4 Reasons the Pandemic Is A Boon For eCommerce Industry
Looking at the eCommerce industry over the decades, provides affirmative results. This industry has just only flourished, but also reached the pinnacle of success. Giant eCommerce organizations like Amazon, eBay, Alibaba, and Walmart, etc., have created a benchmark in the online shopping world. However, how many of you ever think of a pandemic helping the businesses grow like never before? Well, a very few or perhaps none of us can even assume. But, as we see now, Covid-19 turns quite beneficial for the eCommerce industry.
COVID-19 has disrupted the lives of people across the globe. If we take a glance at the economic conditions, then it is not hidden that recovering from this outbreak would not be much easier. Countless demises, downsizing, health issues, travel restrictions and cut-throat conditions for daily wage workers etc., have stimulated every other business to look out for some ways to survive.
Though, we couldn’t forgo the unbearable effects of COVID-19. But, for eCommerce businesses, the pandemic has turned out to be advantageous. In this article, you will get to know the reasons pandemic has given to the eCommerce industry to flourish.
1- eCommerce is Recession-Proof
Since the coronavirus outbreak, life has become tragic. Where we know every other retail outlet has put the shutter down due to lockdown and quarantine, eCommerce has found more avenues to grow.
Let’s prove it with statistics, till the end of first quarter of 2020, there has been a rigorous pace of 49%in online shopping. Most of the consumers have diverted their attention to online stores as a precautionary measure during the pandemic.
Whether it is garments, personal care, books, jewelry, grocery even fruits and vegetables, most of the people are taking this wise step which justifies social distancing and also brings the eCommerce sector in the spotlight.
2- All Times Profitable Investment
Pandemic with succeeding economic crisis in any era turns to be a wake-up call for businesses. Along with redefining strategies and policies and means to deal with overnight challenges have become normal now. eCommerce businesses have also responded to all the changes and have gained a very positive outcome as compared to the other businesses.
On the basis of facts and figures, we have got an insight that eCommerce businesses are worthy of investment. Primarily retail businesses are also having an online presence, they are pursuing web development services to make your offerings available to your customers and win them back.
Further to this, customers experience a smooth journey in product selection, order placement, checkout process, payment options and terms and conditions. When customers don’t find any ambiguity and continue their online shopping activities, then it is quite noteworthy that your investment in such business will not disappoint you.
3- Telemedicine is New Healthcare
Telehealth is the combination of electronic information and telecommunication technologies like video conferencing and forward imaging, etc., to provide services to patients, health care professionals and administrators. It helps minimize the barriers of time and distance between patients and facilitators, especially in the times of crisis. How so?
By unleashing the opportunity whereby patients and customers can access medical care via novel communication and information technology. While the pandemic has spread its effects brutally and patients and customers are looking for ways to adhere to social distancing then eCommerce is not left behind. eCommerce has stepped into the healthcare industry. This outbreak has given more reasons to the eCommerce sector to establish online platforms for pharmaceuticals.
Customers have the liberty to purchase healthcare products within no time. Giving medical consultation and issuing prescription, handling medical queries and providing medicines to patients swiftly through an online medium would be another benchmark of eCommerce. These services in return would double up an online demand of healthcare services by referral marketing.
4- Stay-At-Home Orders
One knows that recent times are demanding quarantine and social distancing. To practice it for a long time suggests to cut down market visits for shopping.
Then what? Online shops got your back. Stay home and stay safe while fulfilling the life requirements through eCommerce stores.
Stay-at-home orders ensure the mandatory protection during the pandemic; provided the delivery personnel follow Covid-19-related SOPs. So, the chances of virus transmission get minimum in online purchasing. Receiving orders as per expectations without leaving your comfort zone is a luxury during pandemic – making people go for it on a repeat mode.
In a nutshell, pandemic benefits the eCommerce industry at multiple fronts – web traffic, consumers, sales and revenue graphics moving up.
The eCommerce industry within the time of uncertainty has served greatly and keeps its endeavors enthusiastically up to meet the forthcoming challenges. Order delivery at your doorstep has eased out the life and with more of its growing trend your investment in this business will pay off. Undoubtedly, online shopping behavior could vary, but definitely it has been scaled up during the pandemic.