The interchange of electronic data and teleshopping in 1970 paved the way for this current trending e-commerce business, which is a most demanding platform for satisfying the customer’s needs in every way. However, the current pandemic situation initially caused a decline in the market due to lockdowns, as authorities imposed restrictions on eligible items to essentials. Also, the lack of physical movement directly affected deliveries, impacting the potential for Post-COVID E-Commerce Growth.
Based on a study on e-commerce and COVID-19 customer behavior, 52% prefer avoiding grocery stores, while 58% find online shopping easier and safer. This blog will discuss pros and tips for starting an e-commerce business.
Let us now understand what are the e-commerce business that can be benefited post COVID-19.
Business That Can Be Benefited Post Covid-19 – eCommerce platform
1. Edtech:
Amid the current pandemic situation, many educational institutes have temporarily closed, posing a challenge for higher authorities to train students in their respective grades. To bridge the gap between faculties and students, they are utilizing online learning platforms to meet their requirements.
2. Medical:
Post COVID 19, people get more conscious and continue to adapt to a healthy lifestyle. So, there is a massive demand for nutrition and wellness products. Currently, disinfectants and sanitizers are making enormous demand and have been in the highest sale. Also, products such as fitness tracking gadgets and applications that help in monitoring health check-up are in need too. People are preferring to going online for purchasing the medicines and other pharma equipment as they find it to be the most accessible way to get their requirements without stepping out due to the current situation.
3. E-retail:
People sell the daily needs of every individual online as they find it challenging to step outside during these days due to the current pandemic situation. Earlier, online purchasing of grocery and daily needs was a choice for everyone who finds the platform more comfortable and less time-consuming. But, now people all around the world find this online E-retail as the safer way of getting all the grocery and household items in less time in a more convenient and secure way, as retailers are taking the utmost care and hygiene during delivery of products.
4. Gaming and OTT:
During quarantine, gaming and video streaming companies captivate users’ attention. With isolation, people are drawn to movies and series, while children indulge in gaming. Disney’s Hotstar, with over 400 Million monthly active users, dominates the Indian market. So, going further people get more engaged with online entertainment platforms and social engagement activities.
5. E-Logistics:
Earlier, when authorities issued the lockdown, the logistic business experienced a drastic decline. However, with the emergence of e-retail businesses, it became a boon for the logistics sector, with countless orders needing delivery worldwide. As a result, logistics companies are still in high demand.
Conclusion:
Many pandemic situations led businesses to discover innovative business ideas to overcome those unpredictable conditions, and at the same time, it is pros for few and cons for others. In this blog, we have discussed a few e-commerce businesses and their growth post-COVID-19, focusing on Post-COVID E-Commerce Growth.
Krify, with its team of professional experts, is renowned for developing robust mobile and web applications. At Krify, we excel in developing flawless e-commerce websites by understanding our customers’ business requirements. If you are planning to start an e-commerce business, we are here to assist you more.
