Lockdowns and social distancing accelerated the adoption of the online channel for apparel shopping
LONDON, July 07, 2022 (GLOBE NEWSWIRE) — The
Ecommerce Thematic Intelligence Highlights
- Ecommerce is the fastest-growing channel for apparel sales
- Ecommerce is disrupting global apparel retailing
- COVID-19 has accelerated e-commerce adoption
- Significant challenges lie ahead
Ecommerce Value Chain
- Customer interface
- Order management
- Transaction processing
- After-sales service
Ecommerce websites facilitate the online transaction of goods and services through the transfer of information and funds over a network. There are different e-commerce websites for every field, including online retailers, auction websites, and business-to-business services. Increased smartphone ownership and the need to enhance the customer experience have resulted in e-commerce businesses offering both a website and an app. The popularity of mobile devices is driving e-commerce businesses to focus on mobile apps, although operating an app-only format is no guarantee of success.
Key Technology Trends Impacting the Ecommerce Industry
- The rise of the internet super-monopoly
- Mobile commerce
- Social commerce
- Computer vision
- Machine learning
- Virtual reality (VR) and augmented reality (AR)
- Conversational platforms
- New delivery options
Key Macroeconomic Trends Impacting the Ecommerce Industry
- Generation Hashtag
- Online to offline (O2O)
Key Regulatory Trends Impacting the Ecommerce Industry
- Fintech regulation
- Tax avoidance
- Data privacy
Leading Retailers Associated with the Ecommerce Theme
Amazon was an e-commerce pioneer, starting as an online bookstore in 1994, before expanding rapidly into related areas like fashion, music, consumer electronics, games, and toys. The company’s key strengths include the breadth of its offering, which incorporates most major product categories, its delivery capabilities, and its use of technology. Amazon uses AI, including machine learning, conversational platforms, and image recognition, to improve customer interactions, manage deliveries, and boost its search engine capabilities. Amazon is investing heavily in its delivery function to meet customer demand for same-day and next-day delivery options and is likely to be the first retailer to offer wide-scale delivery via drones and autonomous vehicles.
Ecommerce Sector Scorecards
At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecards have three screens:
- Thematic screen: Our thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
- Valuation screen: Our valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
- Risk screen: Our risk screen ranks companies within a particular sector based on overall investment risk.
- Apparel Industry Mergers and Acquisitions Deals by Top Themes in Q1 2022 – Thematic Research – Click here
- Ecommerce in Retail – Thematic Research – Click here
- Ecommerce Sector Scorecard Q1 2021 Update – Thematic Research – Click here
- Apparel Top 10 Themes for 2022 – Thematic Research – Click here
- Online Apparel Market 2020-2025 – Click here
Ecommerce Thematic Research Report Overview
|Market Size 2020||$425 billion|
|Key Technology Trends||The Rise of The Internet Super-Monopoly, Robotics, Mobile Commerce, Social Commerce, 5G, Computer Vision, Machine Learning, Virtual Reality (VR) And Augmented Reality (AR), Conversational Platforms, Blockchain, And New Delivery Options|
|Key Macroeconomic Trends||COVID-19, M&A, India, Generation Hashtag, China, and Online to Offline (O2O)|
|Key Regulatory Trends||Fintech Regulation, Tax Avoidance, And Data Privacy|
|Key Value Chains||Customer Interface, Order Management, Transaction Processing, Fulfillment, and After-Sales Service Management|
|Leading Retailers||Amazon, Macy’s, Walmart, Alibaba, JD.com, Vipshop, ASOS, H&M, Next, Zalando, Jumia, MercadoLibre, and Rakuten|
What was the global e–commerce market size in apparel industry in 2020?
The global online apparel sales were estimated at $425 billion in 2020.
What are the key technology trends impacting the e-commerce theme in the apparel industry?
The key technology trends impacting the e-commerce theme in the apparel industry are the rise of the internet super-monopoly, robotics, mobile commerce, social commerce, 5G, computer vision, machine learning, virtual reality (VR) and augmented reality (AR), conversational platforms, blockchain, and new delivery options.
What are the key macroeconomic trends impacting the e-commerce theme in the apparel industry?
The key macroeconomic trends impacting the e-commerce theme in the apparel industry are COVID-19, M&A, India, generation hashtag, China, and online to offline (O2O).
What are the key regulatory trends impacting the e-commerce theme in the apparel industry?
The key regulatory trends impacting the e-commerce theme in the apparel industry are fintech regulation, tax avoidance, and data privacy.
What are the key value chains in the e–commerce theme?
The key value chains in the e-commerce theme are customer interface, order management, transaction processing, fulfillment, and after-sales service management.
Which are the leading retailers associated with the e–commerce theme?
The leading retailers associated with the e-commerce theme are Amazon, Macy’s, Walmart, Alibaba, JD.com, Vipshop, ASOS, H&M, Next, Zalando, Jumia, MercadoLibre, and Rakuten.
Table of Contents
Mergers and acquisitions
Our thematic research methodology
GlobalData is a leading provider of data, analytics, and insights on the world’s largest industries. In an increasingly fast-moving, complex, and uncertain world, it has never been harder for organizations and decision makers to predict and navigate the future. This is why GlobalData’s mission is to help our clients to decode the future and profit from faster, more informed decisions. As a leading information services company, thousands of clients rely on GlobalData for trusted, timely, and actionable intelligence. Our solutions are designed to provide a daily edge to professionals within corporations, financial institutions, professional services, and government agencies.
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