E-Commerce trends entrepreneurs need to know about

The world of e-commerce is always changing. Persistent entrepreneurs are constantly adapting to meeting customers’ current needs and evolving to where the market is going.

89% of Canadians plan to spend more or the same amount on online purchases in the coming year. Shopper frequency continues to climb as 1/3 of Canadian online shoppers are making 25 to over 75 online purchases for delivery annually, Canada Post reported.

Revenue from e-commerce in the United States alone amounted to $431.6 billion U.S dollars in 2020 which was a significant increase from previous years. It only goes up from here, as more businesses including B2B (those serving other businesses) move to or enhance their online experience. The Statista Digital Market Outlook estimates that by 2025, annual revenue will increase to $563.4 billion dollars.

Learn about a few trends you can implement in your e-commerce business here.