The Fastest Growing and Declining segments of e-commerce The COVID-19 pandemic has a major effect on every aspect of life including how people shop for their necessities, and not-so-needs. The e-commerce industry has already boomed, with online retail sales predicted to reach an eye-watering $6.5 trillion by 2023.
But since the outbreak online shopping has been catapulted into complete overdrive. All the world's biggest retailers are struggling to keep up with overwhelming demand from consumers — but what exactly do customers buy?
Retail analytics firm Stackline analyzed U.S .- wide ecommerce transactions to answer this demand and compiled a list of fastest-growing and decreasing ecommerce segments (March 2020 vs. March 2019) with unexpected results.
infographic by: www.visualcapitalist.com