Industry Analysis & Industry Trends
With rising pet ownership among US households and more owners humanizing their pets, online pet food and supply stores have fared well over the five years to 2014. Increasing popularity of premium pet food supplies have also fueled industry growth over the period; since premium goods are typically priced higher, they provide a good source of revenue for players. Nevertheless, increasing competition will likely constrain profit margins.... purchase to read more
Industry Report - Starting a New Business Chapter
Entry into the online pet food and pet supplies market is relatively easy, though barriers to entry are anticipated to increase. Currently, the industry is growing; the number of businesses, employees and wages are all on the rise, in line with increasing revenue. The capital required to start an online pet supplies company remains limited to internet technology infrastructure and the procurement of inventory, which pose as minimal barriers to even marginally capitalized start-ups.
Increasing barriers to entry stem from the rapid rate of technological change and potential increases in federal regulation in regard to the shipment of certain chemicals. First, e-commerce operates in the high-tech world of computer-based platforms and online systems... purchase to read more