Saturday, May 18, 2024
Global e-commerce forecasted to double in next five years

Global e-commerce forecasted to double in next five years

Global e-commerce is forecasted to increase 19 per cent per year over the next five years, from $1.9 trillion in 2016 to $4.5 trillion in 2021, according to the annual E-Commerce Revolution Report released today by Air Cargo Management Group (ACMG).

The air cargo and freighter aircraft consultancy’s senior director, Alan Hedge says: “E-commerce has disrupted retail and is now revolutionising logistics.

“This, our second annual report, builds on the strengths of the first and covers new territory by offering descriptions of additional e-commerce companies and additional discussion of fulfillment networks in China, the largest e-commerce market on the planet.”

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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