The suffusion of technology in everyday life is transforming human preferences; the most visible change is the shifting shopping patterns of individuals from conventional brick and mortar stores to online mediums. There is no doubt that the new trend is gaining popularity among the masses; especially in young generation. Several people deem that in the near future online shopping will supplant all other modes of shopping, resulting, in a worldwide closure of malls and shopping centres. As per my standpoint, the volume of the online trade will definitely increase many folds due to its convenience, but the notion of its complete capturing of the market transactions is preposterous.
The primary reason that e-commerce cannot replace the local stores is the fact that these websites cannot provide physical verification of products before purchase. Evidently, a myriad of people still feels hesitant to buy goods, in particular expensive items, from online platforms. For instance, in many cases it has been observed that people do not get the same product as promised by the website, therefore, dwindle its credibility among customers.
Furthermore, payment against online purchases are mostly made through debit, credit cards or other electronic methods, which are prone to cyber attacks from hackers. The danger of losing private information and financial loss is the prominent risk associated with the online purchases. In addition, criminals use different tactics to obtain personal information about customers such as creating fake websites on which huge discounts are offered to bait customers. For this reason, a plethora of people still prefer cash transactions and avoid online shopping as much as possible.
Taking everything into account, there is no doubt that the scale of online shopping will increase over the course of time and it will open new vistas for business to promote their products. However, factors attached to online shopping such as unable to verify the products physically, counterfeit products are sold as original and potential risk of cybercrime impedes its complete dominance, henceforth, still make shopping centres, malls and stores an important place of attraction for customers.
The suffusion of technology in everyday life is transforming human preferences; the most visible
change
is the shifting
shopping
patterns of individuals from conventional brick and mortar stores to
online
mediums. There is no doubt that the new trend is gaining popularity among the masses;
especially
in young generation. Several
people
deem that in the near future
online
shopping
will supplant all other modes of
shopping
, resulting, in a worldwide closure of malls and
shopping
centres
. As per my standpoint, the volume of the
online
trade will definitely increase
many
folds due to its convenience,
but
the notion of its complete capturing of the market transactions is preposterous.
The primary reason that e-commerce cannot replace the local stores is the fact that these websites cannot provide physical verification of
products
before
purchase
.
Evidently
, a myriad of
people
still
feels hesitant to
buy
goods
,
in particular
expensive items, from
online
platforms.
For instance
, in
many
cases it has
been observed
that
people
do not
get
the same
product
as promised by the website,
therefore
, dwindle its credibility among customers.
Furthermore
, payment against
online
purchases
are
mostly
made through debit, credit cards or other electronic methods, which are prone to
cyber attacks
from hackers. The
danger
of losing private information and financial loss is the prominent
risk
associated with the
online
purchases
.
In addition
, criminals
use
different
tactics to obtain personal information about customers such as creating fake websites on which huge discounts
are offered
to bait customers.
For this reason
, a plethora of
people
still
prefer cash transactions and avoid
online
shopping
as much as possible.
Taking everything into account, there is no doubt that the scale of
online
shopping
will increase over the course of time and it will open new vistas for business to promote their
products
.
However
, factors attached to
online
shopping
such as unable to verify the
products
physically
, counterfeit
products
are sold
as original and potential
risk
of cybercrime impedes its complete dominance, henceforth,
still
make
shopping
centres
, malls and stores an
important
place of attraction for customers.