Global retail e-commerce sales will reach $8 trillion by 2026: What awaits brands in 2023?

It is estimated that worldwide retail e-commerce sales will grow to just over $8 trillion by 2026. The expectation for retail e-commerce sales by the end of this year is around $5.7 trillion.

There are only 9 days left before we leave November, which is the busiest period globally for e-commerce. Although November is the time when e-commerce volume reaches the highest levels, in fact, the demand for e-commerce in general has increased recently.

Especially with the digital transformation accelerated by the pandemic, not only e-commerce platforms, but also many retail brands with physical stores started to make a way in this area. In fact, recently, retail brands have been downsizing in their physical stores and investing more in e-commerce infrastructures for online sales.

Source: Webrazzi / Translated by Irem Yildiz

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