The Covid-19 pandemic has accelerated the adoption of e-commerce around the globe. It has intensified a “catching-up” process in e-commerce growth among countries.
Despite the undeniable effects of the pandemic on different industries, e-commerce was able to stand firm and opened many opportunities for people. Since everyone is stuck at home and the only means they have is online, the massive growth in e-commerce has been dramatically magnified and highlighted in the Philippines during the Covid-19 pandemic. This was also why e-commerce had been a flexible solution for both businesses and buyers.
The Covid-19 pandemic has been a challenging event in 2020. Some businesses have to shut down, and some have to transition from traditional to online. Still, because of e-commerce’s flexibility, accessibility, and adaptability, some companies choose to shift to this type of business and survive this challenging event.
If you are wondering if e-commerce is a great industry to enter—the answer will always depend on your ability to market. This is a risk you have to take, so you need to be prepared for it.
If you want to learn more, why you should start your own e-commerce business now, you can watch this YouTube video in which the competitive advantages of e-commerce were discussed.