Online Shopping Has Skyrocketed During COVID-19

Online shopping experienced a 20 percent growth in 2020. This explosive trend was brought on by the COVID-19 pandemic where many physical retail locations were forced to close. Mastercard CEO Michael Miebach predicts that even after it's safe to visit public spacse, physical retail traffic will still be at a lower number compared to pre-covid statistics,. "Years of digital acceleration have been kind of compressed into months," Miebach said.Due to lockdowns, consumers have adapted and adopted a ...