Blog / Business / App Development

The tremendous growth of E-commerce and its opportunities

  • Rating — 5 (15 votes)
  • by Ksenija Kolomiiets
  • Updated on April 22, 2020
  • Read —
    2-3 minutes

According to recommendations to stay in the shelter because of the pandemic, online shopping crowded out an old-fashioned trip to the store. Besides the total growth in e-commerce spending, sales data highlights that after an initial stockpiling of goods, a lot of online buyers have turned their focus to entertainment products such as books and games as they adapt to the new format of life during the quarantine.

In the U.S. e-commerce spending amount is more than 30% from the beginning of March through mid-April compared with the same period last year, according to market research. That shows considerable growth — about 50% more — than the annual 20% growth in online shopping has become accustomed to seeing in recent years.

This snapshot of the economy shows a picture of both what people are buying and how customer’s priorities have shifted throughout the extended quarantine period.

Who sees a coronavirus as a unique business opportunity?

Grocery stores are experiencing buying patterns shift. Before, only 4% of Americans were shopping online, according to Nielsen. Now, during coronavirus outbreak average daily downloads of grocery apps increased by 218%, 160%, and 124% (Instacart, Walmart and Shipt).

tremendous growth of E-commerce

The situation with food delivery apps tends to be almost the same as grocery apps.

food delivery apps tends

Health & safety products rightfully became the most wanted on the market. Medical supply, rubbing alcohol, bath & shower wipes, first aid kits demand has grown for +85.3%, +65.5%, +59.6% and +52.3% accordingly (U.S. sales % growth vs. year ago).

There are a lot of opportunities to use in e-commerce right now if you are an offline store owner so you need to make your business digital by creating your app. Besides, don’t forget about related spheres like delivery and logistics. There are growing rapidly sectors that also need a great digital solution to optimize time and costs for delivering orders.

To Conclude

Ecommerce would need time for recovery. Smaller companies would take a hit, while big monopolies would stay afloat and dominate the market. 

As we are all creatures of habit, it is easy to conclude that the patterns we’re accumulating now could remain even after a coronavirus pandemic. A tendency to buy online is about to stay in buyers’ minds. People are gonna be itching to buy online as the pandemic slows down. As nobody would be doing massive shopping during the virus, the needs would probably accumulate by the end.

Now, as lots of us rely on online shopping, brands and retailers face a test of coping with increased demand, starting from managing the supply of raw materials and manufacturing to delivering ready goods, etc. In times of crisis, it is important to know how to use automation tools. The faster you operate — the more facial masks you sell!

We do care about companies who fight for life during the crisis. So we offer up to 20% discount on app development. This is a good chance to bring your business online, save costs on the development, and use quarantine for your benefit. Stay safe and let us take care of your business!

Have an idea of an app for your business?

Ksenija Kolomiiets Expert & Evangelist in business optimization tools like fintech, logistics, on-demand services apps who will help you to understand the core ideas of the outlined themes by my articles. I also have great expertise in social media and education platforms so let me know "in comments" if you want me to describe a theme you're interested in.

Leave a comment
Close

Leave a Reply

Related services

Categories

All articles Business Company News Marketing Tips Our Awards StartUp App Ideas Tech Tech News Review UI and Design
GBKSOFT Team
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.

Testimonials

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

Devan
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
Jonathan
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
Garrett
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
Tao
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
Andy
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!
Excellent
Dave
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
Raphael
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
Aaron
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
19
spinner