Today, the outlook is unlike anything we’ve ever seen before. Empty streets, closed shops, paralyzed activities, people staying home day and night. There are still doubts about the long-term impact the coronavirus will have on the global economy, although according to financial agents, the outlook is not very encouraging.
In this context, many entrepreneurs and businesses find digital commerce the only way to avoid the collapse singapore phone number library of their projects. Furthermore, many are seeing this tool as a potential way to boost the growth of their businesses. This is because one of the possible scenarios projected regarding this situation suggests that consumers will gradually abandon physical purchases and move to online shopping. This is especially true during the lockdown and social distancing measures promoted in most countries.
How does the coronavirus affect e-commerce?
The measures countries around the world have gradually taken to control the coronavirus are having a significant impact on their economies. The shutdown experienced in many sectors of the economy has led to a drop in advertising investment of nearly 35%.
Many consumers have reduced their spending, driven primarily by the fear generated by economic how to assess the value of your branduncertainty. This has reduced the profits of many companies. Within the e-commerce sector, the online stores that have seen the greatest decline are ukraine business directory those that rely on physical stores for their operations.However it can’t be
A light in the darkness
It’s also true that several sectors have benefited from the situation, seeing an exponential increase in their online sales. One of these sectors is online food sales, whose traffic and sales levels have grown considerably. People are making larger purchases than usual to avoid leaving their homes, which has caused these to skyrocket. Furthermore, the lockdown has increased sales of entertainment and fitness products, such as toys and games for children, as well as everything related to gym equipment for exercising at home.
