The pandemic has led to a boost in online shopping (Tim Goode/PA)The Covid-19 pandemic has turbo-charged the UK’s digital transformation, according to new data. Credit agency Experian found online retail sales saw four years’ worth of growth in just 12 months, helping the logistics and transportation sector grow accordingly. According to Experian Economics, online retail sales rose from 12% to 34% of total retail spend in the past year – hitting levels not predicted until 2025. The transportation, wholesale and logistics sector which help support online delivery services grew by 8.7% and now makes up 16.2% of the economy, it found. The number of registered digital and traditional retail businesses grew by 8% over the last five years, of which 7% occurred in the last year alone, driven by the online sales boom.

Source: Irish Independent July 18, 2021 23:03 UTC