Euromonitor International is pleased to present at Forum E-Commerce Brasil which took place on August 14 and 15 in São Paulo, Brazil. Our presentation “New Concepts in Digital Retailing” highlighted the newest and most innovative concepts in digital retailing in Latin America and around the world.
Many of the major economies in Latin America experienced significant uncertainty over the last five years, with major recessions in Brazil, Venezuela and Argentina. The crises of recent years often hamstrung consumer budgets. As economic conditions improve in some markets, purchases will be decreasingly influenced by price and increasingly influenced by other factors.
One factor that is dramatically influencing the retail landscape in Latin America is its increasing access to technology. While e-commerce sales as a share of total retail and per capita sales in Latin America remain well below rates seen in developed regions, online engagement and activity have become very relevant in the region. In fact, Latin American consumers are some of the most likely to engage with social media and frequently use the internet for a multitude of tasks. In addition, results from Euromonitor International’s Lifestyle Survey in Latin America supports the claim that many in-person purchases are at least partially influenced by online activities. Consumers increasingly discover new products, look for product information, compare prices and read reviews online before heading to stores to make their purchase.
BY :Amanda bourlier