The Coronavirus’ Effect on the E-Commerce & Internet Business, Business and Industry Trends Analysis

The Coronavirus pandemic has accelerated ecommerce and internet usage exponentially.  A 2020 McKinsey & Co. survey found that the adoption rate of ecommerce habits that was previously expected to occur over the next 10 years collapsed into a period of three months. The Coronavirus gave an immense growth spurt to ecommerce on a worldwide basis.  Analysts at eMarketer estimated worldwide ecommerce sales of $4.206 trillion in 2020, up from $3.535 trillion in 2019 and $2.928 trillion in 2018.  (These revenues include products or services ordered using the internet, regardless of the method of payment or fulfillment, but exclude travel, event…

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