Homee-commerce Trends 2020E-commerce sales up by 25% thanks to COVID-19

E-commerce sales up by 25% thanks to COVID-19

It is known that everything that takes place has its bad side and also has a good side. Now, you would know that there is a massive spread of coronavirus all over the world and it has been spreading in places such as the UK, Europe and the US mostly. This means that the world is under a lockdown state where no one can come out of their houses and everyone is told to stay indoors in order to stay safe. Therefore, the retail stores who rely on people coming out to shop, which are already closed, will have a huge slump in sales for the next few months.

However, this has been great for the e-commerce platforms as the data shows that there has been a 25% increase in their sales since the COVID-19 outbreak has taken the world by storm. It is also obvious that the people who need food supply, groceries and other essential items will rely on things getting delivered and e-commerce does it for them.

Talking about groceries, its sales have been even steeper than e-commerce because the demand in grocery shopping online has increased by 100% compared to previously. It means that people are gearing up to the fact that things they were only buying physically such as grocery can also be bought online.

Also, some experts say that those who had invested in such technologies are seeing their investments becoming profitable right now even though the situation is grim.

The statement adds that “Retailers that had invested in digital early on are seeing those investments pay off,” while saying that “Click-and-collect is a great example. Social distancing is creating a surge there, but not all retailers had invested in that area of blending physical and digital shopping”. The retailers are also practising social distancing meaning that digital payments are going to rise after the Coronavirus era.

Sonali Minocha
Sonali Minochahttps://www.ecommercenext.org
Passionate about Innovation and Technology. I love to contribute to high impact projects/ products. I have co-created/contributed to technology solutions touching 100 million ++ humans. I am also fond of e-commerce & PIM solutions. As editor of eCommerceNext, I am bringing news, events, opinions, experts, reviews from the world of e-commerce and PIM Besides technology and innovation, I am usually involved in setting up and running complex operations and human capital systems. I have been grateful to be acknowledged by getting “Great Places to Work – Top 100”, “Great Places to Work – Top 50”, “Great Place to Work – Top 5” awards for my company. I am a people and relationship person and bring in a balance of empathy and realistic solutions. I thrive on building processes and building control systems. I led the team that achieved CMMI Level 3. I have managed large teams and in-turn managed projects worth 15-20 Million (Annually) Want me to cover an interesting story around eCommerce or PIM? Reach me on sonali@ecommercenext.org

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