E-Commerce COVID Stats
Although the trend for E-Commerce purchasing has been on the rise for several years, closures and restrictions brought the need for even necessities to be delivered to your doorstep, to avoid virus contraction as much as possible. Of course, panic buying had a lot to do with the newfound compulsion to shop some of us experienced, specifically, when stocking up on essentials for the first lockdown.
US E-commerce has now seen over 10 years’ worth of growth in three months during the first quarter of 2020 – commonthreadco.com
If you have not heard of retail therapy before, you should now. The human need to be ready for anything unexpected, especially during uncertain times, can lead to a group mindset where everyone begins to replicate the actions of others. So, if someone is stacking up on goods, no one will want to be left behind or feel helpless not having done so later. This frame of mind undoubtedly pushed E-Retail so much that many items ran out of stock, creating a greater supply chain demand.
Leading to soar in online purchasing, E-commerce sales skyrocketed for some particular fields. In March 2021, 78 billion Dollars were spent by Americans on items like toys, furniture, auto parts, etc. with a 49% increase year over year; According to retailtouchpoints.com
Demands grow ever more for augmented contact-less options of purchasing. With the increase in deliveries and curbside pickups, it’s no wonder there is a sudden rise in e-commerce stats.