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Updated by Desertcart Oman on Jul 08, 2020
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Understanding the COVID-19 effect on Online shopping trends

The COVID-19 situation has altered the face of the global economy and the changes will probably continue until the very end of the virus’s existence. Countries are under lockdown and various sectors necessary to normal daily functioning are facing immense financial pressure to keep going.

Experts have predicted that economies might come to a standstill unless the global market is boosted in ways other than the traditional methods. : https://jasminndme.wordpress.com/2020/07/08/understanding-the-covid-19-effect-on-online-shopping-trends/

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Did panic buying last till the date? And what Covid left the overall effect on online shopping trend? Lot of observat...

Did panic buying last till the date? And what Covid left the overall effect on online shopping trend? Lot of observat...
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The rate of global online shopping has increased by almost 14% in a trifling span of 3 months

Panic shopping of certain consumers has accounted for the colossal increase in this rate as it also has the eccentric shopping habits of the masses due to the pandemic. Most of the South-east Asian countries recorded an increase of more than 50%, owing to the stricter lockdown and diligent curfews. This has depicted that the online markets are and can be relied upon in times of crisis.

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The total amount of monetary loss documented is at their all-time low, owing to clean and effortless online transactions

Pandemic shopping certainly has its perks! Though there are scenarios of panic shopping and hoarding unnecessary items, the losses incurred via falsified payments or frauds are quite low as the efficient online transaction system has stepped over. This can render the consumers much more comfortable with the online shopping scenario and pave the way for a global connection via e-commerce.

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Panic shopping has set new priorities and certain perspectives are being molded

If one was to compare the previous needs and wants of consumers with the recent list, they would establish a marked difference of adjustment between both. Most of the online shoppers used to categorize items of interest by quality, price, and brand value. This has changed to the extent that consumers check the availability of the product over the brand value and price over the quality. Panic buying has people spending more on certain essential items, whatever might be the brand or company.

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Certain sectors faced immense losses while others documented massive profits

Pandemic shopping has converted the global online markets into a play of extremes; there’s no middle ground. Grocery items and healthcare products were repetitively occurring elements. Technological applications providing these products online were frequently visited by consumers, marking an impressive record of online traffic. Certain shopping habits, unique to the situational crisis made travel, educational services; accommodation, and transportation sectors plummet to an all-time low activity.

Understanding the COVID-19 effect on Online shopping trends – Jasmin nd Me

The COVID-19 situation has altered the face of the global economy and the changes will probably continue until the very end of the virus’s existence. Countries are under lockdown and various sectors necessary to normal daily functioning are facing immense financial pressure to keep going. Experts have predicted that economies might come to a standstill…