According to Manish Chowdhary, founder and CEO of multichannel ecommerce company GoECart, the obvious reason e-commerce sales have soared to new heights is convenience.

"Nobody wants to stand in line. It's much more convenient that you can get transactions quicker online than offline," said Chowdhary. "It's a matter of efficiency and [the] online channel provides unparalleled efficiency many times more efficient than any offline shopping."

Chowdhary said people used to shop offline for the social aspect attached to shopping offline, whether it's going to the mall with a friend or family member it was an experience.

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