Yuval Ben Nun
Top 3 Challenges E-Commerce Businesses Can Expect in 2021
The e-commerce industry has exponentially growing since past few years and the COVID-19 global pandemic has only served to skyrocket its growth. The latest figures displayed the US ecommerce online sales that generated total $581.5 billion in the first threequarters of 2020 alone. With these astronomical figures, businesses are only motivated further to move towards digitizing their operations. Thee Commerce giant, Amazon has witnessed its sales soaring high last year, encouraging other retailers to pick up the online root. As a result, retail brands like Zara and H&M decided to shut down thousands of their physical stores across the world, in an attempt to refocus their efforts on e-commerce. It is evident that COVID-19 has only increased the pace of eCommerce growth. However, the flip side of that grow this that competition is also growing. To keep up with the competition, businesses need to know what the biggest challenges in eCommerce to thrive while moving forward.
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