What's Happening?
E-commerce began over 40 years ago with the introduction of technologies like Electronic Data Interchange (EDI) and teleshopping. The internet's public opening in 1991 paved the way for online shopping, with Amazon being one of the first e-commerce sites in the US. The industry has evolved significantly, with key players like Amazon and eBay leading the way. E-commerce has improved convenience, safety, and user experience, becoming an integral part of daily life for many Americans. The COVID-19 pandemic further accelerated the shift towards online shopping.
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Why It's Important?
E-commerce has revolutionized retail, transforming it from local storefronts to global marketplaces. It has redefined convenience, security, and user experience, proving indispensable for consumers and businesses alike. The industry's growth has created new opportunities for small and large businesses, allowing them to reach a wider audience and operate more efficiently. As technology continues to evolve, e-commerce will remain a major part of our lives, driving further innovation and reshaping the retail landscape.
