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E-commerce proved to be a lifeline for retailers in 2020


Apr 15, 2021
As Covid-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online – leading to an additional $900-billion being spent in retail online around the world in 2020.
Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019, according to Mastercard’s latest Recovery Insights report.
For retailers, restaurants and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted.
Roughly 20% to 30% of the Covid-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymized and aggregated sales activity in the Mastercard network and proprietary analysis by the Mastercard Economics Institute. The analysis dives into what this means by country and by s ....

South Africa , United Kingdom , South African , Bricklin Dwyer , Mastercard Economics Institute , Recovery Insights , Mastercard Economics , ஒன்றுபட்டது கிஂக்டம் , மாஸ்டர்கார்டு பொருளாதாரம் நிறுவனம் , மீட்பு நுண்ணறிவு , மாஸ்டர்கார்டு பொருளாதாரம் ,

E-commerce a COVID-19 lifeline for retailers: Mastercard report


 15 Apr 2021 - 11:01
The Peninsula
As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online.
According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900bn being spent in retail online around the world in 2020.
Put another way: in 2020, e-commerce made up roughly $1 out of every $5 spent on retail, up from about $1 out of every $7 spent in 2019. For retailers, restaurants and other businesses large and small, being able to sell online provided a much-needed lifeline as in-person consumer spending was disrupted.
Roughly 20-30 percent of the Covid-related shift to digital globally is expected to be permanent, according to Mastercard’s Recovery Insights: Commerce E-volution. The report draws on anonymized and aggregated sales activity in the Mastercard network and proprietary analysis by the Mastercard Economics Institute. ....

Saudi Arabia , United Kingdom , Bricklin Dwyer , Mastercard Economics Institute , Global International , Recovery Insights , Mastercard Economics , E Commerce , Covid 19 , சவுதி அரேபியா , ஒன்றுபட்டது கிஂக்டம் , மாஸ்டர்கார்டு பொருளாதாரம் நிறுவனம் , உலகளாவிய சர்வதேச , மீட்பு நுண்ணறிவு , மாஸ்டர்கார்டு பொருளாதாரம் , ஏ வர்த்தகம் ,