It has been well documented that the coronavirus pandemic has made a dramatic changes to consumers’ behaviour. With lots of retailers having to close their stores, people are turning their attention to e-commerce. Will this growth in e-commerce continue in the post-virus times?
The e-commerce growth trend was already happening before the pandemic, with the online retail sector growing eight times faster than the brick-and-mortar market. E-commerce in New Zealand was forecasted to grow more than 20% to $9.7 billion in 2023, according to a report from EFTPOS provider Worldpay. Many economists and advisers are expressing strong belief that COVID-19 will precipitate an even more rapid increase in e-commerce activity.
More online shopping
In a recent Forbes article, “9 Future Predictions for a Post-Coronavirus World,” Bernard Marr, strategic business and technology advisor to governments and companies, notes: “After COVID-19, businesses that want to remain competitive will figure out ways to have online services even if they maintain a brick-and-mortar location, and there will be enhancements to the logistics and delivery systems to accommodate surges in demand, whether that’s from shopper preference or a future pandemic.”
The scope of industry-specific growth
Cash all but set to disappear; mobile payments are the future
Use innovation to grow your business
COVID-19 might be taxing our systems and patience, but it’s also building our resilience and driving us to develop new and innovative solutions out of necessity.
Implementing e-commerce as part of your business strategy might be the right step forward.
We are currently running a special on e-commerce websites starting at $1500 + GST.
Please get in touch to discuss the right solutions for your business!