Tag Archives: future business trends

E-Commerce Statistics and Trends 2020 [Infographic]

E-Commerce Statistics and Trends 2020 -Infographic header.

E-Commerce Statistics and Trends 2020 -Infographic header.

E-Commerce Statistics and Trends 2020.  The covid-19 pandemic has massively accelerated the shift to online commerce. Although an increasing number of consumers, and even businesses, were already on the road to digitization, the stay-at-home orders and social distancing regulations forced most people to fast-track those plans.

Indeed, according to a recent report by WebBuilderExpert, the number of unique digital shoppers rose about 40% year-on-year in 2020, with e-commerce sales as a percentage of retail sales in the US jumping to 16%.

Brands that witnessed the most significant growth include eBay, whose revenues rose 25% between July 2019 and July 2020. Amazon, Target, and Walmart also reported substantial increases in revenues.

2020 Trends and Predictions

The WebBuilderExpert report also highlights certain e-commerce trends and patterns that may be of interest to digital-first brands.

For instance, most e-consumers are shopping for digital entertainment devices and services (24%), apparel (15%), and home improvement products (11%). Only about 4% thought about holiday travels.

It also emerges that most people will do most of their shopping online for the foreseeable future. For instance, in the health and beauty category, there are signs 24% more people will buy whatever they need online than in-store during this past holiday season.

Spare a moment to look at the e-Commerce statistics and trends 2020 in the infographic.

15 Ways to Propel Your Business into the Future

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15-Ways-to-Propel-Your-Business-into-the-Future-700
Propel your business into the future. No matter what your business is, time doesn’t wait for you to keep up. Innovations in marketing, customer service, finance, and day to day operation of your business come quickly. Therefore if you don’t keep up you might easily end up left behind by the competition.

With that in mind, it’s important to keep innovating and looking for ways you can ensure that your business is as prepared as it can be for the future. Thankfully, preparing for the future doesn’t have to be intimidating. For example, here are 15 steps you can take now that will help ensure that your business is ready for whatever lies ahead.

What to do to Propel your Business into the Future

One important thing to consider is that being eco-friendly is only going to become more important. A lot of customers want businesses to use biodegradable packaging. Going paperless or offering work-from-home flexibility can help the environment and make employees’ lives easier.

It’s also crucial to keep an eye on big cultural trends. Whether it’s an increased focus on mindfulness and wellness or giving employees plenty of chances to advance their careers within the company, keeping up with changes to workplace culture can go a long way toward helping your employees be happy and productive.

Thanks to our friends at Fundera for this illuminating infographic.