eCommerce on fire!
By: Hunter Hartman
Recently, Shopify filed an IPO for in the US and Canada. They're hoping to raise $100 million dollars and the valuation is expected to come at $1 BILLION dollars. If you'er around eCommerce you're very familiar with Shopify as they are one of the leaders in the shopping cart market. The reason I have found my customers use Shopify is it is very easy to set up a nice shopping cart with limited experience in coding. As of late March 2015, there are 162,261 customers currently using Shopify's platform. Think about how that for a minute! As the baby boomers continue to age out of the market and the younger generations get into the work force, we're going to have more and more business happening online.
This is going to create new opportunities as the market changes. Where will Brick and Mortar stores be in 5 years or 15 years? Is it possible they turn into fulfillment centers for bigger retailers for same day or two hour delivery? Imagine that. What if there was a UPS/FedEx or USPS truck sitting at your local mall and when you ordered something online it was taken to the local truck and delivered to your house with 2 hours?
eCommerce is going to continue to change the market of shopping online and in retail and seeing Shopify expected to be valued at $1 Billion dollar shows there is a ton of opportunity in the space.
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Hunter Hartman is a shipping consultant in the eCommerce world. He blogs about the changing landscape of shipping.