COVID-19 has bought misery to the lives of people but it has changed the online consumer spending habits quite drastically. Since the businesses have shifted towards the online platforms, the Ecommerce industry has bloomed because of it. This means that the delivery services such as UPS and FedEx have benefitted from it as well.
In May, about $82.5 billion in online sales were spent in the US alone, which is nearly over a 78% increase from last year. Since March, when the lockdown was imposed globally, the online sales boosted substantially and exceeded the expected spending on online platforms.
During this time, the delivery services have also been quite busy with the on-time delivery and accuracy percentage of up to 95-98 percent. The stats were pretty similar to last year in comparison.
Take a look at the infographic for more information.
Infographic by: freightwaves.com