Electronic Commerceresearch report

Global Review Report From Covid-19 and e-commerce

The following is the Global Review Report From Covid-19 and e-commerce recommended by recordtrend.com. And this article belongs to the classification: Electronic Commerce, research report.

In the context of slowing economic activity, covid-19 has led to a surge in e-commerce and accelerated the digital transformation. With the epidemic blockade becoming the new normal, enterprises and consumers are increasingly “digital”, providing and purchasing more goods and services online, and increasing the share of e-commerce in global retail trade from 14% in 2019 to about 17% in 2020.

Recently, the latest report “covid-19 and e-commerce: global review” released by the United Nations Conference on Trade and development reflects the strong global and regional industry transformation recorded in 2020. Volkan bozkir, President of the general assembly of the United Nations, said in the event of issuing the report that the trend of e-commerce may continue in the whole process of recovery from cowid-19. “We need to recognize the challenges and take measures to support governments and citizens to continue to accept new ways of working,” he said

Isabelle Durant, Acting Secretary General of the conference, said: “businesses and consumers who are able to go digital have helped ease the economic downturn caused by the pandemic. But they have accelerated the digital transformation, which will have a lasting impact on our society and daily life, and not everyone is ready for it. ” “Developing countries should be not only consumers, but also active participants, and thus producers’ digital economy,” she added

According to the report, e-commerce in various regions is developing strongly, and consumers in emerging economies are most likely to switch to online shopping. For example, the online market in Latin America, Mercado Libre, doubled its daily sales in the second quarter of 2020 compared with the same period last year. Jumia, an African e-commerce platform, reported that in the first six months of 2020, the volume of transactions increased by 50%. Between August 2019 and August 2020, China’s online retail share increased from 19.4% to 24.6%. In Kazakhstan, the share of online retail has increased from 5% in 2019 to 9.4% in 2020. In March 2020, the number of downloads of shopping apps in Thailand increased by 60% in just one week. During the recovery period, the upward trend of e-commerce in 2020 is likely to continue, the report said.

But in many of the world’s least developed countries, consumers and businesses have yet to take advantage of the e-commerce opportunities triggered by the pandemic due to persistent barriers. These obstacles include expensive broadband services, over reliance on cash, lack of consumer trust, lack of digital skills and limited government attention to e-commerce. ” In a digital economy, countries that exploit the potential of e-commerce will benefit better from the global market, while those that fail to do so are likely to fall further behind, “said shamika n. Sirimanne, director of technology and logistics at the United Nations Conference on Trade and development.

The key global policy challenge raised in this study is that greater efforts need to be made to help reduce the current inequality in electronic trade readiness among countries. All stakeholders – governments, businesses, consumers and international development partners – have a responsibility to ensure that e-commerce plays an active and strong role in national and international recovery efforts, and resources should be invested to achieve this goal.

The pandemic also demonstrates the importance of ensuring consistency in international efforts and avoiding duplication. Over the past four years, e-commerce for all has demonstrated the potential for value-added cooperation, especially in the least developed countries. The initiative will continue to play its role in advocating relevant policies and guidelines, supporting the assessment of national e-commerce environment, and promoting cooperation between national and international stakeholders to maximize synergy and promote e-commerce for development.

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