COVID-19: Impact on eCommerce Business
Whether forced or chosen, isolation has become the new normal these days with the raging virus. Some of the largest countries on the planet today have completely halted economic activities and made their citizens stay at home. As stores are being shut down, parks closed, and people asked to refrain from leaving their premises, many are turning to the internet to make the best use of time. Everyone is looking for ways to lead a normal life through the digital world. This has led to the eCommerce industry observing sudden traction. A study by Verizon points out how gaming is up by 75% in the US while video streaming has increased by 12% and overall online traffic has increased by 20%.