According to different observers, e-commerce sales grew 39-44% last year. Others foresee a further decline from this year’s first quarter as more brick-and-mortar retail establishments reopen from the post-pandemic lockdowns and restricted operations, and people seek ways of entertaining themselves by leaving their homes.
Globally, e-commerce sales are forecast by CBRE to rise by $1.5 trillion during the 2020-2025 time period, requiring an additional 1.5 billion sq. ft. of warehouse/distribution space to accommodate this growth. The U.S. and Mainland China are the biggest e-commerce markets, accounting for 57% of global Internet sales.