The pandemic, followed by Russia’s invasion of Ukraine, are brutal reminders of how quickly the world can change. It also underlines how important it is to have an up-to-date analysis of world affiars – which you must be prepared to constantly reexamine.
“In short, the pandemic has been like a doping agent for e-commerce and we currently see no signs of a slowdown. At the same time, we naturally need to take into account how other factors can quickly change in the wake of the dramatic global situation, such as uncertainty about interest rates and increased inflationary pressure,” says Gustaf Johansson.
The situation in Ukraine is yet to leave any mark on digital sales. When Gustaf compares Alligo’s e-commerce in 2021 with the beginning of 2022, it has increased by 25 percent. This can be put in relation to e-commerce in the Nordics, which last year increased by 20 percent. The construction trade has increased by 15 percent.
“This clearly shows the speed at which we are moving forward. Our main competitors are not keeping up, which means that we are taking market share and in the long run we will catch up with them – if we manage to keep the same speed.”
If you look beyond the Nordics, the shift is even clearer. In Latin America, during the same period e-commerce increased by almost 40 percent.
The Nordics and western Europe are relatively mature markets for e-commerce, but the increase is still remarkable.
Within Europe, Sweden is at the top of the e-commerce league, followed by the United Kingdom and Finland. 7.6 million Swedes – approximately three out of four – have shopped online at some point.
In many respects, online consumption patterns follow traditional consumption patterns. Once we find a store and feel satisfied with the service and the purchase, the likelihood that we will return the next time we purchase a similar product or service is high.