Pandemic Accelerated Uk’s Shift Online, Says Ofcom
A recent study by Italian commerce association for luxurious manufacturers Altagamma, in association with Boston Consulting Group, predicted that the global luxurious sales could scale down by US$33 to US$44 billion. Online grocery shopping is the fastest-growing slice of the pie, with Alibaba-backed RedMart dominating the scene and NTUC FairPrice continuing to invest in online platforms. COVID-19 has similarly revealed the potential – and the boundaries – of Singapore’s online shopping sector. A NielsenIQ survey found that transactions from the annual purchasing fiesta, staged by varied e-commerce platforms, amounted to Rp 18.1 trillion (US$1.27 billion) this 12 months, up 56…