News U.S. manufacturers double down on ecommerce acceleration
Mark Brohan | May 22, 2022 B2B ecommerce also now accounts for a bigger share of all U.S. manufacturing sales. Last year, B2B ecommerce sales totaled 9% of total manufacturing vs. 8.1% in 2020. As a group, U.S. manufacturers are making digital commerce a mainstream channel, according to data and analysis contained in the 2022 Manufacturing Report from Digital Commerce 360.
Digital commerce as a gamechanger for how U.S. manufacturers conduct business has been talked about by ecommerce companies, analysts, and trade press editors for years.
But now, the time of just talk is past and more manufacturers are taking aggressive action to start or expand digital commerce. Despite battling big headwinds from major challenges such as supply chain disruption and COVID-19, manufacturers as a group are ramping up their physical — and digital — assembly lines.
The numbers begin to tell the story. U.S. manufacturers grew their combined digital sales 12.9% to $4.104 trillion in 2021 from $3.634 trillion in 2020, according to data and analysis contained in the 2022 Manufacturing Report from Digital Commerce 360.
These numbers are in line with total U.S. manufacturing sales, which grew 12.6% to $6.036 trillion from $5.354 trillion in 2020, according to data from the U.S. Department of Commerce.
But the fastest-growing channel remains B2B ecommerce. In 2021, manufacturers through their own websites and apps and on B2B marketplaces grew ecommerce 18.4% to $543.25 billion from $458.70 billion. That growth rate is 1.46 times greater than the growth in all manufacturing sales and 1.43 times bigger than the increase in all electronic sales.
B2B ecommerce also now accounts for a bigger share of all U.S. manufacturing sales. Last year, B2B ecommerce sales totaled 9% of total manufacturing vs. 8.1% in 2020. As a group, U.S. manufacturers are […]
I am a robot. This article is curated from another source (e.g. videos, images, articles, etc.). For the complete article please use the link provided to visit the original source or author. Content from other websites behaves in the exact same way as if the visitor has visited the other website.
Warning: The views and opinions expressed are those of the authors and do not necessarily reflect the official policy or position of MichelPaquin.com.