Blog / Business / ecommerce

Crisis Fuels E-Commerce – Online Spending Is Higher Than Ever

  • Rating — 5 (3 votes)
  • by Igor
  • Updated on June 18, 2020
  • Read —
    3-4 minutes

Yes, the world is in shock and global economy faces a massive disruption. Some even say markets are free falling. Yet, digital commerce and online spending face a significant increase. 

Recent data indicates that people order more goods and services online. 

That’s a different side of the #stayathome challenge we now face. Let’s dig deeper to shed a light on how e-commerce platforms and online marketplaces will completely substitute our average shopping spree at the local mall. 

Business Will Endure

First of all, good new. Just today US President’s Administration agreed on a 2 trln stimulus package to help small and middle business as well as large layers of population. Shortly after stock prices went about 10% up according to The Wall Street Journal. This help package will help reduce the damage and prevent rise of unemployment rate. Overall, it will reduce the stress brought by coronavirus. 

And this is great for the population as a whole. A lot of dangers are still on the horizon but the prospects allow optimism. Digital markets and e-commerce certainly will continue to become even a greater part of our lives, ending physical perhaps once and for all, who know?      

Alternative to Live Shopping

We may be at home but we continue to spend. Most digital on-demand services like Uber, Amazon, and DoorDash. Like many other digital alternative to live daily experience, this year’s shopping will consist mostly of scrolling. But chances to catch a virus this way as compared to a usual stroll in the mall are close to zero. 

The best way to act for different manufacturers and service providers is to target clients exclusively digitally from now on. That is to be done, emphasizing convenient delivery options, comfortable purchase process, and friendly user interface. Also, of course, one of the most powerful advantages of e-commerce – users can make orders 24/7. 

The forecast is that major brands will try to compensate in digital selling what they are going to lost in physical stores and service ventures. 


E-commerce products do not require additional logistics. They are delivered from the storages right into the hands of clients. Thus, no transportation is required from the storage to the store. At the same time clients do not gather in crowds in malls and supermarkets which is not option due to quarantine. 


It is common knowledge that online shopping is much cheaper than live shopping. I once bought a sweater 25% cheaper online than the same sweater cost in the physical store of this shop. Producers do not pay for rent and hire less personnel. You can even find a myriad of 1-person store of anything and everything on Instagram or elsewhere. The point is that with less expensive price tags online stores have been decidedly win competition over live stores in the recent years. 

Perfect Opportunity

I emphasize that the time of crisis if always a time of opportunity. 

With stores closed for whoever knows how long, maybe even till summer, e-commerce and online shopping will definitely see even a bigger increase in upward metrics. 

People’s habit to spend need regular stimulation. Even though we don’t go out much for now, we still may not be able to stand against the craving to buy a new pair of sneakers or the latest set of headphones. This is a very common consumer’s weakness but also one of the little pleasure in life many of the people celebrate.    


Since the world economy faces a globl challenge that is Coronavirus Pandemic, many business ventures and whole industries are on quarantine stand-by, awaiting further notice. Human matters, therefore, move to the web. Many of the corporations, including Google, switched all of their internal processes to remote work. Remember tech boom that followed the 2008 crisis? Well, one more reason to look for niche possibilities now and act quickly.

Want to develop your e-commerce platform?

Igor I'm a tech journalist and market analyst. Software development, apps, tech trends, and digital innovations are all among my interests. Why? Simply, because it's the future. You can have more of that future in my blog entries. I have 5+ years of experience in online journalism and blogging but I've been a tech enthusiasts and even something of a geek my whole life. It is my pleasure to share with you the knowledge I have. Reading my articles, you can be sure to find expert opinions of senior developers, market tendencies, design tips, and info on outsourcing, business industries or specific Web and Mobile projects.
Alex Pedchenko - Ph.D., Entrepreneur & Blogger is a leadership expert in our marketing department with tech education and Ph.D. degree in building science. The man of most ridiculously innovative ideas for apps and most audacious ways of their promotion. Follow him on Twitter or check out his personal blog, in.

Leave a comment

Leave a Reply

Related services


All articles Business Company News Marketing Tips Our Awards StartUp App Ideas Tech Tech News Review UI and Design
A-mazed to meet you!
We are GBKSOFT software company.
Thanks a lot for reading your blog
Since 2011 we create ambitious software projects from scratch.

You've got
a project in mind

What's next?

Send us a message with a brief description of your project.
Our expert team will review it and get back to you within one business day with free consultation and next steps.


Nothing can be better than getting a review from our happy clients
who recommend us and trust us their business.

They write clean code, adhere to deadlines, and communicate extremely well. I strongly recommend anyone from the GBKSOFT agency and hope to work with them again myself. Clean Code
My Project with GBKSOFT gave me the ability to develop my software while keeping a busy schedule. Ana, who was my project manager, was very professional and was always understanding of my vision and what I wanted. I would recommend GBKSOFT again to any other company or person who has a vision for their web application. Thank you GBKSOFT! Recommend
More good work from team GBKSOFT. All well executed. The support within GBKSOFT is excellent. Communication is good too, spoken English as well as written. Support
They proved to be very good and they’re very reliable as well. They are quite conscientious. They will go the extra yard to make sure we're happy. Reliable
I’ve been using GBK Soft for the past 3 years and they have been great. Communication is unparalleled to other app development companies. I’ve continued to return to them to improve my iOS app countless times and I will continue to do so in the future. I highly recommend this company! Improve
GBKSOFT’s performance has been very strong. We've referred them twice, which says all anyone needs to know about them. A referral is the ultimate signal we can give that these guys are great. Strong
GBKSOFT did a good job to manage the project. They put in a good effort to communicate with us and make it easier for us to communicate with developers. Good Job
I think they do great work. I haven’t yet given them something that they were unable to do. Great
Gireesh, USA
One word...EXCELLENT.
Very well thought out and articulate communication. Clear milestones, deadlines and fast work.Patience. Infinite patience. No shortcuts. Even if the client is being careless (me). The best part...always solving problems with great original ideas, especially with this strange project where we are making up new words every day!