Business

E-commerce explosion has companies making big expansion plans

You’ve no doubt bought something online in the last year, and perhaps it’s a regular habit for you. It is for many of us, as more than 80% of Americans shop online. That trend had been growing steadily through 2019, but eCommerce got a massive boost when covid came along and kept us all at home for long periods. As the pandemic wore on, we just shopped and shopped and shopped online, to the point that eCommerce sales were 50% higher in 2021 than they were in 2019. In 2022, U.S. E-commerce sales topped $1 trillion for the first time, and this year 1 in 5 retail purchases in the world is made online. It’s been an eCommerce explosion.
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