, APAC
406 views
Photo by Antoni Shkraba via Pexels

Global e-commerce market to reach $11t by 2028

China and the United States dominate the sector.

The global e-commerce market is set to hit $11t by 2028, driven by advancements in technology, improved delivery services, and increasing internet penetration, according to GlobalData.

The market is projected to grow at a compound annual growth rate (CAGR) of 11.1% between 2023 and 2028.

China and the United States dominate the sector, holding 33% and 30% market shares, respectively.

Aisha U-K Umaru, strategic intelligence analyst at GlobalData, noted that these two nations are home to some of the world’s largest tech giants, including Alibaba and Amazon, which capitalise on vast amounts of consumer data generated on their platforms.

She said that companies must innovate to meet consumer demands, embrace ESG compliance, and leverage data-driven strategies to stay competitive.

Subscription-based services have also emerged as a growing segment within the e-commerce market.

Additionally, Umaru highlighted the importance of ESG compliance for e-commerce businesses.

“ESG regulations such as the EU taxonomy for sustainable activities are also a method of clamping down on greenwashing, the practice of inflating a company’s ESG performance for marketing purposes,” she said.

The report also said terms like “carbon neutral” and “environmentally friendly” are now under strict regulation, and failure to comply could lead to legal consequences.

Moreover, Umaru highlighted the role of social equity in the sector, noting initiatives like the Fifteen Percent Pledge, which encourages US retailers to dedicate at least 15% of their shelf space to Black-owned businesses.

“Additionally, issues such as supply chain transparency and diversity remain critical, as brands strive to align with the evolving ESG priorities of Gen Z and Millennial consumers,” she said.

Kawan Lama Indonesia mengaburkan batas antara belanja online dan offline

Pengunjung  platform e-commerce grup, Ruparupa.

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.