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Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold

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 ser...

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Main Authors: Ahmed Wani, Bilal, Mohamadali, Noor Azizah
Format: Article
Language:English
Published: 2022
Subjects:
T Technology (General)
Online Access:http://irep.iium.edu.my/99124/7/99124_Covid-19%20sparked%20the%20e-commerce%20revolution.pdf
http://irep.iium.edu.my/99124/
https://aircconline.com/ijcsit/V14N3/14322ijcsit09.pdf
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spelling my.iium.irep.991242022-08-02T03:01:19Z http://irep.iium.edu.my/99124/ Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold Ahmed Wani, Bilal Mohamadali, Noor Azizah T Technology (General) 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. 2022-06 Article PeerReviewed application/pdf en http://irep.iium.edu.my/99124/7/99124_Covid-19%20sparked%20the%20e-commerce%20revolution.pdf Ahmed Wani, Bilal and Mohamadali, Noor Azizah (2022) Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold. International Journal of Computer Science & Information Technology, 14 (3). pp. 111-117. ISSN 0975-4660 E-ISSN 0975-3826 https://aircconline.com/ijcsit/V14N3/14322ijcsit09.pdf
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic T Technology (General)
spellingShingle T Technology (General)
Ahmed Wani, Bilal
Mohamadali, Noor Azizah
Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
description 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.
format Article
author Ahmed Wani, Bilal
Mohamadali, Noor Azizah
author_facet Ahmed Wani, Bilal
Mohamadali, Noor Azizah
author_sort Ahmed Wani, Bilal
title Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
title_short Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
title_full Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
title_fullStr Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
title_full_unstemmed Covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
title_sort covid-19 sparked the e-commerce revolution; some benefited, while others left in cold
publishDate 2022
url http://irep.iium.edu.my/99124/7/99124_Covid-19%20sparked%20the%20e-commerce%20revolution.pdf
http://irep.iium.edu.my/99124/
https://aircconline.com/ijcsit/V14N3/14322ijcsit09.pdf
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score 13.211869

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