A quantum leap for e-commerce - Axios
The pandemic and lockdown significantly accelerated the rise of online commerce, compressing years of projected growth into a few months.
The big picture: Stuck at home for weeks on end, we turned to the internet and delivery to meet our consumer needs. That's been a boon for many tech companies, but it's not yet clear whether consumers will return to the real world once the pandemic ends.
By the numbers: Data released this week by the U.S. Census Bureau indicated that U.S. e-commerce retail sales for the second quarter of 2020 rose to $211.5 billion, up 31.8% from the first quarter and 44.5% from the same period last year.
