You Don't Have to Pick a Winner in E-Commerce. Here's Why.
The e-commerce industry has seen an explosion in popularity over the past decade. Smartphones, a progressively digital world, and more efficient logistic networks have contributed to this growth, and adoption should continue to grow for some time.
While consumer preferences were already favoring e-commerce, the COVID-19 pandemic and ensuing lockdowns added gasoline to the industry's growing fire.
In the U.S. alone, e-commerce revenue jumped from $479 billion in 2019 to $616 billion in 2020. It's expected to break the $1 trillion mark by the end of 2024. Growth has understandably slowed since reopenings have occurred, but it's still headed in the right direction.
Source Fool.com
