Beyond Currency

12 July 2021 - Bailey sees online retails as the way forward


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"During the Pandemic, the UK saw a rise of 10% in online shopping. The previous 10% took seven years!
While that is one of the more obvious statistics you will read about the outcome of Covid-19, the question is, how quickly will the next 10% rise be seen, and how will that change the makeup of one of the most fundamental parts of life.
Meeting for a coffee then a mooch around the shops will be a thing of the past. We have seen that shopping for groceries is now done online by 29% of the population. And it is unlikely that the online juggernaut can be stopped.
The sea change in retail behaviour has already seen in several high street staples. It is likely that the major retail entrepreneurs are already hard at work deciding what their business will look like in 5-7 years.
They will no doubt get it right, as they will certainly decide how our retail habits develop. However, there is a whole class of retail outlet which cannot serve its clients online. The aforementioned coffee shop will suffer, as will many independent food and related outlets."
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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