2020 has been a notable year for e-commerce. Many online retailers benefited as brick-and-mortar stores went into shutdown early in the COVID-19 pandemic.
The result was an acceleration in e-commerce sales growth, and record penetration rates.
The Data Story for Amazon and E-Commerce
Even giants like Amazon (AMZN), which generates $500 Billion in total GMV, have seen strong growth despite their size. The have grown their logistics and fulfillment square footage by 50 percent in 2020!
It may feel like e-commerce has already taken over the world, yet it continues to make up just 20-30 percent of total U.S. retail sales. The story continues to unfold and many companies are firing on all cylinders, including Amazon.
This past quarter, eBay (EBAY) announced a handful of tools for sellers and buyers and experienced record growth adding more GMV in 2020 than the past 7 years combined.
On the other hand, brick and mortar giants like Walmart are leveraging their existing widespread infrastructure to pave the way for future growth.
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