Member Brief: The Second eCommerce Wave

It’s going to be another autumn season of heightened eCommerce activity. If you follow technology press, the punditry would suggest otherwise. In a recent Op-Ed for Bloomberg, Tae Kim writes: “Amazon may be facing headwinds from a slowdown in the entire e-commerce category, which faces tough comparisons from the peak pandemic months last year.” The well-written piece highlights the “post-pandemic blues” by including rapidly declining eCommerce numbers. According to Kim, Bank of America’s aggregated card spend data shows a March to May crash in year-over-year online retail growth from 60% to 1%. But this doesn’t nearly tell the whole story. This slowing growth in eCommerce is temporary.

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