US e-commerce Takes a Tumble

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E-commerce darling, Shopfiy, recently laid off 10% of its workforce after making a bet on e-commerce growth during the pandemic.

However, based upon recent US Census Bureau statistics, e-commerce adoption has taken a tumble this year as the world faces an economic downturn.

Lessons we can take from this:

  • Expand into international markets, so you don’t rely upon one market only
  • Have a backup plan for down markets

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  • Amazon Selling
  • Building Your Own Brand
  • Growing E-Commerce Profits
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  • What’s Working, What’s No

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