E-commerce during COVID-19




In March 2020, global retail website traffic hit 14.3 billion visits signifying an unprecedented growth of e-commerce during the lockdown of 2020. Studies show that in the US, as many as 29% of surveyed shoppers state that they will never go back to shopping in person again; in the UK, 43% of consumers state that they expect to keep on shopping the same way even after the lockdown is over.

Retail sales of e-commerce shows that COVID-19 has a significant impact on e-commerce and its sales are expected to reach $6.5 trillion by 2023.

Comments

Post a Comment

Popular posts from this blog

10)71st Republic Day 2020 highlights| Beating retreat ceremony with Attari-Wagah border on Republic Day

India Republic Day -- India celebrates it is 71st Republic Day these days. On this day in 1950the Constitution of India came into force. The Republic Day paradewhich is considered as the main attraction of the days celebrationwas held along Rajpath. It was a 90-minute event. Brazilian President Jair Bolsonaro was the chief guest at the parade. Before the parade started outPrime Minister Narendra Modi paid tribute at the Countrywide War Memorial and Chief executive Ram Nath Kovind unfurled the national flag together with General Manoj Mukund NaravaneChief of the Army PersonnelAdmiral Karambir SinghFundamental of the Naval StaffMarshal Rakesh Kumar Singh BhadauriaChief of the Air Personnel. 5 41 PM WIRD PM Narendra Modi gets to Rashtrapati Bhawan for At home reception hosted through President Ram Nath Kovind. 5 12 pm WIRD Beating retreat ceremony with Attari-Wagah border on Republic Day. 4 36 pm IST Air India Redirects 30000 National Red flags To Passengers On Republic Day The
Read more

Distribution channels

E-commerce has grown in importance as companies have adopted pure-click and brick-and-click channel systems. We can distinguish pure-click and brick-and-click channel system adopted by companies. Pure-click or pure-play companies are those that have launched a website without any previous existence as a firm. Bricks-and-clicks companies are those existing companies that have added an online site for e-commerce. Click-to-brick online retailers that later open physical locations to supplement their online efforts. E-commerce may take place on retailers' Web sites or mobile apps, or those of e-commerce marketplaces such as on Amazon, or Tmall from AliBaba. Those channels may also be supported by conversational commerce, e.g. live chat or chatbots on Web sites. Conversational commerce may also be standalone such as live chat or chatbots on messaging apps and via voice assistants.
Read more

Global trends

Image
In 2010, the United Kingdom had the highest per capita e-commerce spending in the world. As of 2013, the Czech Republic was the European country where e-commerce delivers the biggest contribution to the enterprises´ total revenue. Almost a quarter (24%) of the country's total turnover is generated via the online channel. Among emerging economies, China's e-commerce presence continues to expand every year. With 668 million Internet users, China's online shopping sales reached $253 billion in the first half of 2015, accounting for 10% of total Chinese consumer retail sales in that period. The Chinese retailers have been able to help consumers feel more comfortable shopping online. e-commerce transactions between China and other countries increased 32% to 2.3 trillion yuan ($375.8 billion) in 2012 and accounted for 9.6% of China's total international trade. In 2013, Alibaba had an e-commerce market share of 80% in China. In 2014, there were 600 million Internet users in Ch
Read more