"Pandemic pushes U.S. online sales to predicted 2030 level. Online sales from late November to Christmas are expected to generate more than 20% greater outbound volume in the region, with the U.S. alone exporting about 30% more parcels.
The U.S. Department of Commerce reported that second-quarter domestic e-commerce sales grew by almost a third from the previous quarter and 44.5% from the same period a year ago.
eMarketer forecasts U.S. e-commerce sales will jump 36% to $190.5 billion during the holiday season, while brick-and-mortar retail will decline 4.7% to $823 billion. The research firm estimates Cyber Monday sales will increase 38% to $12.9 billion. It expects e-tail to represent 18.8% of total retail sales, up from 15.9% in 2017.
Prior to the pandemic, analysts projected holiday e-commerce sales to increase 13% to $155.5 billion, roughly on par with the compound annual growth of the past three holiday seasons. In a recent report, Berkeley Research Group said it believes digital sales could go even higher, to $200 billion.
The flood of new orders, especially early in the coronavirus crisis when so many stores were closed, impacted express carriers’ delivery times, leading them to eliminate on-time guarantees, implement package surcharges and throttle volume available to some retailers.
The current gap between demand and supply is about 2.6 million packages a day, for a seven-day week, which will rise to 7.2 million during the upcoming peak season, according to data from Pittsburgh-based ShipMatrix." Freightwaves
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By: LFS Marketing
November 11, 2020
