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Understanding The COVID-19 Effect On Ecommerce

Understanding The COVID-19 Effect On Ecommerce

<p style&equals;"text-align&colon; justify&semi;">As the new coronavirus &lpar;COVID-19&rpar; continues to spread throughout the United States&comma; it is increasingly damaging health care as well as many other industries and sectors&period; From travel and tourism to finance and construction&comma; nearly every aspect of the American economy has been affected by the global pandemic&period; One industry that has seen particularly notable changes in the past few months is e-commerce&period; As most states have given orders to live in an effort to slow the spread of the disease&comma; many Americans are now self-isolating by turning to technology for work&comma; education&comma; communication&comma; and shopping&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">When asked about changes in their overall lifestyles due to COVID-19 in May 2020&comma; about 62 percent of American adults surveyed reported going to stores less&comma; while another 52 percent reported doing more online shopping&period; This shift from physical shopping carts to digital carts is one of several precautions citizens have begun taking since infections began to rise across the country in early 2020&period; To avoid contracting a virus in a crowded store&comma; more than <a href&equals;"https&colon;&sol;&sol;www&period;statista&period;com&sol;topics&sol;6321&sol;coronavirus-covid-19-impact-on-e-commerce-in-the-us&sol;">20 percent of Americans<&sol;a> said the frequency of online shopping increased in March&comma; and even those who had never used e-commerce services in the past felt the urge to do so after the crisis&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">What changes have businesses made to adjust to the growth of e-commerce&quest;<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">With many stores being forced to close their doors as a result of severe restrictions&comma; businesses have had to rely on their online sales to survive&period; However&comma; this would not have been possible if they and their teams had not fine-tuned their operations&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">According to the survey&comma; 15&percnt; of businesses have <a href&equals;"https&colon;&sol;&sol;www&period;webprecious&period;com&sol;market-your-ecommerce-store-in-such-a-way-that-sales-occur-to-a-great-extent&sol;">created entirely new roles just to drive digital sales<&sol;a> growth and make online shopping more positive for their customers&period; Many believe that the crisis created a technological revolution by telling people to stay home wherever possible and avoid shopping except for necessary items&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Why should businesses move to an online presence&quest;<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">It&&num;8217&semi;s always been coming&comma; but now the technological revolution&comma; as it has been called&comma; has come well and truly&period; With behavior unlikely to change for some time&comma; with the future still unknown&comma; going digital is a good play for most companies&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">With many customers reporting delays during the pandemic&comma; it&&num;8217&semi;s important to tighten up your processes and ensure you have a modern website&comma; to begin with &lpar;go to names&period;co&period;uk to buy domain names for your business&rpar;&comma; and keep an eye on sales by ensuring excellent communication&comma; delivery times and unmatched customer service in case something goes wrong&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Looking at the categories and products with the highest consumer demand&comma; household goods and hygiene products stand out as the top sellers among U&period;S&period; shoppers&period; This trend is reflected online as well&comma; as disposable gloves were the fastest-growing e-commerce category in March 2020&comma; followed by bread baking machines and cold medicine&period; In contrast&comma; spending on items such as travel gear and sports equipment has fallen significantly as a result of the travel ban and other government-imposed deterrents&period; So where do quarantined U&period;S&period; consumers buy the vast amount of products they consider necessary to cope with the crown crisis&quest; As in many other parts of the world&comma; the most popular destination is Amazon&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">E-commerce sites that have seen significant growth<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">In June 2020&comma; this e-commerce giant logged more than 5&period;2 billion visitors worldwide and even had to temporarily limit its supply of necessities in some regions after an unprecedented flood of orders&period; Other e-commerce sites that have seen significant growth globally include online retailers selling medical supplies as well as furniture and home décor platforms&period; Overall&comma; between January and March 2020&comma; COWID-19 contributed to a six percent increase in traffic to retail sites worldwide&comma; leading many e-commerce retailers in the United States to expect future delays in production and inventory shortages&period;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">However&comma; one of the most notable shifts in consumer demand and behavior in the U&period;S&period; can be seen with regard to food shopping&period; According to an April 2020 global survey&comma; about 30 percent of U&period;S&period; consumers are spending more than usual on food and beverages because of COVID-19&comma; with packaged food&comma; alcohol and non-perishable items more likely to be purchased for extended periods of time&period; But it&&num;8217&semi;s not just the amount and type of food U&period;S&period; consumers buy&comma; and sometimes their stocks&comma; that changed in the first quarter of 2020&comma; but also their preferred destinations&period; About 74 percent of shoppers surveyed indicated a willingness to visit online grocery platforms during home isolation to avoid trips to the supermarket&period; In turn&comma; orders on online grocery delivery platforms such as Postmates and DoorDash are on the rise&comma; and Instacart&comma; one of the most popular grocery delivery apps in the U&period;S&period;&comma; saw a 218 percent increase in downloads in March 2020&period; But while these services offer customers a safe and flexible alternative to stranded grocery stores or restaurants&comma; companies like Instacart also face harsh criticism for the way they treat delivery workers&period; Because delivery workers are hired as laborers&comma; not employees&comma; they do not receive sick pay or other health benefits&period; Seeing that these contractors work on the front lines of the pandemic&comma; their lack of financial and physical protection from the coronavirus is constantly causing controversy&period;<&sol;p>&NewLine;<h2 style&equals;"text-align&colon; justify&semi;">Financial Implications&period;<&sol;h2>&NewLine;<p style&equals;"text-align&colon; justify&semi;">Despite all the bad things that happened because of the coronavirus outbreak&comma; fiscal 2020 was not that bad for many e-commerce companies&period; Most of them &lpar;63 percent&rpar; say it was a successful year &lpar;through October&rpar;&period; And 28 percent say their e-commerce business did well&comma; while their physical stores did not&period; And a surprising 2 percent say otherwise&excl;<&sol;p>&NewLine;<p style&equals;"text-align&colon; justify&semi;">We hope this quick guide to e-commerce was helpful and wish you every success in your online venture&excl;<&sol;p>&NewLine;

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