UPM Annual Report 2020

ACCOUNTS FOR 2020

Report of the Board of Directors

118 146 215 219 226 229

Financial statements

Auditor’s report

Other financial information

UPM on a world map

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It has been estimated that in 2020, global retail e-commerce sales was USD 3.9 trillion. The largest product groups in e-commerce have long been apparel and footwear, consumer electronics and food and drink. In the future, consumption will be directed to new product groups: home care, pet care, and toys and games. Bioeconomy provides solutions to many of the products. CONSUMPTION HABITS ARE CHANGING

Sources: Statista, Euromonitor

116

117

UPM ANNUAL REPORT 2020

UPM ANNUAL REPORT 2020