E-Commerce is Booming in the Post-Covid Economy
Updated: Oct 6, 2020
Monday Morning Wake Up Call
October 5, 2020
Demand for Big-Box Warehouses Soars Under E-Commerce Surge, Report Says
A key measure of demand for big warehouses soared 51% in the first half of 2020 as the pandemic-driven surge in online sales sent companies scrambling for space to store and deliver goods to locked-down consumers.
The rush toward distribution centers was most pronounced at the largest end of the market, real-estate brokerage firm Colliers International Group Inc. said in a report released Thursday, as Amazon. com Inc. and other e-commerce and logistics providers accelerated a push toward sprawling facilities to process, package and ship digital orders.
E-Commerce Surge Draws Investment to Online Retail Logistics Providers
The rush to online shopping is drawing fresh investor attention as the coronavirus pandemic supercharges digital demand.
E-commerce logistics and technology provider ShipBob Inc. raised $68 million to expand its fulfillment network and add business-to-business service shipping palletized goods to retailer distribution centers and stores, the company said Monday.
E-Commerce Sales Will Explode This Holiday Season, Putting Retailers’ Online Strategies To The Test
While we await the National Retail Federation’s holiday retail forecast – which will come any day – Deloitte and Forrester are out with their predictions for holiday 2020 and year-end.
Big Four accounting firm Deloitte has a “glass half full” view, expecting a rise in holiday retail sales between 1% to 1.5%. On the other hand, market research firm Forrester looks and sees the glass half empty, with retail sales declining 2.5% for the full year.
Despite their differing forecasts, both firms are firm about one thing: This will be the year when online shopping explodes.
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