Tuesday, August 11, 2020

 
Global Ecommerce Sales Will Decelerate This Year
 

Ecommerce has been a bright spot among retail channels during the coronavirus, as consumers became reliant on digital transactions amid physical store closures and fear of infection. However, the impact on ecommerce retail spending has not been felt evenly across the world.

Asia-Pacific and North America have led the regional totals for both brick-and-mortar and ecommerce sales, followed by Western Europe. Due in part to China's dominance, Asia-Pacific has gained a significant lead in ecommerce with 62.6% share, over North America and Western Europe, who are expected to have shares of 19.1% and 12.7%, respectively.

While some regions experienced tremendous growth in certain sectors of retail, we have adjusted our ecommerce estimates down to $3.914 trillion, as the deceleration of global retail in 2020 has surely impacted overall global retail sales.

Read the full article.

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The Pandemic Has Driven Boomers to Increase Their Digital Shopping
 

As the pandemic caused widespread shutdowns, consumers who traditionally preferred brick-and-mortar retail shifted at least some of their spending to digital channels. Full Article

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How Digital Giants in China Are Helping Revive the Country's Retail Sector
 

China’s retail sector has been on a steady path to recovery over the past few months. According to June data from the National Bureau of Statistics (NBS) in China, retail sales experienced a year-over-year drop of 1.8%, reaching $485.30 billion (RMB3.353 trillion). That was an increase of 1 percentage point over the prior month. Full Article

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Meatless Farm on the Future of Plant-Based Food and the Shift to Ecommerce
 

After launching in roughly 450 US Whole Foods locations—and partnering with New York City-based Italian restaurant Pomodoro Rosso last year—plant-based meat company Meatless Farm launched its own direct-to-consumer (D2C) site amid the pandemic, as consumer shopping behaviors continue to lean to ecommerce. Full Article

What Digital Shopping Habits in the UK May Look Like Post-Pandemic
 

UK consumers’ shopping habits have undergone a change that is unlikely to be reversed. According to our latest forecast, nonecommerce retail sales will drop by 16.0% this year, followed by a recovery in 2021. However, sales will never reach pre-pandemic levels. Full Article

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