Corona Virus Lockdowns give major boosts to E-commerce

E-commerce

Highlights :

Corona Virus Lockdowns give major boosts to E-commerce
E-commerce grew 41% in only 3 months
The pandemic transformed retail habits

In the Covid economy, there are winners and losers. E-commerce giants such as Amazon, show rising profits and sales but traditional retail outlets have been shedding jobs by the thousands.

While the large traditional stores announce big layoffs because of the pandemic, sometimes shedding thousands of staff, corona virus lockdowns have in contrast given e-commerce a major boost.

Recent data shows a shift to shopping online - according to Kantar consulting group, international e-commerce grew 41% in only 3 months compared to 22% growth for 2020 as a whole to date, as the pandemic transformed retail habits.

The trend was brought into sharp relief on August 18, when British High Street mainstay Marks and Spencer announced it was culling 7,000 staffs.

Hours later, in contrast, online behemoth Amazon said it was hiring 3,500 in the United States.

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