Can Warehousing Withstand the E-Commerce Boom?

DON NASCA | December 24, 2018

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If you recently checked out using a virtual cart, you’re not alone. E-commerce across all sectors of the retail space continues to grow exponentially, with sales expected to hit $4.5 trillion by 2021. In fact, Q1 2018 saw a 14% increase in e-commerce sales as compared to that same period last year and the international community may still be unboxing some of the more than 100 million products sold during this year’s Amazon Prime Day, which Amazon dubbed its biggest in history. Today’s retail markets are dominated by millennials who now make 54% of their purchases online, with 40% of U.S. male millennials claiming they would “ideally buy everything online” if they could. This grand ambition is quickly becoming a reality. In the past few months, we’ve seen a growing number of grocers, such as Kroger, accelerating delivery options as a means to gain market share back from Amazon, which acquired Whole Foods last year. Walmart also announced a stream of high-tech innovations aimed at today’s convenience-oriented, click-and-go customers, including plans to test a robotics system to speed up its growing online grocery pickup services.

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YOOX, established in 2000, is the world’s leading online lifestyle store for fashion, design & art.Thanks to long-standing direct relationships with designers, manufacturers and official retailers worldwide, YOOX offers an extensive assortment of hard-to-find clothing and accessories for men and women from the world’s most prestigious designers, a unique selection of home design objects, alongside exclusive collaborations with internationally-renowned artists, socially and environmentally responsible brands and kidswear.

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