Chicago — Internet retailing is the fastest growing global channel, expected to increase 73 percent by 2022, making it larger than traditional grocery retailing, according to Euromonitor International Ltd.
“While store-based modern and traditional grocery retailing combined will remain larger, internet retailing is changing the traditional way of shopping for many products, especially for groceries,” says Michelle Grant, head of retailing for Euromonitor. “It’s no surprise that now three of the top-five largest retailers in the world are internet retailers.”
Food and beverage categories are anticipated to have the fastest growth from ecommerce sales, with projected gains of 80 percent, the market research company reports.
In addition, mobile is expected to account for about half of total ecommerce sales in 2019, pushing retailers to seek out the next wave of technology that will create ways for consumers to shop.