U.S. consumer spending on e-commerce is expected to hit a record $1 trillion this year thanks to the pandemic-driven shift to online shopping, a report from Adobe Analytics showed on Tuesday. The forecast represents a jump of 13 percent from 2021 and follows a total spend of $1.7 trillion over the course of two years of the COVID-19 crisis, starting March 2020. “The pandemic was a consequential moment for e-commerce. Not only did it accelerate growth by nearly two years, but it also impacted the types of goods consumers are willing to buy online,” said Vivek Pandya, lead analyst at Adobe Digital Insights. Online spending on groceries soared during the health crisis, rising 7.2 percent last year after more than doubling in 2020, as consumers preferred the safety and convenience of home deliveries and curbside pick-up. That compared with only modest growth for apparel, while electronics cemented its position as …
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