While shops are starting to reopen across the country, many business owners are starting to think about moving online to set up an ecommerce store for the first time.
Many businesses that transitioned to ecommerce long before the pandemic, have been able to keep their business alive whilst experiencing handsome payoffs.
The Coronavirus Effect
Saying that covid-19 has affected the world economy severely would be an understatement.
The entire world is facing an economic slump and looking for ways to cope with the pandemic.
People are currently only buying essential products and avoiding making new investments.
Meanwhile, the drop in sales has also made hundreds of thousands of people unemployed, creating a temporary vacuum in earnings.
Evidently, all businesses are looking at a huge drop in business activity.
Changing Consumer Behaviour
The enforcement of lockdowns, social distancing measures and other regulations in response to the pandemic has led to an increase in online shopping, online streaming, internet usage, social media usage and video calling.
This has, in turn, led to an increase in sales and ecommerce activity, especially when it comes to food products, household essentials and medical supplies.
In fact, for many consumers who want to avoid in-person contact and minimise the risk of infections, online grocery shopping has come as a huge sigh of relief.
In fact, ecommerce companies have played an important role in China during the pandemic, supplying essentials and groceries to the residents of Wuhan during the two-month lockdown.
Moreover, online search patterns provide a clear indication of the role that ecommerce will be playing in this pandemic. Worldwide searches for “food delivery”, “online shopping” and “online doctor” have skyrocketed during the pandemic.
Owing to the rise in ecommerce transactions, delivery companies are seeing a huge surge in the number of deliveries they make. From pet food to electrical goods, delivery companies have been busy delivering all sorts of products in the recent weeks.