In the wake of the coronavirus pandemic, consumption shifted to an online-based model more than ever before, as e-commerce made shopping safe and its whole concept perfectly complied with a range of COVID-related restrictions. According to the United Nations Conference on Trade and Development data centre, the share of the US e-commerce spiked to 16.1 percent between the first and second quarter of 2020. Similar changes are also observed for China, where the share of online retail in total accumulated retail sales between January and August 2020 reached 24.6 percent, up from 19.4 percent in August 2019 and 17.3 percent in August 2018.Online sales killing it.
Sputnik International
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