Cennos, Inc.
  • Core Services
    • Product Content
    • Imaging
    • Editorial Content
  • Advanced Services
    • Paid Marketing and Analytics
    • Price Matching Market Research
    • Invoice Reconciliation
    • Dedicated Project Consultant
  • Who We Are
  • Contact
  • Particles
  • Core Services
    • Product Content
    • Imaging
    • Editorial Content
  • Advanced Services
    • Paid Marketing and Analytics
    • Price Matching Market Research
    • Invoice Reconciliation
    • Dedicated Project Consultant
  • Who We Are
  • Contact
  • Particles

Ecommerce in the COVID-19 Era

1/28/2021

0 Comments

 

The Year ‘Viral’ Gained New Meaning


Rounding the corner into the second year of a near-complete disruption in every facet of life, the COVID-19 virus is still on pace to wreak havoc. Nary an element of public and private interests has been shaken to the core, with forced quarantines and stay-at-home orders, business closures, pared down access to essential services, and education interruptions.
The good news is a recent release of long-awaited vaccines that experts say will begin to slow the spread in a significant way. The not-so-good news seems to reflect resistance among a substantive number of skeptics who, for one reason or another, may not partake.

Overall, we are heading in a good direction. And if you are engaged in online commerce, you should feel relieved to discover that the uptick in ecommerce business that began last year is likely to continue. Some smaller entities experienced a noticeable increase in sales, while major retailers and top brands grew exponentially. Market analysts believe the ecommerce industry is the most prolific beneficiary of the COVID-19 debacle, with penetration rates exploding from their current level of 15 percent to 25 percent by 2025.
​
This did not happen in a vacuum. As consumer habits and preferences have evolved over time, many have enjoyed the convenience of digital shopping. Not only has online commerce become more and more popular, but using a device to find and purchase goods has become one of the most popular activities conducted online. Ecommerce sales are projected to grow from $1.3 trillion in 2014 to $4.5 trillion in 2021. This increase can only be considered revolutionary.
Picture

​As this global pandemic has forced restrictions to public activity, essential and non-essential buying over an electronic device effectively forced consumers to become comfortable with digital commerce. This trend has spread across demographics of age and region, making it prolific and noteworthy. In response, wise online merchants have prioritized improving website navigation, presentation, and ease of use. Though major brick-and-mortar retailers have developed or improved their own online platforms, their customer base has not significantly grown. Put another way, their loyal customers who once shopped from their physical shelves are now using their websites to place orders.

That leaves a lot of room for the smaller independents. Google searches still return top hits of the big players, but smaller shops that have mastered the art of SEO (Search Engine Optimization) have had success in attracting interest. Niche, boutique-themed merchants have had remarkable success in meeting needs not filled by large national retailers. There are drawbacks, as with anything – profit margins will naturally adjust downward after factoring in extra costs of shipping, and processing returns. That said, part of conducting a successful business is anticipating and readying for contingencies. If you become proactive and build these factors into an operational strategy, you may still realize that there is a silver lining to one of the most devastating global phenomena of our lifetime.
0 Comments



Leave a Reply.

    Archives

    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    July 2016
    May 2016
    April 2016
    February 2016
    January 2016
    December 2015
    November 2015

    Categories

    All
    Accessibility
    Ads
    Amazon
    Analytics
    Augmented Reality
    B2B
    Best Practices
    Branding
    By Alexa
    By Jan
    By Jessie
    By Joe
    By John
    Chatbots
    Color Of The Year
    Content Marketing
    COVID19
    Data Protection
    Decor
    Delivery
    Digital Marketing
    Eco-friendly
    Ecomm
    Ecommerce
    Editorial Services
    Email Marketing
    Facebook
    Finance
    Google
    Green Commerce
    Holidays
    Instagram
    IRCE
    Las Vegas Market
    Misc
    NRF
    Outsourcing
    Pantone
    Payments
    PayPal
    Pinterest
    Productivity
    Product Services
    Q&A
    Retail
    Seo
    Shipping
    Shopify
    Shopping Cart
    Social Media
    Social Media Marketing
    Style Spotlight
    Supply Chain
    Sustainability
    Tips And Tricks
    Tools
    Trends
    Twitter
    Usps
    Voice Search

Core Services
Advanced Services
About Cennos
Blog: Particles
​
Contact
© COPYRIGHT 2020. ALL RIGHTS RESERVED.