Tuesday, February 2, 2021

Good Illustration of Covid-19 Impact on Underlying Trends

This is a good example of the impact of Covid-19 economic lockdowns on technology adoption in general, which is that the economic lockdowns and work-from-home policies pushed any number of existing trends to a sharply-higher level. 


This data shows e-commerce share of total retail sales, excluding autos, fuel, restaurant activity, got a sharp bump because of the pandemic, presumably shifting the curve upwards, but possibly not altering the long-term growth rate. 


source: Benedict Evans 


This illustrates what is meant when observers say “we saw a year’s worth of growth in a few months.” 


What is not clear is whether the underlying long term rate of growth has been altered, or not.


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