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Showing posts with the label COVID-19

Effect of COVID-19 on Online Shopping Behavior

It is likely to say that COVID-19, one of the defining events of 2020, will have significant implications on business and consumer behavior. The situation is changing rapidly. We can notice that restaurants, theatres, bars, gyms, etc. have been shut down. Meanwhile, other organizations and office workers are facing challenges in working remotely.  This situation is making the world interconnected with their realities to feel how everyone is living. However, the approach to isolation and uncertainty changed the shopping behavior of consumers, which switched from brick n mortar stores to online shopping. Since non-essential business is closed or available for limited shopping, therefore brands and e-commerce giants like Amazon, Walmart, and Target are taking the necessary measurements to overcome the challenges and making it flexible for the customers to shop online. The situation of Panic Buying - After hearing from the World Health Organization regarding pandem

Best E-commerce Store Strategies to Adapt during COVID-19

E-commerce always seems to be in a pretty good spot during coronavirus. After all, shoppers can't go out much and will buy more online, but it's not that easy. Since the impact on brick and mortar retail sales and online sales varies as per the business line.  Let's see Coronavirus Online Sales Trends - Food & Beverage - This product line is almost up by 25% Baby Products - More than 200% of sales urged on weekly and 600% of sales monthly by March 30, 2020 Apparel and electronics are not getting high sales or all down The Impact of Coronavirus and E-commerce - In the initial days of social distancing and shut down stores, eCommerce has proved out to be essential. Unfortunately, moving ahead with the closure of non-essential business has lead to a high unemployment rate, which impacts the sales of the industry. However, it is difficult to predict the exact sales ratio due to consistent change in the shopping behavior week over week. A Stre

How the Pandemic Outbreak Helped the Brands Rebuild Strategies

The coronavirus outbreak is a global emergency that is escalating and making the conditions worse. A human tragedy that has changed the dynamics of the work culture and forced lockdown of many countries have shifted the J-Curve of the economy right downward. Many countries have been slashing transportation and the working culture completely to take the situation under control. WHO has declared this outbreak a pandemic emergency across the globe, and lockdown & social distancing are the only two options left with the citizens to control the widespread virus. COVID-19 has not just shaken up the business but also the consumer behavior on a large scale. Both the private and public sectors are trying their best to slow the spread of the infection, knowing the increasing numbers of infected cases daily.  How is the Coronavirus a benefit for some industries? This outbreak came to be a source of benefit for some of the leading industries. E-commerce industry and Remote work cultur

Navigate The Transition To Remote Work During Pandemic

With the severe issues of COVID-19 , businesses have a significant impact on all sectors. More and more companies are moving to remote work culture for a smooth transition of work, keeping the health measures in mind.  The remote working practice is also increasing due to social distancing all over the cities and countries. The businesses have to suffer for a while because of the low supplies from the manufacturers. However, making short term money with safety precaution items like hand sanitizers , masks, etc. will not make you a good entrepreneur exploiting the coronavirus situation. Its time to utilize in a remote culture , which can let you analyze with the trial and error basis to reduce your extra workload in the panic situation. We all know a graph bar goes down with an excellent opportunity for everyone to raise high in the coming days. Patience is all you need here to support the economy, employees, and the situation. Ecommerce giants like Amazon, eBay &