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China tops the list of e-commerce sales with 45.3% online retail

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China topped the list, with 45.3% of retail sales taking place online. It was followed by the UK with a 35.9% share and South Korea with a 30.1% share. In addition to topping this list, China also has the largest e-commerce market in the world, having made $2.879 trillion this year. It is followed by the US with $1.050 trillion. This only makes up 15% of total retail sales, as US shoppers are quite reluctant to shift to online shopping.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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