Meeker’s Report: Online Shopping Growth will Continue

online shopping

Mary Meeker’s Influential Report

Despite the doom and gloom in this year’s report, some business should be optimistic. Meeker highlighted opportunities for online shopping companies.

Highlights:

  • Online retail sales were less than 2% in 2000 but are now more than 10% of total retail sales.
  • Millennials represent 27% of US population and their spending power is expected to rise significantly over the next 10-20 years.
  • The Internet is the driving force behind new product launches.

Meeker said the slowdown creates opportunities for companies that create efficiency, add jobs, lower prices and innovate.

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