Ecommerce sales increase 70% in 2020

Members of the e-Commerce Association of Bangladesh participate in a virtual press conference on April 8. Photo: e-CAB

“>



Members of the e-Commerce Association of Bangladesh participate in a virtual press conference on April 8. Photo: e-CAB

Merchandise sales through electronic platforms grew 70% year-over-year in 2020 thanks to an increase in online shopping amid the pandemic, according to the Bangladesh Electronic Commerce Association (e-CAB).

Some segments, especially the commodities and food business, have seen massive growth of 300% in the past year, he said.

For all the latest news, follow the Daily Star’s Google News channel.

The association, which has around 1,500 members, shared the data at a virtual press conference on April 8.

However, the association did not share the 2020 online sales figure.

In the last eight months of 2020, consumers bought Tk 3,000 crore of basic commodities for their daily needs, he said.

“The growth of e-commerce had been significant last year as the government made swift decisions and allowed e-commerce platforms to operate under health guidelines,” said e-CAB chairman Shomi. Kaiser.

At the request of the association, the government extended the delivery time for e-commerce from 6 p.m. to 12 p.m., she said.

e-CAB also formulated an action plan this year focusing on four key issues: e-commerce, cross-border e-commerce, social media commerce and complaint handling, said Shomi.

A conference called “Rural to Global” will be held on April 11 in this regard, she added.

Currently, more than 160,000 deliveries are made every day, said e-CAB finance secretary Mohammad Abdul Haque.