The coronavirus, which causes the COVID-19 disease, began only a few months ago in the Chinese city of Wuhan and has spread to many countries around the world. Among the countries most affected today are Italy, Spain and the United States. In early March, the World Health Organization (WHO) declared the coronavirus a pandemic.
Today, the situation is different than we have ever seen before. Empty streets, closed shops, activities paralyzed, people staying at home day and night. There are still doubts about what the long-term impact of the coronavirus will be on the global economy, although according to the opinion of financial agents the outlook is not very encouraging.
In this context, many entrepreneurs and businesses find that digital commerce is the only way out to avoid the collapse of their projects. But, in addition, many are seeing in this tool the possibility of boosting the growth of their businesses. This is because one of the possible scenarios projected with respect to this situation suggests that consumers will gradually abandon physical purchases to move on to online purchases. This, especially over the duration of the confinement and social distancing that is promoted in most countries.
The measures that countries around the world have gradually taken israel telegram data to control the coronavirus have had a very strong impact on the economy of all of them. The halt experienced in many sectors of the economy has generated a decrease in investment in advertising of around 35%.
Many consumers have reduced their spending, based especially on the fear generated by economic uncertainty. This has lowered the profits of many companies. Within the e-commerce sector, the online stores that have fallen the most are those that depend on physical stores for their operations.