During the corona virus covid-19 pandemic all over the world,the one sector or industry that is seeing top growth in revenues and sales is “e-commerce industry”.The reason for this is people in different countries are in lock down stage.The public transportation and major supermarkets and malls are closed.The only one option that also limited to buy things like basic essentials and healthcare supplements is online e-commerce stores.
Top reasons why e-commerce industry will grow after covid-19 pandemic are
Change of consumer behavior
People are already using e-Commerce before covid-19 also,but last 6 to 8 weeks the dependency of ordering food,grocery items and other essential items has tremendously increased.This habit of 6 to 8 weeks will turn consumers follow the trend even after covid-19 pandemic.The consumer buying patterns will change and they think about saving time and gas by ordering through online e-commerce stores.
Change of Buyer Priorities
The buyers or consumers priorities are changed during lock down.People realizing what is important in their life and obviously their buying patterns will change.Instead of driving long distances or outside for buying essential items they order online and save lot of time and money.Consumers like to spend their time with family and friends instead.
Many new e-commerce companies are born
With the unemployment rising and hitting the high records,some people have started online e-commerce business.Now with the latest technology,anyone can start their online business within 10 minutes are so.The growing number of e-commerce companies and online stores,consumers will have many more categories to buy and select what best works for them interms of pricing,delivery etc.
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