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NRF’s Big Show is in full-swing in New York and speakers are sharing insights into the emerging online retail powerhouses around the world. Zia Daniell Wigder of Forrester Research shared that global online retail hasn’t remotely reached its full potential. Over the next three years Forrester expects online retail sales to grow at a compound annual growth rate (CAGR) of 18% in Brazil, 20% in Mexico, 22% in China and 53% in India. In comparison, the growth rates for the U.S. and Western Europe are 9% and 10%, respectively.
According to Wigder, in both China and Brazil:
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