The pandemic-driven two-year ecommerce boom of 2020 is set to decelerate considerably this year. Brick-and-mortar retail, meanwhile, returned with a vengeance last year and is in better shape than expected going into 2022.
The pandemic was disastrous for many retailers; we estimate that total retail sales worldwide plunged 2.8% in 2020. Though, while many physical stores were shuttered, digital retail sales soared by over 25% in a single year.
The global chip shortage has further fueled demand for its inventory of used cars. It’s this little surprise that Carvana will corner 22.2% of the US auto and parts ecommerce market this year. More like this:. Report: GlobalEcommerceForecast 2022. Article: Carvana now among top 10 US retailers by ecommerce sales. Article: VW in talks to buy Huawei’s autonomous vehicle unit.