Online shopping statistics at 2020 in Caribbean

Carribean islands are famous for diving, sand beaches, sightseeing and of course shopping. For many years the Caribbean was considered a shopping hot spot for bargains on imported luxury goods. This may still be true to some extent, new global alliances and trade agreements have slowly changed the face of commerce in the region.

E-commerce is a booming sector all over the world. The reason behind this is simple – convenience, affordability, and simplicity of resource availability and purchase. According to various researches, the young generation increasingly prefers to conduct online purchases. Small businesses looking to expand its established customer base could benefit greatly from online platforms using potential customers.

The Caribbean’s Digital Potential

As of January 2020, the various studies point out that the internet users in the Caribbean region are increasing day by day. Caribbean nations are slowly getting more attracted to e-commerce based on tourism, hotels, lifestyle, and fashion. It can also attract foreign customers which results in the growth of the country’s economy. 2020 is the correct time for Caribbean business owners to start or convert their business online because their competitor is also well known with global trends. E-commerce world itself is changing drastically day by day, it’s getting fresh in terms of automation, products, even the delivery system.

With the new wave of the digital revolution, there are plenty of opportunities for Caribbeans, to step in the market and make a mark. Gone are the days when social media was just a game. Now the people of the Caribbean are realizing that we are in the tail of the digital revolution and it’s the best time to jump in and make some moves before they are left behind.

The Caribbean’s Online Shopping

Recent studies and statistics show that Women are more engaged in online shopping that’s the main reason fashion sector in Caribbean region is becoming a trendsetter. Online shopping is growing so fast that the global online shopping market size is predicted to hit 4 trillion in 2020.

The coming years,we will witness a tremendous increase in the Online shopping sector with most modern trends like Automation, chatbots, Voice search, Augmented Reality, and even drone shipping to doorsteps. So this is the best time to be a part of this trend, those who are not yet will be left behind.