According to an evaluation by data and analytics firm GlobalData, Hong Kong’s e-commerce market is about to develop at a compound annual development rate of 9.9% from 2019 to 2024. If shopper spending doesn’t change and the shift from in-store to online spending continues, it’s attainable to reach HK$226 billion (or US$29 billion) by 2024. The influence of the pandemic was felt instantly on the front- and back-end of e-commerce businesses, with logistics (86%) suffering the most because of lockdowns and border closures. Other areas that were affected have been gross sales (52%), customer relationships (48%), and cashflow (43%). FedEx… Read More