Within 15 years, online sales will reach over half of all retail sales worldwide, said Raj Subramaniam, executive vice president of FedEx Global Strategy, Marketing and Communications.
B2C e-commerce sales worldwide will reach USD1.471 trillion in 2014, increasing nearly 20 percent over 2013. By 2018, it is forecast that sales worldwide will reach USD2.35 trillion, according to the forum.
Asia-Pacific will surpass North America in the e-commerce market next year and take a 37.4 percent share by 2018, according to FedEx.
(Source: Shanghai Daily)