An Overview Of Coronavirus Global Effects:
Coronavirus is a ‘Buzzword’ in the present economic world. It has changed the face of the economy. Moreover, it causes a major economic disruption in the world. Some giants companies like Dow Jones, The FTSE, and the Nikkei have experienced a drastic fall in the sales. Moreover, Investors fear that coronavirus will engulf the economic growth and crush the backbone of the world economy. Hence, central banks in many countries like the United Kingdom alleviated interest rates. Besides, the outbreak of coronavirus has brought a negative impact on the travel and tourism industry, e-commerce industry, shopping as well. Finally, Crude oil price has followed a dramatic downturn trend since the outbreak.
Preparation For The Next Phase Of COVID- 19:
Due to the lockdown for a couple of months, Cost-conscious consumers have shortened their budget on unnecessary products and focused on emergency products like, grocery, medicine, etc. Hence, Retail and e-commerce industry are experiencing a downturn flow. To cope up with the present dire situations of COVID-19,
How to grow E-Commerce & Retail Industry during and after corona:
According to the data from Quantum Metric, e-commerce industry has recently experienced an average surplus growth rate of 52% in weekly sales and 8.8% surplus in conversion rates compared to the previous year. So, it is clear that e-commerce and retail business are booming during this pandemic. People fear to go outside for shopping as they might be infected. Therefore, People are moving to online retail with longer delivery windows. Thus, this tendency of the consumers has a very positive impact on the retail and e-commerce industry . Covid 19 has uprooted many lives and kept the world economy in ICU. To navigate with this dire situation and grow during and after corona, e-commerce & retail industry have rendered some outstanding steps for the mass people amid the current COVID-19 shutdown.
Product Photo Editing:
A picture conveys a lot of messages towards the customers. At present world, Retail and e-commerce industry all over the world uses product photo to describe a lot about the products without any words. To sell the products online, never forget to use images. To make your customers convinced to purchase your products, learn to use extra-ordinary photographs in stead of the ordinary ones. Product Photo editing is a part and parcel of every online store after e-commerce Product Photography. E-commerce and online store have to manage a bulk amount of images that take a lot of time for editing. It takes a huge effort even for a single image editing. To relieve your hassle, we are here to ease your effort with our expertise.
Home-Delivery Service:
Almost the whole world is in quarantine. People are inside the home and aren’t allowed to go outside except any emergencies. Therefore, e-commerce industry can come into operation with home-delivery service. People are purchasing products online and receiving those without going outside. As a result, e-commerce industry is expanding its revenue volume and growing its size.
Discount Offer:-
Thousands of people are losing their jobs and many people are on the queue. Many business organizations can’t pay the due salary to their employees due to the slack in businesses. But, people can’t go underfed; they need to purchase foods more or less for their subsitence. What if they get the rebates on their daily commodities? I am pretty sure It will be satisfactory for them during this lockdown period. Most e-commerce companies are selling their products with rebates more or less to encourage the consumers to buy more and more. Clipping Photo Experts provide 42% Discount offer for new customer photo editing and retouching services.
Payment System:-
Physical meet is strictly forbidden during this pandemic as this virus is contagious an it can transmit from one person to other. Health experts and physicians have asked to maintain social distance. As a result, e-commerce companies pave the way to online payment instead of any kind of physical contact with the delivery men.
Free And On-Time Delivery:-
During this pandemic, Consumers order for products online and expect them to receive in due time. As experts and physicians have asked to wear gloves, face shield, and mask. Consumers could order these types of necessary products. So, E-commerce Company can arrange all the things that ensure the delivery on time. Moreover, if the delivery charge is free during this crisis, Consumers will attract with the facility and intend to buy from online store.
Abundant Stocks:-
E-commerce industry has to ensure the proper supply of the desired products. If any consumer fails to purchase the desired products, he will not move for further buy. So, e-commerce owners always need to be aware of the sufficient stocks.
Fresh Foods And New Products:-
Fresh and new foods are necessary for sound health and body. E-commerce industry is selling fresh foods to the customers. They are replacing old items with new ones regularly. Moreover, 9E-commerce industry is encouraging the consumers not to purchase rotten foods as they are injurious to health.
End Note:-
Covid 19 is the biggest headache for the world economy. The world economy is dying due to the outbreak of this pandemic. However, People are trying to revive the economy through many ways. Out of them, Retail and e-commerce industry plays a vital role to boost up the world economy.
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