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09-06-2021

E-commerce - the Lifes saving rope of the Covid period for retailers

Mastercard's most recent Recovery Insights report said that online retail spending around the world in 2020 has increased by about $900 billion. According to Mastercard's most recent Recovery Insights report, online retail spending around the world in 2020 has increased by about $900 billion. In other words, in 2020, for every $5 spent on retail, e-commerce accounts for about $1, up from 1/7 in 2019. The Covid-19 pandemic has forced consumers around the world to stay home, almost everything from vegetables to gardening items, to online shopping. And therefore, for retail stores, restaurants and businesses, big or small, the ability to sell online has...