E-commerce recovers over 90 per cent of pre-lockdown order volume

E-commerce recovers over 90 per cent of pre-lockdown order volume

Due to the COVID-19 scenario, the eCommerce companies were striving to accelerate growth during the first two phases of lockdown. Especially the eCommerce industries in India have been significantly affected by this. But the eCommerce companies have started their operations in the midst of the global crisis since the beginning of June. It has recovered 90 percent of the order value compared to its pre lockdown & hit the new 2020 record. According to Unicommerce 's report, India's leading eCommerce platform headquartered in Saas has been keeping an eye on customer e-commerce trends as economic activity resumes nationwide. The sector recovered 30 percent of its pre-lockdown order volumes during the lockdown 3.0. The steady growth in the eCommerce sector thus indicates how consumer's preferences are shifting in the direction of online shopping.

In the first two phases of lockdown, the sales of non-essentials items on eCommerce platforms were lower than expected. After eCommerce companies like Flipkart, Amazon, and Sanpdeal have been permitted to sell the products in non-containment areas, the volume of online order grew swiftly and the growth was certainly healthy.

Speaking about the report and the impact, Kapil Makhija, CEO, Unicommerce said, “The e-commerce sector continues to lead the growth for the overall economy of India. The increasing change in consumer behavior to prefer online shopping has come as a great surprise and relief for online sellers and marketplaces. This will lead to the rising adoption of omnichannel solutions by companies across sectors and focus on digital transformation to significantly improve customer buying experience with the help of relevant technology solutions. With the current pace and recovery rate, we are positive that the sector will fully recover in the next couple of weeks.”

 

Electronic Appliances Witnessed the Strongest Growth

As per the report, it ascertains that the consumer electronic appliances category (excluding smartphones) has seen the highest growth compared to other categories. The sector has not just recovered its pent up volume but also shown great improvement with over 45 percent growth in the overall order volume compared to pre-lockdown levels. However, the average cart size has decreased by around 5-10 percent, as people ordered more low value required to operate from home.

Whereas, if you analyze the data of 2019, smartphone shipments in India rose 8% year-on-year to 152.5 million units, making it the fastest-growing market among the top 20 in the world.

On the other hand, the Apparel sector has witnessed an overall 70% recovery rate compared to pre-lockdown levels. However, the average cart size has reduced by around 25%. This implies that the demand for high-value products is less as compared to affordable products.

 

Transformation in Consumers Behaviour- Online Shopping

Moreover, the CEO of Unicommerce- Kapil Makhija said that the e-commerce sector continues to increase the growth of the overall economy of India. Surprisingly, online shopping trends have never seen such a huge transformation in consumer behavior. It has come as a great surprise and relief for online sellers and marketplaces. This will lead to the rising adoption of omnichannel solutions by companies across sectors and focus on digital transformation to significantly improve customer buying experience with the help of relevant technology solutions. Apart from this, online shopping has also benefited the digital payments platform like Paytm, Amazon Pay, and Paypal who are potentially taking advantage of the current situation.

Nevertheless, people are still preferring online shopping instead of going out. Therefore, the overall e-commerce sector conferred a good sign of recovery in the post lockdown. It is also significant to remember that e-commerce players are allowed to continue operations in the green and orange zones.

1   0
monika mishra
profile Mike 26th March 2024

Pretty! This was a really wonderful article. Many thanks for supplying thisMy Chemical Romance Jacket Black Parade

Write a comment ...
Post comment
Cancel
profile getoc55098 22nd March 2024

In the realm of the law of attorney, various forms of legal instruments are utilized to facilitate this delegation of authority.
Công ty Luật

Write a comment ...
Post comment
Cancel
profile Emma 21st March 2024

The evolution of consumer behavior in online shopping trends has been unprecedented. This unexpected shift has brought both surprise and relief to online sellers like tiny fishing unblocked and marketplaces.

Write a comment ...
Post comment
Cancel
profile ana 18th March 2024

I cannot deny benefited as much as possible from your site. There's no denying that you have some unprecedented information and unimaginable stories. slope game

Write a comment ...
Post comment
Cancel
profile Nick 17th March 2024

Looking to upgrade your vehicle's aesthetic without breaking the bank? Consider a Chrome Delete cost for a sleek, modern look. I recently got mine done through Mumsport, and their chrome delete cost was surprisingly affordable. It's amazing how a small change like this can completely transform the appearance of your car. Highly recommend checking out Mumsport for all your automotive customization needs

Write a comment ...
Post comment
Cancel
profile Nick 1st March 2024

Looking for the best frame roofing company? County Roofing System is your go-to choice. Their expertise in framing and commitment to delivering high-quality roofing solutions make them stand out. Choose County Roofing System for roofing excellence you can trust.

Write a comment ...
Post comment
Cancel
profile Kunal 28th February 2024

So, chain her hands and then fuck as hard as you want throughout the full night. Our Delhi Escorts Service are also experts in role-playing. You can be the patient, and she can be the nurse or the teacher, and she will be the student. And then punish her with your dick.

Write a comment ...
Post comment
Cancel
profile 28th February 2024

Whether you're just having fun or trying to get the highest score, slope game is a fun and challenging game that you'll want to play again and again. Try it out and see how well you can handle the hill!

Write a comment ...
Post comment
Cancel
profile getoc55098 2nd February 2024

Dental health plays a crucial role in maintaining overall well-being, extending beyond the mere aesthetics of a bright smile. The oral cavity serves as a gateway to the body, influencing systemic health in myriad ways.verdewatches.al

Write a comment ...
Post comment
Cancel
profile Aria 2nd February 2024

Radiant Quartz Window Styles at Quartz™ luxury windows are a game-changer for anyone looking to elevate their living spaces. Crafted with precision by Quaker Windows, these windows offer a perfect blend of style and functionality. With Radiant Quartz Window Styles, homeowners can create environments that are as beautiful as they are inviting, where every room is bathed in the radiant glow of natural light.

Write a comment ...
Post comment
Cancel
profile getoc55098 29th January 2024

The field of dentistry continues to evolve, with ongoing research and innovations shaping the future of oral healthcare. Advances in regenerative dentistry, personalized treatment plans, and the integration of artificial intelligence in diagnostics represent exciting developments on the horizon. These innovations hold the potential to further improve the effectiveness, efficiency, and accessibility of dental care, ultimately benefiting individuals and communities worldwide.turismo dentale

Write a comment ...
Post comment
Cancel
profile getoc55098 11th January 2024

Technological advancements have also influenced the legal landscape, introducing tools and platforms that streamline legal research, document preparation, and communication. Lawyers need to adapt to these changes, embracing technology while upholding the ethical standards inherent in the legal profession.avokat për heqje ekspulsi

Write a comment ...
Post comment
Cancel
profile The Simple 9th January 2024

We'll feature the top performers in each area as well as trailblazers attempting to transform the market with their goods or services. For this reason, we can help you whether you're a car enthusiast searching for auto polish or a young business looking for the best web hosting.

<a href="https://thesimpleindian.com/7-best-gear-cycles-under-15000-in-india-2023/">Best Gear Cycle Under 15000 | Best Cycle Under 15000</a>

 

Write a comment ...
Post comment
Cancel
profile Yna 12th December 2023

Quality posts is the crucial to invite the visitors to visit the web page, that's what this web page is providing.
 OKBet

Write a comment ...
Post comment
Cancel
profile Shamshad 30th November 2023

This is my first visit here. I found lots of interesting things on your blog, especially the conversations.  Ducted AC

Write a comment ...
Post comment
Cancel

Please rotate your device

We don't support landscape mode on your device. Please rotate to portrait mode for the best view of our site