India’s 21-day lockdown may have thrown up an opportunity for online grocers to shine, but the rest of the e-commerce industry is drowning in the Covid-19 tsunami. We are seeing equitable shutdowns of e-commerce operations globally. While online shopping may benefit in the short term, supply chain issues and uncertain consumer demand could dampen the e-commerce outlook. Few factors that are disrupting the e-commerce companies are a disruption in the China-driven supply chain, the slowdown in investments, the decline in consumer spending and a focus on profitability.
Coronavirus is shaking up business and consumer behavior on a massive scale as both the public and private sectors are scrambling to slow the spread of the illness and contain COVID-19 infections.
TEcommerce activity, particularly related to health and grocery, is booming On the other hand clothing, travel , movies booking etc have been majorly impacted. There are a lot of unknowns right now: how far the coronavirus will spread, how the market will respond, and what the overall impact of the pandemic will be worldwide. Though no one truly knows what will happen, these predictions will give sellers an idea of what to expect.
Let me know your views on Impact of Covid 19 on ecommecrce Companies.