E-commerce is on the rise, or maybe you’ve heard?
Of course you have, but the actual numbers are staggering, to say the least.
According to a Digital Commerce 360 analysis of U.S. Department of Commerce figures released in February, e-commerce sales in the fourth quarter of 2022 (Q422) grew 6.2 percent to the highest level in history: $299.12 billion compared with $281.58 billion in Q4 2021. Q422 sales also marked another milestone: 2022 was the first time annual e-commerce revenue exceeded $1 trillion.
