The continued rapid growth in e-tailing is a real game changer for the property industry, according to Goodman’s group CEO, Greg Goodman.
The property developer has commissioned a report on the e-retail market which shows that shopping now accounts for almost a fifth of all purchases in developed markets and is growing between 15 per cent and 20 per cent per annum.
The growth rate in developing economies is far higher, with China for example currently experiencing around 75 per cent growth a year.
In line with the rapid growth in e-retailing around the world, it has been estimated that the global e-commerce market could be valued as much as US$1 trillion in 2013 and up to US$1.4 trillion by 2015. The research was carried out by Transport Intelligence.
Goodman said, “The research has enabled us to better understand the key drivers in the e-retailing market globally and the trends that are shaping the industry, including logistics operators. What is very apparent is that there is no ‘one size fits all’ approach to optimising distribution efficiency, with e-retailers in different markets adopting very different fulfilment and distribution strategies.”