While physical stores have so many advantages, they are not immune to the pressure of e-commerce. With the advent of mobile technology and the internet, consumers are able to access a store’s inventory at any time, anywhere. E-commerce companies have an advantage in that they can offer a wider range of products than their physical counterparts. The future of retail is uncertain but it seems that e-commerce will dominate physical stores.
E-commerce has been dominating the retail industry for quite a few years now. The rise of e-commerce is also largely due to the fact that customers are attracted by its convenience and accessibility. Consumers can buy products anytime they want from any location they want as long as they have an internet connection.
On the other hand, physical stores are still dominant in some countries like Japan and China due to their high population density and preference for shopping offline. With the rise of e-commerce, physical stores are going to be a thing of the past. Customers will be able to order anything they want from their smartphones and get it delivered right to their doorstep.
