The Future of Shopping is Upon Us!
I’ve a thing for following news worldwide in hopes of capturing trickles of data worth more than Gold. Today, I caught one VERY big information that finally settles where the new trend is going : ONLINE. Well, in the USA anyway. That’s why I see such tremendous opportunities here in the Philippines — a labour force with tremendous talents, ok infrastructure and facilities and a market (though limited) ready to jump into the newest things. Ahhh, you gotta love globalization!
Yes, the Philippines still has a lot to do to catch up, and the amazing thing is that the entrepreneurs are SUPPOSED to do it (hallelujah for Capitalism!) Unfortunately, it’s our age-old aversion to risk and, frankly speaking, our islander mentality that’s holding the Pinoys back. I’ve noticed through my travels and travails that the Philippines IS insulated in terms of our market and our culture. After all, there are only two nations in the world that are archepelagos: The PH and Indonesia, and the system we’re using ain’t exactly optimal since we’ve pretty much copied the mainlander’s system.
Anyway, here’s a snipet of the article from businessweek.com:
“…Senior Retail Analyst Kimberly Greenberger says she expects a strong online shopping season, given what Web shoppers have seen so far. “It looks like more and more consumers are migrating to online purchases,” says Greenberger. “We suspect that the numbers are going to get even stronger as we progress through the holiday season.”
Greenberger believes online shopping will do well, regardless of any weakness seen at some of the brick-and-mortar stores, because shoppers are shifting more of their purchases from mall stores to Web sites. It’s a trend bolstered both by the increased convenience of shopping online, thanks to comparison sites and better-designed store Web pages, as well as the breadth of products available online…”1
1http://www.businessweek.com/technology/content/nov2006/tc20061128_710744.htm?chan=technology_technology+index+page_today%27s+top+stories
