Bank of America says the global e-commerce sector is "a top secular growth story" for years to come as more people shop online amid COVID-19.
The overall e-commerce market worldwide will grow 24% this year, reaching a total sales of $3.7 trillion globally, according to Bank of America estimates.The coronavirus pandemic has accelerated the shift to online shopping, and Bank of America says that trend makes the global e-commerce sector "a top secular growth story" for years to come.
"We continue to view global eCommerce penetration as a strong long-term secular growth theme...While industry growth should slow in [the first half of 2021], we believe COVID-19 will result in long-term shopping habit changes for many consumers and better service levels from sellers, leading to an accelerated Online shift in historically underpenetrated categories like Grocery, Food Delivery, and Health & Personal Care," Bank of America analysts wrote in the note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the Amex Centurion Lounge at JFK Airport; tour, photos, details - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. EndSARS EndBadGovernmentinNIGERIA EndPoliceBrutalityinNigeria 🔥 Check It Out 🔥 Fantastic very clean and elegant
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy, small companies with high upside from RBC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. 🔥 Check It Out 🔥
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy: 6 financial-sector choices for economic recovery - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Bank of America is offering short-term small-dollar loans for select clients - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market analysis: 5 forces that will shape US demand in 2021, GS says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials. Future of Education 👩💻❤👩🎓 Marketplace for online microcredentials OpenLearning to solve a skills shortage
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market crash: 3 'nonsensical narratives' making equities dangerous - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. good It WILL be an epic crash, not IF, just WHEN! WileGenius
Source: BusinessInsider - 🏆 729. / 51 Read more »