Amazon’s Jeff Bezos has seen his fortune increase by nearly $24 billion since the pandemic set in. Not only revenue but the spike in ecommerce penetration is also evident. UBS estimates that penetration rates of ecommerce will increase from 15% in 2020 to 25% by 2025. That’s a whopping 67% surge in five years. Ecommerce is being widely adopted by buyers.

The reason?

Apparently, the pandemic is changing buyer behavior. It has forced buyers to change their buying habits and shift from brick-and-mortar stores to the web.

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The impact of COVID-19 on ecommerce is not lost on developers and vendors. They are reacting proactively to the changing needs and aspirations of their new-found audience.

Are you behind the curve?

Don’t worry. I have you covered. In this post, I’ll discuss the top five trends that the ecommerce industry will witness in 2020.

Let’s Get started🚀
How is Ecommerce Expected to Change in 2020?
Cashless payment modes, flexible refund policies, and great customer experience are ecommerce trends of the past. In 2020, ecommerce will leverage technology, social media, and corporate social responsibility (CSR) to get a competitive edge.

1. Google Will Be the New Marketplace
Do you know that 63% of all shopping starts online?

Out of this, Google searches account for 87.35% of search queries. This means that if your ecommerce site is not visible to Google, you can’t really hope to attract shoppers.

For More information visit this: https://magecomp.com/blog/most-popul...-need-to-know/

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