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E-commerce continues to shut down many physical stores worldwide. However, these shutdowns do not necessarily mean that the economy is in trouble. In reality, consumers are simply shifting to more efficient ways of purchasing goods.
As e-commerce becomes more popular for consumers, more large brick-and-mortar retailers will continue to die out. According to USA Today, approximately one-thousand stores were closed in the United States in 2016 by popular brands such as Macy’s, Sports Authority, Walmart, Kmart/Sears, and Ralph Lauren. One might think that this would mean that there will be fewer jobs because of shutdowns – not necessarily. Instead, American jobs will likely start to shift from physical retail industry to the logistics and supply chain industries. Moreover, e-commerce isn’t just changing retail, it’s also changing the services industries as well. Uber and Lyft are perfect cases in point.
Contact Continuum Consulting today, and discover how we can help with your e-commerce solutions.