Global E-Commerce Was $4T in 2020: GM's BrightDrop CEO
Global e-commerce generated $4 trillion in 2020 revenue, up nearly 27% year on year, BrightDrop CEO Travis Katz told a Bank of America virtual investor conference. “Not only are we ordering more and more online, we want our deliveries to…
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arrive faster than ever” and in a manner that doesn’t worsen traffic congestion or emissions, he said Monday. General Motors launched BrightDrop in January as “a true ecosystem of all-electric, first-to-last-mile solutions,” he said. Though e-commerce demand is soaring, “consumers are increasingly saying they want their packages delivered without harming the environment,” said Katz, a former Trip.com and News Corp. executive. "Global package alone is expected to be a $300 billion market this year.”