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"Online sales on holiday will break a record $ 1.2 trillion" Israel today

2021-10-28T21:08:36.389Z


This is according to estimates by Salesforce • The expected challenge during the shopping holidays: product availability


Salesforce predicts online shopping sales are expected to break a $ 1.2 trillion world record.

Salesforce is the leader in customer relationship management (CRM) in Israel and around the world.

According to data released by the company, online sales worldwide are expected to grow by 7% year-on-year in November-December, after the historic shopping season last year.

The company also expects sales to reach $ 259 billion in the US alone.

According to Salesforce's shopping index findings from the third quarter of this year, it shows that in the third quarter there was an increase in global online shopping revenue of 11% year-on-year compared to the second quarter, where there was only a 3% increase.

Moreover, the report shows that there was a 5% increase in global orders through mobile platforms, compared to 0% in the second quarter.

It also shows that the categories in which the largest increase was evident in the third quarter compared to the second quarter this year were home furniture (59%), bags and suitcases (37%) and luxury bags (30%).

In contrast, the categories with the largest decrease were grooming and hair products with a decrease of 36%, food products with a decrease of 21% and makeup products with a decrease of 19%.

Black Friday celebrations in Israel // Archive photo: Moshe Ben Simhon and Yoni Rickner

This year, product availability will be the main issue in orders.

Bottlenecks in ports and skyrocketing costs of containers are two of the major problems in the upcoming shopping holidays and they can cause problems in product availability.

Overall, Salesforce expects a 94% drop in packages at risk for delays - or 40 million packages worldwide, compared to 700 million last year.

Source: israelhayom

All news articles on 2021-10-28

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