One of the major business impacts of the COVID19 pandemic of this year has undoubtedly been the advance of ecommerce. While online shopping had been growing steadily for years, it of course accelerated hugely while physical shops were closed and people were confined to their homes.
Ecommerce already accounted for over 14% of retail purchases coming into 2020, which was predicted to rise to 23% by 2023. However, David McRedmond, CEO of An Post, has stated in recent interviews that, as a result of the COVID19 pandemic, An Post has already seen an acceleration in parcel growth to the levels that had been projected for two years’ time. Some sources predict that up to 95% of all retail purchases will be conducted via ecommerce by 2040.