This pandemic has changed our life in many aspects. It has brought a lot of changes to our day-to-day lives. For example, the people who were afraid to buy important stuff online because of cyber theft and fraud have also started buying things online.
We were not supposed to step out of the house as per the government guidelines to stay safe. So it became compulsory for all of us to buy essential things online to stay safe in our homes. Each and everything we need is available online, so there is no need to move out of the house.
Because of the increase in usage of eCommerce stores, the demand for eCommerce stores has increased. For developing an eCommerce store, Magento is the best platform to develop any of the eCommerce stores. As the demand for eCommerce stores increased, the competition between Magento development companies also increased to develop a bug-free and unique eCommerce website.
People trusted online stores because they were safe to order something, and stores also provided contact-less delivery or door-step delivery. As a result, we people can come in less contact with the outer people.
Impacts of the pandemic on eCommerce
- Ecommerce sales
- Amazon data & traffic
- Boost in buying online
Ecommerce sales have increased during this pandemic comparing to the past years. As a result, e-commerce stores have benefited during this pandemic. Sales are rising gradually day-by-day, and there is no end to this.
Consumers have shown a great interest in shopping online, so the sale has increased a lot. This pandemic has accelerated the sales of all the eCommerce stores, whether it is a grocery store, a clothing store, or a medical store.
Many small businesses have also got benefits because they changed their offline stores to eCommerce stores.
In the first half of 2019, the sales were minimal, but coming to the second half, the sales have boosted their records.
Amazon data & traffic
Amazon was already in demand even before the pandemic, but now they can see increased traffic growth even when people are staying at home.
The traffic is doubled compared to the year back. It is essential to note down the traffic to see the changes in the traffic value of the site. Amazon is one of the primarily used eCommerce stores whose growth is naturally increasing.
The customers of amazon spend around $11,000 every second.
Boost in buying online
As the growth of eCommerce is increasing, many shopkeepers promise the customers to provide cheaper products. However, the cost of the product related to the last stage of delivery and return can affect the margins of the shopkeeper.
A new digital initiative that has come to the market is Buy Online, Pick up In-Store known as BOPIS; this has become a key during the pandemic for the buyers.
Many online retailers have decided to extend the coverage of Pickup locations. For example, Walmart has enabled customers to collect online orders from FedEx.
Covid has given a new challenge to many online business owners. We have noticed a much-growing concern that is regarding people and companies who are disclosed to financial risk. From loss in profit to a loss of employment, the pandemic has influenced all areas of life and business.
But still, the company is in an excellent position to benefit from the shift in consumer behavior that the outbreak can generate. However, this is the simple time for all the companies to shift their focus instead of panic.
In this blog, I have mentioned some of the impacts that are caused due to this pandemic. Many Magento development companies are looking forward to developing an eCommerce store. Nevina Infotech is one of the best Magento development companies that can help you develop your eCommerce store. We have the best team to develop your eCommerce store as they are well-trained and experienced.
Rahim makhani, CEO and managing partner at Nevina Infotech, Enterprise Web App & Mobile Application Development Company, helps global businesses grow by the internet of things development.