Discuss the impacts of covid 19 on ecommerce in develpoe countries

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Discuss the impacts of covid 19 on ecommerce in develpoe countries

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INTRODUCTION COVID 19 has affected movement behaviors, making people go online on social networking platforms, thereby promoting the development of online shopping When the Covid 19 epidemic took plac. INTRODUCTIONCOVID19 has affected movement behaviors, making people go online on social networking platforms, thereby promoting the development of online shopping.When the Covid19 epidemic took place and lasted for the past two years, the earth had to fight the epidemic from many sides: public health, economy, social management and tourism. That means socioeconomic activities must be temporarily closed, and people must comply with social distancing. Therefore, they adapted to a new normal life, spending more time online, leading to an increasing number of people using smart devices such as smartphones, laptops, and ipads, bringing ecommerce to consumers faster and more effectively.Although the income of most households has decreased significantly, in developed countries, the amount of money paid for ecommerce platforms tends to increase. This essay outlines how Covid19 has affected ecommerce in 3 developed countries: The USA, Japan and China. BODYThe USAAccording to new data from Adobe, “Americans spent 1.7 trillion online during the last two years of the pandemic”. Which is 609 billion more than it was two years prior to Covid (John Koetsier., 2022), indicating a 55 percent increase in online spending.Consumers in the United States spent 844 billion online from March 2020 to February 2021. Meanwhile, spending totaled 813 billion in 2020, up 42% from 2019 (Anett Erdmann., 2020). To put this 183 billion in context, Adobe points out that it is nearly the same size as the previous holiday shopping season, which saw 188.2 billion spent online between November and December 2020. According to the firm, this growth is expected to continue in the coming years, reaching 1 trillion by 2022.Many USA industries have benefited from the pandemic, which has propelled them years ahead of where their natural growth would have taken them otherwise.Consumers faced stayathome orders, nonessential retailers closed their doors, and inperson shopping was replaced by online commerce for many consumers due to this trend. According to the report, the pandemic caused a rare step change in online spending, equivalent to a 20% increase, which also stated that the effects would last even after the pandemic ended in the months ahead.

INTRODUCTION COVID-19 has affected movement behaviors, making people go online on social networking platforms, thereby promoting the development of online shopping When the Covid-19 epidemic took place and lasted for the past two years, the earth had to fight the epidemic from many sides: public health, economy, social management and tourism That means socio-economic activities must be temporarily closed, and people must comply with social distancing Therefore, they adapted to a new normal life, spending more time online, leading to an increasing number of people using smart devices such as smartphones, laptops, and ipads, bringing e-commerce to consumers faster and more effectively Although the income of most households has decreased significantly, in developed countries, the amount of money paid for e-commerce platforms tends to increase This essay outlines how Covid-19 has affected e-commerce in developed countries: The USA, Japan and China BODY The USA According to new data from Adobe, “Americans spent $1.7 trillion online during the last two years of the pandemic” Which is $609 billion more than it was two years prior to Covid (John Koetsier., 2022), indicating a 55 percent increase in online spending Consumers in the United States spent $844 billion online from March 2020 to February 2021 Meanwhile, spending totaled $813 billion in 2020, up 42% from 2019 (Anett Erdmann., 2020) To put this $183 billion in context, Adobe points out that it is nearly the same size as the previous holiday shopping season, which saw $188.2 billion spent online between November and December 2020 According to the firm, this growth is expected to continue in the coming years, reaching $1 trillion by 2022 Many USA industries have benefited from the pandemic, which has propelled them years ahead of where their natural growth would have taken them otherwise Consumers faced stay-at-home orders, nonessential retailers closed their doors, and in-person shopping was replaced by online commerce for many consumers due to this trend According to the report, the pandemic caused a "rare step change in online spending, equivalent to a 20% increase," which also stated that the effects would last even after the pandemic ended in the months ahead Japan As the Japanese step away from brick-and-mortar stores and toward online marketplaces, the eCommerce market in Japan is undergoing significant transformation Online retailers in Japan benefit from urban density, technologically advanced customers, developed economies, and the use of a single language for all purposes Furthermore, Japan's distribution channel is well-developed, and the country's small size makes shipping and product delivery much more accessible, boosting the e-commerce market in Japan (Laura gonzález., 2021) The e-Commerce market is divided into three sectors regarding business-to-consumer sales: merchandising, service, and digital In 2020, the combined value of these industries will be $180 billion COVID-19, on the other hand, had varying degrees of impact on each sector, ranging from halted foreign visitor travel to other service sector disruptions Within the merchandising sector of the food and beverage industry, there is continued growth and opportunities for U.S exporters Due to the ongoing COVID-19 pandemic and increased home dining, consumer purchasing habits have shifted to online transactions The sixth wave of COVID-19 and the newly imposed State of Emergency in Japan have limited or forced the closure of some physical stores The well-developed e-Commerce market in Japan and alternative payment platforms like PayPal, Apple Pay, and Amazon Pay will continue to drive growth in online purchases and household necessities like food and beverages China Industrial e-commence accounts for nearly 70 percent of the overall transaction scale of China’s e-commerce The proportion of e-commerce retail and service sector e-commerce, on the other hand, has increased, indicating a steady growth trend The Internet industry has concentrated on several trading scenarios where policymakers, capitalists, industry, and businesses can collaborate to help e-commerce generate massive transaction volumes (K.Clemons., 2013) Employees' scale also increases indirect employment as e-commerce deepens and penetrates—the trend of combining online and offline shows that the practitioners' scale has been steadily increasing China's e-commerce market will be worth 32.55 trillion yuan in 2022 (Jing Tan., 2021) It has also risen from 28.66 trillion yuan in 2019 to 32.55 trillion yuan in 2020, a 13.5 percent increase B2B e-commerce has a transaction volume of about 22.5 trillion yuan, e-commerce retail has a transaction volume of 8.56 trillion yuan, and e-commerce for the service sector has a transaction volume of 1.49 trillion yuan In general, the online shopping demand surge is sudden in the Covi-19 pandemic since it is transforming from in-store to online However, total consumption and demand have not increased The epidemic situation has promoted the development of e-commerce The high growth of the epidemic prevention materials category is short-term demand, which does not reflect consumers' real needs The Covi-19 pandemic's online shopping demand surge is unexpected because it is transitioning in-store to online Total consumption and demand, on the other hand, have remained unchanged E-commerce has grown in popularity as a result of the epidemic The rapid expansion of the epidemic prevention materials category results from short-term demand that does not reflect actual consumer needs CONCLUSION This article is primarily interested in how the coronavirus affects ecommerce in developed countries Overall, Covid 19 positively affected ecommerce business in the US, Japan, and China However, the supply chain is still severely strained, and the war in Ukraine and recent Covid outbreaks and shutdowns in China will exacerbate the problem Awareness of this issue can lead to more accurate information and a better understanding of how the coronavirus affects e-commerce, business, and national economies E-commerce is aided by COVID-19 How it impacted e-commerce will entice other researchers to delve deeper into this topic, such as how Corona changed e-commerce trends and the future REFERENCE Anders Hasslinger (2007) Consumer Behaviour in Online Shopping Dissertation, Kristianstad University, Sweden, DOI:10.2139/ssrn.3308689 Anett Erdmann, José M Ponzoa (2020) Digital inbound marketing: Measuring the economic performance of grocery e-commerce in Europe and the USA, Technological Forecasting and Social Change,https://doi.org/10.1016/j.techfore.2020.120373 Awais Muhammad and Samin Tanzila (2012) “Advanced SWOT Analysis of ECommerce”, IJCSI International Journal of Computer science Issues, Vol 9,Issue 2,No 2,pp.569- 574 E K Clemons et al (2013) "The Role of Trust in Successful Ecommerce Websites in China: Field Observations and Experimental Studies," 2013 46th Hawaii International Conference on System Sciences, 2013, pp 4002-4011, doi: 10.1109/HICSS.2013.23 Gengquan Zhang (2021) The Impact of Covid-19 on China’s Ecommerce, https://doi.org/10.1145/3450148.3450190 Giuffrida, M., Mangiaracina, R., Perego, A and Tumino, A (2020), “Cross-border B2C e-commerce to China: an evaluation of different logistics solutions under uncertainty”, International Journal of Physical Distribution and Logistics Management Jing Tan, Katherine Tyler, Andrea Manica (2021) Business-tobusiness adoption of eCommerce in China, Pages 332-351, ISSN 0378-7206, https://doi.org/10.1016/j.im.2021.04.001 John Koetsier(2022) E-Commerce Jumped 55% During Covid To Hit $1.7 Trillion Retrieved https://www.forbes.com/sites/johnkoetsier/2022/03/15/pandemic-digitalspend-17-trillion/?sh=5d752dc95035 from Laura gonzález, (2021)Impact of COVID-19 on Japan's eCommerce Market Retrieved from https://www.prnewswire.com/newsreleases/impact-of-covid-19-on-japans-e-commerce-market-2020-2026 disruptions-in-h1-2020-improvements-in-h2-301100235.html

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