7 channels grew 31.3% over November 2019, according to Digital Commerce 360
8
9
Online sales will account for 21.0% of total retail sales in 2020, up from 15.8% in 2019 and 14.3% in 2018
10
Digital Commerce 360 estimates that e-commerce sales will reach $839.02 billion by the end of 2020 representing a 40.3% growth from 2019.
11 This number represents the highest annual U.S. e-commerce growth in at least two decades.
12
Additionally, growth in e-commerce accelerated by two years,
13 thus if it were not for the pandemic, the nearly $840 billion in online retail sales in 2020 would not have been reached until 2022.
14 Accordingly, U.S. retailers had a COVID-19-related $152 billion boost in e-commerce sales in 2020.
15
According to data published by the U.S. Commerce Department, during Q3 of 2020 from July to September, consumers spent $199.44 billion online with U.S. retailers, up 37.1% from $145.47 billion for the same quarter the prior year.
USDA restricts PACA violators in California, Florida, New York and Texas
The U.S. Department of Agriculture has imposed sanctions on five produce businesses for failing to meet contractual obligations to the sellers of produce they purchased and failing to pay reparation awards issued under the Perishable Agricultural Commodities Act. These sanctions include suspending the businesses’ PACA licenses and barring the principal operators of the businesses from engaging in PACA-licensed business or other activities without approval from USDA.
The following businesses and individuals are currently restricted from operating in the produce industry:
Jind Produce Inc., operating out of Los Angeles, Calif., for failing to pay a $37,437 award in favor of a California seller. As of the issuance date of the reparation order, Bhagatveer Singh and Akwant Kaur were listed as the officers, directors and/or major stockholders of the business.
USDA sanctions five companies for violating PACA agweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agweb.com Daily Mail and Mail on Sunday newspapers.