COVID-19 Cross-Border Ecommerce Trading Implications: Insights so far and future outlook
Global-e’s second report explores the cross-border ecommerce trading implications of COVID-19 into June, as physical stores begin to reopen in many places. Global-e’s data is based on the trading of 350 merchants, displayed YoY by month to take into account seasonality. The findings show a strong trend of growth in discretionary cross-border ecommerce trading since April, including increases in luxury ecommerce. While physical retail continues to decline, the increase in ecommerce retails suggests that consumer habits have made a long-term shift towards online shopping, with shoppers also diverting spending from leisure and travel.