E-commerce is booming - SEA will see largest growth - NAOS International

E-commerce is booming – SEA will see largest growth

E-commerce is booming – SEA will see largest growth | The e-commerce industry witnessed an all-time high with a growth of 16.4% in 2021 and it is not stopping.

According to statistics from a report by McKinsey & Co., the industry experienced a dramatic increase with the pandemic fuelling its growth.

Retail e-commerce were estimated 4.9 Tri USD in 2021 and is projected to increase by 50% through the next 5 years to reach approximately 7.4 Tri USD by 2025.

In this growth, Southeast Asia (SEA) stands out the most – The region is expected to experience a 20.6% expansion in 2022, with sales reaching $89.67 billion from $74.36 billion in 2021. E-commerce in the region is expected to pass $100 billion by 2023.

Equipped with more than a decade of experience hiring top talents across various countries in Asia, reach out to our Senior Consultants at NAOS International to find out more about how we can advise you on your hiring needs.

 

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