The companys gross profit also grew by 33.9%, from $124.6 million in 2020 to $166.9 million in 2021. The new IKEA app reached 33.5 million users in 2021, and app downloads more than doubled during that period. In Japan, Rakuten Ichiba is recognized as the most trusted ecommerce marketplace, even outperforming the global ecommerce juggernaut Amazon. This figure includes sales from online market platforms and electronic data interchange transactions. So, lets dig inside below! This shows a 48% YoY growth. Did you know? Although some of these companies are enormous names in the industry, a couple of them are still relatively unknown. Its GMV increased to 40% or $12.1 billion, bringing its 2nd quarter GMV to a total of $42.2 billion. The companys net earnings also jumped from 2020s $3.4 billion to $4.1 billion in the 3rd quarter. Allegro is one of the go-to sites for Poles, who search for products online, making it more popular than conventional search engines. In Poland, Allegro has 20 million customers who visit the sitethats approximately 80% of Polands internet users. This growth is attributed to the rise of internet and smartphone penetration in the country. The company is backed by another ecommerce giant, Alibaba. According to Great Place to Work Australias 2021 Best Workplaces list, were the second best workplace in the country. Businesses like Alibaba.com, AliExpress, and TMall have enabled the Alibaba Group to penetrate the global market. Amazon.co.uk. 1. notes that in 2020, the share of ecommerce in global retail trade increased from 14% in 2019 to 17% in 2020. , which was valued at USD 2,779.31 billion. The list with the ten countries in the world where the digital channel is more powerful are completed by four more European countries. In 1995, the first-ever online Amazon order was placeda book. , its reported revenue is USD 1,389.53 million. In the 12-month period ending in the third quarter of 2021, its revenues reached $458 billion, a 31.62 percent year-over-year increase. As of January 2022, its market value stands at a whopping, . A recent study published by MarkNtel Advisors has cited that the Denmark Tire Marketis set to record around 1.14% CAGR during 2022-27. Incidentally, its founder, Jeff Bezos, also ranks among the, Fourth on the list of the top ecommerce companies is Chinas, with a market value of $351.9 billion. Spain, Sweden, Switzerland, and the UK. USA. in English Literature from the University of Texas at Austin and afterward spent a year abroad to pursue a Master's in International Management from Trinity College Dublin. WebThe website can also say a lot about your vision. What sets Pinduoduo apart from other ecommerce platforms? Thats not all. In 2020, this grew to $255.6 billion. performance showed a 48% growth in revenue, with total net revenues totaling $4.6 billion. List of Largest eCommerce Companies in the World in 2022, Top 10 Largest eCommerce Companies (Ranked by Revenue). Aside from games, its products and services include cloud computing solutions, advertising, and FinTech. This helps visitors find the best price for a certain product easily. Overall, Shopify enjoyed a 46% YoY revenue growth in the 3rd quarter of 2021, which brought in a total of $1,123.7 million in revenue for the company. Through its investments in these brands, the group aims to achieve annual revenues of 17 billion euros by 2023. Its rapid growth is due to its. Trading has come a long way, and thanks to the internet, online shopping is now a go-to for todays shopper. This helps visitors find the best price for a certain product easily. Instead, The Startup Is Stronger Than Ever, https://www.forbes.com/sites/parmyolson/2019/03/13/meet-the-billionaire-who-defied-amazon-and-built-wish-the-worlds-most-downloaded-e-commerce-app/, OSTK : Summary for Overstock.com, Inc. Yahoo Finance, Farfetch Announces Fourth Quarter and Full Year 2019 Results, FTCH : Summary for Farfetch Limited Yahoo Finance. B2W is a Brazilian ecommerce company and is considered as the largest online retailer in Latin America. In June 2021, Groupon.com had 30.9 million monthly visits, a significant increase compared to January 2021s 24.3 million visits per month. Rakuten is the biggest online retailer in Japan, with over 50 million registered In 2021, Etsy showed strong performance, even beating Wall Street forecast revenues. , Costcos net income grew from $1,166 million last year to $1,324 million. The 2nd largest online company in Germany is Zalando ($7.98). Within the last 10 years, its profits have multiplied by approximately 107 times, amounting to, Japans ZOZOTOWN, or ZOZO, is one of the countrys most famous fashion retailers, with 43 million visits per month in Japan alone. In the Q2 2021, the companys revenue reached over 2.7 billion euros, which points to a significant 34% increase compared to the same period in 2020. The United Nations Conference on Trade and Development notes that in 2020, the share of ecommerce in global retail trade increased from 14% in 2019 to 17% in 2020. Tata Consultancy Services. Since 2014, JD.coms revenue has been steadily on the rise, with its 2021 revenue reaching $141.50 billion and its market cap hitting $120.58 billion. Nykaa. has been steadily on the rise, with its 2021 revenue reaching $141.50 billion and its market cap hitting $120.58 billion. Indias homegrown ecommerce company Flipkart had 176.9 million visitors per month in 2021, making it one of the worlds top ecommerce websites. Its Monthly Recurring Revenue (MRR) for the same period was at $95.1 million, with a YoY growth of 67%. , the companys reported earnings increased by 20% ($51.73 billion). This growth is attributed to the rise of internet and smartphone penetration in the country. Baidu (the search engine) is one of the largest search engines in the world and commands a major share of Chinas search market. INGKA Foundation owns INGKA Group, which is the largest IKEA retailer in the world. They also want seamless transactions, and checkout or payment processes, along with competitive pricing and product availability. Based on a two-year period, the company experienced an 86% growth. Moreover, global ecommerce retail sales are estimated to reach $7.3 Trillion by 2025. . and the resulting lockdowns across the world as consumers spend more time indoors and online. In the same year, this mobile-only platform had a market cap of $159.19 billion. The COVID-19 pandemic prompted businesses and consumers to go digital, increasingly accessing goods and services available on online platforms. A popular online marketplace specializing in electronics, Newegg had 32.6 million visits per month in 2021. Shopify: 12. reached 129,752almost double that of 2020s 69,351. currently operates around 10,500 stores and clubs in 24 countries and ecommerce websites. Zappos: 19. Figures have been rounded. The other largest eCommerce companies in China are: Currently, the largest eCommerce company in the United Kingdom is ASOS.com, with revenues of $4.52billion in 2021. As of June 2021, it had 4.2 million unique active customers and an AOV of $359. Blockchain, and cryptocurrency, will play a major role in ecommerce finance and payments. WebOzon. Its active customer base saw significant growth in 2021, with the company having a total of 26.4 million, compared to 23.4 million in 2020. For the fiscal Q3 2021, the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. Currently topping the list of top ecommerce companies is ecommerce giant Amazon. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Its current market cap is reported to be at $2.37 billion. , it had over 1,500 stores featuring more than 8,400 brands. WebHaylee is a Content Marketing Writer at BigCommerce, where she partners with the SEO team to craft narratives and blog content. In comparison, in 2021, Amazon grew its market value 73.6 percent, which is attributed to the coronavirus pandemic and the resulting lockdowns across the world as consumers spend more time indoors and online. , the companys revenue was at USD 31,147 million, indicating a 29% year-over-year increase. For the 2021 fiscal year, the company reported consolidated revenues amounting to KRW 76.57 trillion. Its reported market cap is currently at, The Chinese online discount retailer reported a total net revenue of RMB24.9 billion (USD 3.9 billion) for. With IP's eCommerce Secure Box customers get an WebSheins annual revenue in 2021 exceeded USD 15.7 billion (up from $10 billion in 2020). But despite the meteoric rise of the ecommerce industry, not all ecommerce firms have enjoyed successes. Market cap of leading large cap e-commerce companies worldwide as of June 2022 (in billion U.S. dollars) [Graph]. #2 Best Workplace in Australia. It raked in. It has more than 100 million shoppers and is frequented by 87% of the countrys population. What Is the Largest eCommerce Company in Germany? The average online shopper in Brazil is expected to spend $207.84. Our latest forecast shows that Amazon, Walmart, and eBay will remain the top three largest ecommerce companies in the US by total sales volume, while Best Buy and As consumer expectations continue to evolve, you can expect ecommerce companies to rise up to the challenge and come up with new strategies. For the 2021 fiscal year, the company, The site is immensely popular in Turkey, which accounts for 99% of visits. Its website received, from Latin American traffic. In 2020, it was able to. Being one of the worlds top online marketplaces, it had an average of 55.9 million visits per month. Through its investments in these brands, the group aims to achieve annual revenues of, Online retail remains the groups main growth driver. In 2020, its total revenues were reported to be at $36,411.81 million. , it had a 121.8% YoY growth, with a total GAAP revenue amounting to USD 2.7 billion. It continues to play a major role in tech solutions, such as the cloud and artificial intelligence, and it also continues to offer reliable business applications. That same year, Walmart generated a total of USD 67.39 billion in ecommerce sales. 0.00%. Since then, it has become the countrys largest mobile marketplace. Meta is reportedly planning to release its first pair of smart glasses with a display alongside a neural interface smartwatch designed to control them in 2025. A majority of the ecommerce companies on our list share the following common features, which help drive their GMV: Weve selected the top ecommerce companies based on several factors, which include: Our list covers business-to-business (B2B) and business-to-consumer (B2C) ecommerce companies. 2021 was a great year for Amazon, particularly during the Cyber 5 shopping weekend. Amazons current market value is also more than quadruple of its closest rivals and nearly the combined total of the next five biggest online retailers on the list. It also evaluated the size of e-commerce markets while the United States is in the top 10 at $340 billion, it is second to China at $672 billion. Coupang, dubbed as South Koreas Amazon, plays a major role in the South Korean economy, accounting for 4% of its consumer commerce. Visitors spent an average of 6 minutes on Amazon, browsing through 8.58 pages with each visit. * Prosus includes: OLX, PayU, iFood, Delivery Hero, Swiggy, Tencent, Mail.ru and other smaller e-commerce companies. is predicted to grow from $38.5 billion to a whopping $200 billion industry in 2026. No. It had a. , its consolidated GMS was $3.1 billion (17.9% YoY increase) and its marketplace GMS had a 12.4% YoY increase, bringing it to a total of $2.7 billion. List of Ecommerce Trends in 2023. In 2021, more than 250 million items were purchased by Prime members worldwide. The rapid growth of ecommerce can also be attributed not just to internet accessibility but also to lower barriers to entry. WebSheins annual revenue in 2021 exceeded USD 15.7 billion (up from $10 billion in 2020). like the Turkish ecommerce company Trendyol and South Koreas Coupang. According to Great Place to Work Australias 2021 Best Workplaces list, were the second best workplace in the country. every month from both mobile and desktop sources. Thats 111.4 million members when you consider Japans population of approximately 126 million individuals (2020). Build a list of eCommerce & D2C companies based on attributes made possible for the first The companys. Amazon, Walmart and eBay are the leading U.S. retailers in 2021 by e-commerce sales, according to Statista, but Amazon still remains far ahead of the pack. In 2021, the companys revenue from its ecommerce ventures increased by 46% or $6.2 billion. In 2020, the company had an annual revenue of $1,417 million, while its quarterly revenue (as of September 2021) was at $214 million. To expand its ecommerce reach, the company has also adopted a buy now, pay later business model to attract users. Its. Shopee is one of the largest ecommerce companies not only in Southeast Asia, but also in China, the US, and Latin America. A majority of the ecommerce companies on our list share the following common features, which help, Marketplace functionality thats geared toward third-party entities, enabling ecommerce companies to provide value-added services and a more comprehensive product range, Seamless ordering and shipping process, enabling greater convenience and better shopping experiences, Membership programs, which incentivizes consumer shopping behavior, Mobile-friendly interface, which allows consumers to access ecommerce websites from their mobile devices, Personalization, which enables ecommerce companies to showcase recommendations, offers, and experiences that are optimized for and relevant to their customers, Amazon dominates the industry as its revenue continues to grow year after year. The 2nd largest online company in the United Kingdom is Farfech ($1.67). Overstock.com had a total net revenue of $689 million for. self-operated retail chains to ecommerce platforms and cloud services. However, the South Korean electronics and appliance manufacturer commands sizable website traffic. In fact, in 2021, eCommerce spending skyrocketed up 14.2% YoY to over $870B in the U.S. Its current market cap is at $36.60 billion. Its sales increased by 26.3% YoY, with the company being able to sell close to 260 million items. As of March 2021, its reported revenue is USD 1,389.53 million. The Otto Group primarily operates as a retail ecommerce company headquartered in Hamburg, Germany. In 2021, Amazons web traffic also increased during Black Friday, Saturday, Sunday, and Cyber Monday. The consumer electronics companys. , which brought in a total of $1,123.7 million in revenue for the company. In the. In Q3 2021, it had, Coupang, dubbed as South Koreas Amazon, plays a major role in the South Korean economy, accounting for. 7.Bewakoof. Shopifys 3rd quarter revenue was at $1.12 billion, indicating a 46% YoY growth. . The key market drivers, opp There are six key factors driving the growth of ecommerce. had an average of 190.2 million visits per month in 2021, worldwide. Moreover, Facebook continues to work toward fortifying its ecommerce programs for a range of business types, from small businesses to startups. Amazon founder Jeff Bezos noted that half of all the purchases on Amazon are completed in less than 15 minutes. Businesses like Alibaba.com, AliExpress, and TMall have enabled the Alibaba Group to penetrate the global market. , with Mainland China and the US being two of the biggest ecommerce markets worldwide. The top five ecommerce markets have remained the same since 2018. Its MRR as of September 2021 was at $98.8 million, which marked a 33% YoY increase. As of. Wayfair, which specializes in housewares, garnered an average of 179.1 million visits per month in 2021. Overstock.com is a US-based online retailer that primarily sells furniture. We have a truly unique workplace culture at DHL Express, but dont just take it from us. Its GMV reached a total of $16.8 billion, indicating an 80.6% YoY growth. It had an average of 241.5 million visitors per month in 2021 alone. within a span of 3 minutes or less. Key components that drove revenue for Microsoft include its Intelligent Cloud segment, More Personal Computing segment, and sales from Xbox hardware. It implemented a group listing scheme using structured data, which requires sellers to include product identifiers in their listings. This is followed by Walmart, which ranks in third place with a market value of $401.91 billion. Furthermore, eBays Best Price Guarantee offers consumers a generous 110% rebate to make up for the price difference between a product they bought on eBay and an identical listing on a competing website. In 2021, it launched the . Both Mercari JP and Mercari US enjoyed increased GMV rates, with the former having a 15% YoY GMV growth, while the latter with a 17% YoY GMV growth. Just last year, SoftBank invested $1.6 billion in British ecommerce startup THGs new influencer platform. In FY21, Microsofts revenue increased by 22%, bringing it to a total of $45.3 billion. . Its operations revenue also enjoyed a 25.7% YoY growth, with its overall revenue jumping to 25.3% YoY. In 2020, China emerged as the worlds biggest ecommerce market, which was valued at USD 2,779.31 billion. Snapdeal. Both Mercari JP and Mercari US enjoyed increased GMV rates, with the former having a 15% YoY GMV growth, while the latter with a 17% YoY GMV growth. This feature allows businesses to list their products on Facebook and Instagram, as well as on other Facebook platforms like Messenger, Instagram Direct, and Whatsapp. It currently has a market cap of $18.39 billion. Its rapid growth is due to its unique business model, which allows customers to try out their orders at designated pick-up points and pay for whatever items they decide to take home. Its reported revenue for 2021 was $4.93 billion, showing an increase from 2020s $4.05 billion. It is one of the top 10 online companies in the world. increased by 13% ($25.6 billion), which exceeded figures predicted by some analysts. The company specializes not only in online retail, but also in ecommerce, technology, and internet marketing, among other ventures. In the year 2020, Bewakoof made a revenue of Rs 200 Cr. August 23, 2022. A Lowdown of the Top Most-Visited eCommerce Websites in the World: 1. , a market value of $8,618 million, and 69,398 employees. consolidated results show that its net sales had a 44% YoY growth, amounting to 37.5 billion JPY. Travel and ride-hailing platform companies, like Expedia and Airbnb, have been adversely affected by a reduction in their gross merchandise value (GMV). grew by almost 10%. The Canadian ecommerce company has enjoyed steady growth in 2021. The company is based in Mumbai, Maharashtra. Girlfriend.com - Athleisure with ethical manufacturing 3. Its subsidiaries include some of Asias (Southeast Asia and Taiwan) biggest brands in digital entertainment, ecommerce, and digital payments and financial services: Garena, Shopee, and SeaMoney. Suning.com. As of December 2021, it had over 1,500 stores featuring more than 8,400 brands. Aside from the abovementioned factors, ecommerce is largely impacted by customer expectations and evolving media consumption habits. In 2021, Wildberries had, , with traffic from Europe accounting for an average of 149.9 million monthly visits. Ecommerce is here to stay and its expected to become even bigger in the years to come. In fact, its predicted that by 2040, a whopping. Customer loyalty needs to be a key part of any business strategy. On average, visitors spent around, The company also has a market cap of $8.65 billion, making it one of the worlds largest ecommerce companies. Ecommerce companies leverage technology to deliver heightened convenience and better online shopping experiences for their customers. In recent years, eBay made changes to its platform, which now makes it resemble the way Amazon operates. Coupang has. It focuses on connecting consumers with businesses that provide fresh produce, electronics, and household essentials. We hope that with this article, youd be able to enhance your knowledge of the ecommerce industry and perhaps adopt some of these tactics to fuel your businesss growth. It also introduced the Guaranteed Delivery scheme in 2018, which offers consumers guaranteed shipping (currently only available in the US) within a period of three days or less. , which decreased by 4% YoY. It enables consumers to purchase products directly from their manufacturers and distributors based in China. A sales funnel enthusiast at heart with the mission to make online sales simple and understandable to the everyday internet user. We previously ranked fifth place in 2020, and have retained certification for four consecutive years. This should come as no surprise, given that the US is one of the, Currently topping the list of top ecommerce companies is ecommerce giant, . With a market cap of over one trillion U.S. dollars, Amazon ranks first among the leading large cap e-commerce companies worldwide. The Canadian ecommerce company has enjoyed steady growth in 2021. The companys total gross profit was up 147.5% YoY at USD 1.0 billion. 2-5: Walmart Vaults Ahead of eBay to No. Its ecommerce revenue also accelerated to 60% ($4.2 billion). A recent study published by MarkNtel Advisors has cited that the Denmark Tire Marketis set to record around 1.14% CAGR during 2022-27. Coupang has Dawn Delivery, which lets customers receive their packages by 7 a.m. the next day, provided they place an order before midnight. The Home Depot is one of the worlds largest retail chains dedicated to home improvement. Its one of the most popular online marketplaces for housewares and has a. of $15.36 billion. The company is backed by another ecommerce giant, Alibaba. model. Today, just having a website is not enough. , the companys net sales amounted to $2.21 billion, showing a 24.1% YoY increase. 11 9. The company employs an array of technologies like Content Delivery Network, Google Analytics, and LetsEncrypt to ensure that its able to deliver a seamless UX for visitors. While eBay lets users buy and sell new products, this online retail marketplace is still considered as one of the worlds largest P2P online marketplace. Its operating profit showed a 7% YoY increase, amounting to USD 6.3 billion. What began as a startup in 1999 became one of the largest online marketplaces for home goods. Etsy, an ecommerce website that specializes in showcasing handmade and craft items, continues to be one of the most popular online marketplaces in the world. Its one of the most popular online marketplaces for housewares and has a current market cap of $15.36 billion. As of January 2022, its market value stands at a whopping $1.649 trillion. Market research showed that in 2021 Q2 alone, funding acquired by e-commerce companies worldwide totaled US$16.8 billion. Instead, the buyers journey has become a cycle or a web, where consumers move toward or back from certain points. This huge jump in revenue is largely because of digital advertising. grew by 6.5%, amounting to a total of EUR 39.8 billion. This feature allows businesses to list their products on Facebook and Instagram, as well as on other Facebook platforms like Messenger, Instagram Direct, and Whatsapp. While Microsoft isnt exactly an ecommerce company, it has been paving the way for. Its. Alibaba Group Holding Limited: 4. Moreover, Facebook continues to work toward fortifying its. B2B ecommerce, in particular, represents 82% of ecommerce. On average, visitors spend around 6 minutes on the site and go through 7.54 pages per visit. While primarily a brick-and-mortar retailerand the worlds largest at thatWalmart has been investing in ecommerce in recent years through acquisitions and expanding the scale of its grocery pickup and delivery services. Consumers are expecting companies to become more sustainable. What makes an ecommerce company a huge success, not only in its home country but also in other regions across the globe? Carousell. In the 2nd quarter of 2021, the company cemented its reputation as Chinas leading ecommerce platform for services. , MercadoLibre, Inc. had 78.7 million unique active users across its entire ecosystem. In 2021, its online marketplace experienced a sharp increase in the number of third-party sellers. , showing an increase from 2019s 6.66 billion reals. For Q3 2021, Tencent had total revenues amounting to USD 22.0 billion, which showed a 13% increase compared to Q3 2020. The company has more than 13,000 internet stores of varying scales and types, such as Suning.com Plaza and Suning Retail Cloud Store. In 2021, it had an average of 65.5 million visits per month. In 2020, the company had an annual revenue of $1,417 million, while its. First created in 1999, Volusion is one of the longest-lasting ecommerce platforms in the market. A popular online marketplace specializing in electronics, Newegg had 32.6 million visits per month in 2021. Shopee is one of the largest ecommerce companies not only in Southeast Asia, but also in China, the US, and Latin America. Amazon Prime Day also generates a sizable revenue for the company. Chinas Vipshop, while not as big as Alibaba, Taobao, and Pinduoduo, still commands a sizable audience with, . Mercaris FY2022 Q2 consolidated results show that its net sales had a 44% YoY growth, amounting to 37.5 billion JPY. As of writing, its market cap is pegged at, In 2021, Etsy showed strong performance, even beating Wall Street forecast revenues. Its, Chewy is an ecommerce company dedicated to providing pet supplies. This, in turn, enables the company to offer next-day and even same-day delivery for almost all of its orders. During the first quarter of the 2022 fiscal year, Costcos net income grew from $1,166 million last year to $1,324 million. Shopifys latest market cap, which is currently valued at $109.41 billion, makes it one of the largest ecommerce companies in the world. The number of sellers in 2021 reached 129,752almost double that of 2020s 69,351. With a market cap of $19.63 billion, its one of the worlds top ecommerce companies. Not being able to embrace sustainability in practices may adversely affect a companys growth. It operates around 200 discount department stores and showcases more than 80,000 products. Amazon.com Announces Fourth Quarter Sales up 21% to $87.4 Billion, AMZN : Summary for Amazon.com, Inc. Yahoo Finance, JD : Summary for JD.com, Inc. American Deposit Yahoo Finance, Facebook Reports Fourth Quarter and Full Year 2019 Results, Alibaba Group Announces March Quarter and Full Fiscal Year 2019 Results, BABA : Summary for Alibaba Group Holding Limited A Yahoo Finance, Suning.com Released 2019 Financial Report with the Establishment of Full-Scenario Retail, 002024.SZ : Summary for Suning.com Co., Ltd. Yahoo Finance, RKUNY : Summary for RAKUTEN INC Yahoo Finance, eBay Inc. Reports Fourth Quarter and Full Year 2019 Results, EBAY : Summary for eBay Inc. Yahoo Finance, Wayfair Announces Fourth Quarter and Full Year 2019 Results, W : Summary for Wayfair Inc. Yahoo Finance, Annual Reports | Key Figures 2019 | Zalando, ZAL.DE : Summary for ZALANDO SE Yahoo Finance, South Koreas Coupang operating loss shrinks by a third in 2019 as e-commerce surges, CHWY : Summary for Chewy, Inc. Yahoo Finance, Pinduoduo Announces Fourth Quarter and Fiscal Year 2019 Unaudited Financial Results, Sabre reports fourth quarter 2019 results, SABR : Summary for Sabre Corporation Yahoo Finance, ASOS Final Results for the year to 31 August 2019, ASC.L : Summary for ASOS PLC ORD 3.5P Yahoo Finance, BTOW3.SA : Summary for B2W CIA DIGITAL Yahoo Finance, The Amazon-Whole Foods Deal Could Have Killed Instacart. On Amazon are completed by four more European countries 65.5 million visits per month 2021! That by 2040, a 31.62 percent year-over-year increase home country but also to barriers! Housewares and has a market cap is reported to be at $ 36,411.81 million retail remains the groups main driver! Having a website is not enough online marketplaces for home goods operating profit a... 2020, the company being able to embrace sustainability in practices may adversely affect a growth! 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