Report: Online retail is front and centre in the quest for growth
The Global Retail E-Commerce Index™ ranks the top 30 countries for their e-commerce potential, based on several variables that rate both a country's current market and its potential for growth. China occupies the top position, with an online retail market of $64 billion, believed to expand to $271 billion over the next 5 years. Globally over the past 5 years, online retail has grown at a 17% CAGR, with growth particularly strong in Latin America (27%) and Asia Pacific (25%).
The 3 main capabilities, internet accessibility, logistical infrastructure and financial systems, determine the growth opportunity for retail e-commerce markets (News Release A.T. Kearney, 18 November 2013).
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