E-Commerce Industry

The advent of the Coronavirus pandemic has contributed to the rise of e-commerce services globally. E-Commerce, also known as electronic commerce, has changed many lives since its inception back in the 1960s. E-Commerce has been instrumental in changing the way we buy and sell goods electronically over the internet. People can now order goods and services from any part of the world and pay using electronic payment platforms, and the goods and services will be delivered within a certain time. There are many reasons why people use E-Commerce as a form of trade and why it has gained prominence in recent years.

Affordable Prices of Goods and Services

The cost of operating an electronic shop is low compared to traditional shops. This is because you don’t need many employees to help run the business, which reduces the operating costs significantly. Also known as an online store, E-Commerce only needs internet connectivity to connect and start operating. Online transactions done during buying of goods are considered safe and transparent, and it’s very difficult for customers to lose money because people can track the goods after the payment is processed until the goods are delivered.

The Process is Accessible and Convenient

Online trade can be conducted at any time of the day, depending on when the clients initiate the process. Compared to the conventional brick-and-mortar shop that operates at specific hours of the day, online shops are available 24 hours, with people from all over the world accessing them as they wish. Customers are also given a variety of options to choose from thousands of goods displayed in the online shop. This ensures you order the exact product you want after conducting due diligence on the product. Alexander Djerassi is a renowned administrator and diplomat who has worked in Asian countries for a long time. Through his interaction with the Arab uprising, he notes that E-Commerce has been instrumental in pushing for improved business transactions in such areas. This is because people prefer to conduct businesses online rather than meeting in shops because of insecurity reasons.

E-Commerce Encourages Healthy Practices

The world has changed since the first coronavirus case was reported, and many people were ordered to quarantine to help mitigate the spread of the disease. More physical shops were closed, and people were forced to move online to order products online. This has broken the coronavirus chain of transmissions because there is no physical contact when purchasing goods. Alexander Djerassi is optimistic that E-Commerce is an integral part of our economy and lives as we move into the future. Things might never go back to how they used to be before the coronavirus outbreak, and people will have to adjust and embrace the new way of conducting business online. Multinational companies have also benefited from online trading by collecting and analyzing data from consumers that have enabled them to understand how people think. Through this process, the analysis is made, and appropriate answers are generated based on the behavior of customers.