As 2017 unfolds, many innovations will empower ecommerce businesses to improve their profitability.In a competitive business environment, where growth is essential for survival, knowing about the ongoing innovations and implementing them is important.
Being the enablers of ecommerce, we decided to jot down few innovations that entrepreneurs can use to keep running their ecommerce business sustainably. Without further ado, here is our forecast of upcoming trends and innovations in ecommerce ecosystem for 2017.
Grab and Go Stores – The case of Amazon Go
Over the years, Amazon has evolved and has expanded its business in different verticals with many innovations.To name a few, Echo, Prime, drone delivery, etc.
Amazon Go is the most recent innovation (currently in testing) by the ecommerce giant. The Amazon Go is introduced to address several key challenges such as:
- Poor buying experience
- Losses incurred due to high product return rate
- Delayed product deliveries
- Excessive cost related to travel and logistics, etc.
Brick and mortar store owners can also use the innovation introduced by Amazon Go along with their current resources and save more through less human effort in store management.