Even before the coronavirus pandemic, ecommerce sales represented the bulk of overall retail sales growth in the US—$600 billion in online sales accounted for 56% of overall retail growth last year. GROWTH OF E-COMMERCE DURING COVID-19 9 2.1 Context: Growth of e-Commerce before COVID-19 9 2.2 Short-Term Impact of Lockdowns on 9 e-Commerce Platforms in 2020 2.3 Policies Adopted by e-Commerce Platforms to Incentivize Usage 13 3. 0000104772 00000 n coronavirus.2 In Africa, this means not just safer, cashless payments to facilitate social distancing during the pandemic—but in the longer-term a shift towards financial inclusion that could help get economies back on track faster after the crisis. And to stay ahead of the game and make informed decisions, there is data they need to look at. 0000120352 00000 n The monthly searches for products from these categories have doubled and sometimes quadrupled.Â, The sports gear’s biggest spike belongs to kettlebells searches that have risen four times just within one month. 0000097874 00000 n 0000002982 00000 n The demand within the global healthcare e-commerce market is growing on back of continuous advancements in the e-commerce industry and online sales of medication. In this article we analyze how COVID-19 is reshaping the market outlook for payments in Of the companies selling groceries, food and beverages, 0000001766 00000 n As consumers turn toward the internet for their healthcare needs, e-commerce vendors have introduced a new segment for healthcare. 0000002852 00000 n We will only use this email to respond to you on your feedback. Ultimately, e-commerce lives on … The current coronavirus (COVID-19) crisis is one that many of us feel underprepared for. However, we can spot some newcomers as well.Â. Today, we’ll highlight five of these accelerating trends. Since 52% of consumers are trying to implement social distancing, more people are now shopping online for a growing number of new product categories. trailer <]/Prev 584850>> startxref 0 %%EOF 72 0 obj <>stream H�\�݊�@��}��l/�V����������v�����o�)]��7N�an���k���*x0M�j����+6'>�.�Ǧn���ե�P���u���5]�e&������f���O�����[w6��m15aq����Ld����H���-/l±lv���3������l�q?�����ڗ�ҝ9�"Y����]��. 1.2 Definition and Categorization of e-Commerce Platforms 6 1.2 Study Scope and Limitations 7 2. 0000119297 00000 n 0000119804 00000 n Right now: Update your Google My Business page with the latest information on your business. It’s been said that COVID-19 has hit fast forward on a number of trends, from e-commerce to workplace culture. So, people start adapting to this “new normal,” and leisure/hobby categories are seeing the highest volatility at the moment. So let’s take a brief look at the product categories that are seeing the biggest spike during the coronavirus.Â, SEMrush’s data on eBay’s fastest-growing product categories proves the data we shared above. In turn, businesses understand that these changes are about to affect their entire business management systems — from supply chain to ecommerce adoption or expansion. CTR: -1.75% Below is a breakdown of each metric’s daily value along with week-over-week changes by day: So too was The New Consumers’ report from Rakut… This report covers the impact of the coronavirus (COVID-19) pandemic on B2C e-Commerce and online payments worldwide. 0000070748 00000 n The rest of the products are straightforward — Peloton, stationary bikes, and other exercise equipment.Â, You would expect to see air purifiers, freezers, and refrigerators to become more popular when people tend to stock up their houses with food and spend an unprecedented amount of time at home. In the U.S., consumers spent $211.5 billion during the second quarter on e–commerce, up 31.8% quarter- over-quarter, according to the U.S. Census Bureau. According to data compiled by invesp, “85 percent of all … You can read up more on market winners and losers throughout the COVID-19 pandemic in our latest post.Â, Stay-at-home order did not discourage consumers from thinking about fashion. 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