Ecommerce sales are up, and shipping carriers such as USPS, UPS, and FedEx have responded admirably to demand in the face of coronavirus-induced shutdowns and restrictions.
“From the perspective of merchants, we’ve seen a large spike in overall volume,” said Mario Paganini, head of marketing for Shippo, a company that makes shipping integration software.
“Ecommerce is a rare bright spot amid challenging economic times. We’re seeing more traditionally offline businesses moving online along with increased order volume from existing ecommerce businesses,” Paganini said.
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E-commerce orders gradually scaling back to pre-lockdown level: Industry executives -
Sales of non-essential items on e-commerce platforms in the first week of May were lower than last year on account of lockdown, but orders are scaling fast with people buying apparel, smartphones and grooming products among other items, according to industry executives.
E-commerce companies have been permitted to sell all items in orange and green zones starting from May 4, 40 days after the nationwide lockdown was imposed on March 25.
In the first two phases of the lockdown, e-commerce companies like Flipkart, Amazon and Snapdeal were allowed to sell only essential items like grocery, medicines and healthcare products.
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e-commerce: E-commerce marketplaces see low demand for non-essentials, Technology News,
Many things are taking place:
Silver lining for jobseekers as edtech, pharma, e-commerce, logistics sectors to continue hiring
Ecommerce Orders Surge In Tier 2 Cities On Lockdown Day 47 & More
With restrictions easing in green and orange zones in India, online orders of non-essential products have started to spike. While ecommerce companies are facing difficulties in fulfilling these orders as most of their warehouses and big sellers are located in cities in the red zone currently, many companies have started the delivery of non-essentials through their partners in Tier 2 cities and beyond.
A Snapdeal spokesperson told ET that the orders have reached 50% of pre-lockdown volumes within the last five days. Most of the orders on Snapdeal are coming from Panipat, Ambala, Udaipur, Valsad, Goa, Coimbatore, Visakhapatnam, Pondicherry, Cuttack, Guwahati, among other cities.
11 Best E-Commerce Stocks for Electrifying Returns
2020 is destined to be known as the year of the coronavirus, when "social distancing" and "WFH" became common parlance.
But for investors, we'll also look back at 2020 as a game-changing year for e-commerce stocks. For many of us, the COVID-19 pandemic quickly turned e-commerce from a convenience into a necessity, and changed how we do business, who we shop with and how companies operate.
"Whenever we have a recessionary period, disruption increases substantially. Individuals are losing their jobs and they have to make budget decisions," says David Yepez, lead equity analyst and portfolio manager at Exencial Wealth Advisors in Oklahoma. "What makes this unique is that we're in a recessionary period, but we can't leave the house, a lot of us. So it's even faster."
Namogoo Acquires Personali To Expand Its Range Of Solutions For eCommerce Growth
Namogoo will integrate Personali's AI-powered personalized incentives technology as part of the company's platform of customer engagement solutions for driving online business growth
Namogoo, the pioneer in Customer Journey Hijacking Prevention , announced today the acquisition of Personali, a company specializing in AI-powered behavioral analytics tools for personalizing in-site incentives and increasing sales. The strategic acquisition is the first of its kind for Namogoo.
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