E-Commerce - over $1 Trillion Dollars
Gas prices are at an all time high!
So much so, that rather than fill up when they need to,
incidents of people running out of gas WHILE DRIVING are up 400%.
Food prices are climbing drastically.
The February 20, 2008 INFLATION RATE = 4.3%
Restaurants are altering their menus to stay profitable.
Grocery stores are having to scale back on variety because
people aren’t buying as much.
On January 23, 2008, the Department of Health and Human Services,
published its annual update of the Poverty Guidelines.
For a family household of 4, the poverty level is $22,200.
35 years ago, you could buy a NEW house for that much.
The U.S. Department of Labor says that over 80,000 Americans
have lost jobs so far THIS YEAR.
It’s not confined to any particular industry -
cutbacks are happening across the board.
Bankruptcy filings are up 50% this year.
Foreclosures were up 75% in 2007.
If the 47,171 foreclosures in the 1st quarter continue
at the same rate, that would be 188,684 in 2008 or 2.9%
of the total.
This is not insignificant!
On the bright side…
The gigantic and well respected Forrester Research says that:
“E-Commerce is projected to continue its double-digit,
year over year growth rate in 2008 and beyond.”
What are the ACTUAL numbers there?
How much are consumers REALLY going to be spending online
in the near future?
2008: $204 Billion
2009: $235 Billion
2010: $267 Billion
2011: $301 Billion
2012: $334 Billion
Add that up. In the next 4 years, over $1 TRILLION dollars
are going to be spent online by consumers.
- And that’s over $130 Billion in GROWTH.
Get your slice of the e-Commerce pie.
TAGS:
Bankruptcy, Department of Health and Human Services, E Commerce, Foreclosures, Forrester Research, poverty, U.S. Department of Labor
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