Growth Of Ecommerce Marketplace in Pandemic Times
We are witnessing the effects of the coronavirus pandemic in every sphere of our life. The attack of the catastrophic virus has drastically changed the way we interact, view, and engage in our day-to-day life. Most of the companies have experienced negative impacts due to COVID-19 like disruptions in the supply chain.
However, Global e-commerce sale is increasing post due pandemic outbreak.The pandemic has changed the face of business. The disruption across a multitude of sectors lead to the reliability on e-commerce marketplaces pivotal for their expansion. Various e-commerce platforms are B2B, B2C, and brick and mortar have realized the impact of coronavirus on their business in one form or another. Online platforms such as Amazon, eBay have all experienced tremendous growth this year.
Now, many e-commerce markets opt for an e-commerce marketplace. The localized market reserved for brick and motor stores has gone global with sellers and consumers finding similar products online. Huge online marketplace sales have generated double revenue. By utilizing the right logistical tools such as customer relationship management (CRM) systems, web apps, cognitive supply chain management, the expected sellers can continue to capitalize on the global market which is growing at a fast rate. The merchants do not need to match with the consumer behavior preferences that are now quick and efficient as the e-commerce trend is increasing.
Ecommerce is becoming one of the most popular modes of shopping in India due to increased customer adoption from last 12 months after the pandemic outbreak. Despite the opening of local markets, retail stores, and malls over the past few months show that consumers who used e-commerce services during the past year are continuing to use them.Almost half of the consumers now prefer e-commerce websites and apps for their shopping and 18 % prefer getting goods delivered home from their local retailers.
Ecommerce Scenario in India
Ecommerce Scenario in India
