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Statista trend report on e-commerce challenges
The e-commerce industry is fraught with multiple challenges at a time when the global economy is undergoing significant changes. From external shocks like the COVID-19 pandemic to the impact of Russia’s invasion of Ukraine, the macroeconomic atmosphere which e-commerce companies operate in is proving to be increasingly volatile.
In addition, the climate emergency puts further strains on an industry relying primarily on last-mile delivery for order fulfillment, which is responsible for a significant amount of carbon dioxide emissions. At a time when global policymaking is centered around urgently tackling climate change, e-commerce merchants need to rethink their heavy reliance on last-mile delivery and how to substitute it for greener solutions.
Finally, the increasing prevalence of artificial intelligence in the retail landscape presents a further challenge for e-commerce retailers to meet consumer expectations in terms of personalization, automation and cyber security.
The report focuses on three main challenges that e-commerce companies need to take heed of and that are likely to define the future of the industry in the years to come.
1. Market and workforce - The impact of the recession on the e-commerce industry.
2. Planet and supply chain - The impact of climate targets and the sustainability imperative on operations.
3. Technologies and innovations - The rise of artificial intelligence and tech innovations in the retail space and their role in e-commerce.
Market and workforce
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)