The coronavirus pandemic is causing whiplash within many supply chains, especially those of e-commerce companies. Dramatic spikes in orders follow reductions in manufacturing and shipping lanes, along with an expected slowdown in orders as products go out of stock and marketplaces prioritize the goods they deem essential.
Read what Mayank Gupta, CFO of Ecom Express has to say about challenges brought about by the Coronavirus pandemic.
Online firms such as Tjori, Voylla, Peachmode among others have announced discounts of up to 80% during the lockdown to prevent an inventory pile up due to suspension of ecommerce deliveries of non-essential items following the coronavirus outbreak in the country.
E-commerce is the practice of buying and selling goods over the Internet. The e-commerce sector has been one of the most transformative industries on the planet because it offers qualities that traditional brick and mortar shopping methods usually fall flat on; namely, comfortability, convenience and personalization. E-commerce has become the bedrock of how most stores operate and will continue to dictate the way we buy and sell in the future.