem. This market is estimated to be worth $17.5bn and is growing actively with 5.5% of grocery shopping is done online. In 4 years’ time, 10% of all grocery sales will take place online. For any business in the ecommerce space, getting a deep understanding of these trends can be a catalyst to further success. With such a massive market, the opportunities are more than appealing.
The ecommerce Grocery landscape has become one of the hottest areas of ecommerce today. Grocery ecommerce is set to outgrow in-store sales tenfold, and by 2022, nearly one-tenth of total grocery sales will be online. Early dominance of this space by players like Amazon has proven that data-driven insights are the key to carving out success in this highly competitive market. In preparation for the 2018 Groceryshop Las Vegas event, we’ve put together some key ways insights can contribute to success in this multi-billion dollar market.
Data-driven insights can have a very real impact on an organization. In some cases, they can even be used to turn around a business. Sam’s Club, for example, was at a turning point. Would it go the way of Toys ‘R Us and similar giant brick & mortar retailers? Find out how data-driven insights revealed incredible opportunities for the big retailer, and if they were instrumental in the organization’s turnaround.
In a business environment where moving fast and smart are critical competitive advantages, sifting through data to find insights and trends could be the worst thing you can do with your precious time. Actionable data, however, when used correctly, is priceless. Real-time actionable insights, moreover, are precisely what smart organizations are relying on to propel themselves forward.
Data, and specifically the insights uncovered from this data, have been used in the retail sector for a while now shaping decisions around stock strategies, pricing, and customer experience. As the shopping experience moves increasingly and adaptively online, these insights are becoming even more important. Take a look at the power and centrality of insights, and how your organization can harness these insights to boost your business.
There is a lot of data out there, but if it’s not used correctly, it is not really a competitive advantage. Decision making for retailers and CPGs has changed tremendously as the amount of data available and the processing power of computers has increased. We’ll look at the factors contributing to this change, as well as insights into what this means on a practical level and what the future may hold.
Toys ‘R Us has come crashing down, as irresistible – and arguably inevitable – forces brought the household name to the edge of oblivion. What caused this? How can companies guard against this? What impact does this have on companies both online and off?