How Covid-19 Pandemic is Ramping up Online Sales & E-Commerce Businesses in 2020by Rahul Kumar Marketing Executive
Since the beginning of 2020 COVID-19 pandemic has tremendously impacted every business all over the world.
The Corona Virus has led to unprecedented disruption in the economy all over the world and that is how e-commerce started gaining momentum.
The lockdowns and social distancing enforcement have also led the e-commerce industry to bump up its sales by 90%.
That is why B2B and B2C companies are trying to approach the digital industry today to lunch more websites and invest more in advertising.
Medical supplies, household essentials, and food products are some of the essential supplies that grew exponentially in online sales.
At the same time, e-commerce business trades have also suffered disruption in supply and overall demand due to delivery delays.
However, this pandemic has taught that there is a greater need for digital and e-commerce platforms for even small vendors to sellers and consumers.
India is set to lose around 130 million jobs in the midst of the Covid-19 crisis.
Major job losses have been witnessed by sectors such as aviation, automobile, travel and tourism, food, entertainment, and to some extent in the manufacturing segment.
However, COVID-19-servicing industries like healthcare, pharmaceuticals, e-commerce, IT services, essential retail continued to do good business during this difficult period.
Having said that, it has also been evident from IT companies that the demand for IT services, E-Commerce to mobile apps development has raised exponentially.
So businesses and enterprises who have never tried e-commerce are looking for entry into the e-commerce marketplace.
This has lead to a slowdown of transportation within the country and overall affected international transport and logistics in the world.
The result has shown a spike in the online purchases of some products, as well as increased demand for a wide range of digital services.
So many consumers resorted to online shopping and online marketing using the internet.
Created on Jul 2nd 2020 03:41. Viewed 293 times.
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