2022 was a big year for e-commerce! Here are the top three trends:
- Increased competition in the e-commerce landscape: By the end of the year, e-commerce will account for 20.4% of global retail sales.
- E-commerce businesses expanded beyond the United States: 76% of online shoppers have bought items online from other countries.
- New financing methods: Rise of revenue-based financing and inventory financing.
E-commerce has grown tremendously while overcoming challenges within the past few years and will continue to present new opportunities for businesses worldwide.