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#Forecast2021: E-commerce industry set for a massive uptick
Covid2019 pandemic poked a hole in time and the global e-commerce industry just sped through it
07 Jan, 2021 - 08:33 AM IST | By Mansi Sharma
NEW DELHI: Remember the good ol’ days when we could go to the corner store and buy essentials without fear of catching some newly fangled disease? All that changed with the outbreak of the novel Coronavirus. Lockdown was imposed, and only a minimal number of mom and pop stores and modern trade outlets were allowed to open with a specified in-store limit. This led to the quick adaptation of digital medium by people for fulfilling their daily needs. The adaptation was so fast and in such huge numbers that many of the companies did not have the infrastructure ready to cater to such a high need. For instance, online grocery players were working overtime to deliver orders, yet in the early days of the lockdown, there was a delay of nearly three to five before on
More consumers, more innovations defined the year for the industry
28 Dec, 2020 - 08:43 AM IST | By Mansi Sharma
NEW DELHI:
It was more than a decade-and-half long journey for the e-commerce industry in India to grow from a ticket booking platform to an offeror of everything - from a needle to a car - online. The initial hurdles of low internet accessibility, pricey data charges, and lack of trust were vaporised by Reliance Jio in 2014, giving a major boost to the industry. And then came 2020 and the much spoken about coronavirus, that made e-shopping more of a necessity than an option for almost all on planet earth. It has been said by many and trusted by all that what 2020 did for the digital and e-commerce industry, wouldn’t have been possible to happen in the next five years or so. Here’s an overview of what all went down in 2020 that made e-commerce a stronger and stiffer chap, giving a tough competition to the offline retail stores that