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Wani, Bilal Ahmed
- COVID-19 Sparked The E-Commerce Revolution; Some Benefited, While Others Left In Cold
Authors
1 Kulliyyah of Information and Communication Technology International Islamic University of Malaysia, Kuala Lumpur, MY
Source
AIRCC's International Journal of Computer Science and Information Technology, Vol 14, No 3 (2022), Pagination: 111-117Abstract
The world economy, and particularly international commerce, has incurred huge losses because of the coronavirus epidemic. Due to the worldwide lockdown, social isolation, and other precautions taken to prevent the spread of the COVID-19 pandemic, consumers have boosted their purchases on digital services. Therefore, the corporate environment underwent dramatic changes throughout the quarantine period. The COVID-19 crisis sped up the expansion of the digital commerce industry. The digital commerce industries have exploded in growth during the COVID-19 disaster. Businesses and consumers progressively "went online" as lockdowns became routine. It is anticipated that the growth rate of global e-commerce will be 12.2 percent in the year 2022, which will bring the total sales of global e-commerce to $5.542 trillion. Despite this, the pace of increase is slower than it was this time last year. By 2021, growth rates for worldwide e-commerce will have reached 16.3 percent. This is a slowdown compared to the growth rate of 26.4 percent that was seen in 2020, which was also the biggest year-over-year rise those experts anticipate between 2020 and 2025 and may be related to the coronavirus pandemic that occurred in recent years. Consumers in developing economies are the most likely to purchase online. Consumers and companies in many of the world's least developed nations have been unable to take advantage of pandemic-induced e-commerce prospects owing to continuing restrictions. These include high-cost internet services, an overdependence on cash, a lack of customer trust, and a populace with little digital skills. The danger is that the existing massive digital disparities between and within nations would deteriorate further in the aftermath of the epidemic.
Keywords
e-commerce; Pandemic, Digital Divide, Covid-19.References
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- Impact of Pandemic on e-Commerce in Asia
Authors
1 Kulliyyah of Information and Communication Technology International Islamic University of Malaysia, Kuala Lumpur, MY
Source
AIRCC's International Journal of Computer Science and Information Technology, Vol 14, No 4 (2022), Pagination: 81-86Abstract
The primary objective of this study is to investigate the impact that the coronavirus known as Covid-19 has had on the e-commerce in Asia. Coronavirus, one of the most lethal viruses currently known, is responsible for the deaths of many people. This indicates that the rate of economic growth in the nation has slowed down. On a very large scale, it has nearly completely disrupted all other kinds of businesses, including the e-commerce company. Most outlets owned by major merchants had been closed indefinitely. Aside from that, the situation is difficult for medium and small-sized enterprises (SMEs) since there are less customers shopping at their stores. Additionally, e-commerce companies should not be excluded from consideration. Additionally, Asia has a significant negative impact on them. China is the primary source of more than half of the goods items sold by many online retailers. As a result, it is presumable that this lethal virus will have a significant influence on the internet commerce conducted across Asia, particularly about the sale of Chinese goods. A survey was carried out as part of this study, and primary research was carried out as well, to get a more fruitful conclusion. The findings showed that most goods originate in China, and most industries are under lockdown, which implies that no items are imported or exported. This was shown by the fact that most industries are closed.Keywords
e-Commerce, Pandemic, Asia, Covid-19.References
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