How e-commerce is changing the way we shop today

E-commerce continues to change the way value is exchanged over the internet. Goods and services are increasingly sold through online platforms as the digitally savvy consumer looks to a digital experience for their daily needs. Latest trends are pointing towards adaptation of traditional sales operating models towards digital channels. Brick and mortar retail is progressively being replaced by online stores and retail profitability is benefiting from the reduced barriers to entry in the online sales market.

The Covid-19 pandemic has resulted into a rise in sales of essential items and a decline in sales of items which are not complementary to social distancing and lockdown ways of living. The domestic trade economy has become a clear beneficiary of e-commerce as lockdown legislation restricts traditional methods of trade which would contribute to the spread of the Corona virus. Big and small businesses are taking advantage of online sales as the next best option for sales within a trade environment which is restricted from traditional physical proximity to customers.

HarvyT hosts Kevin Ssemwogerere who is a Chartered Accountant and Tech Business Enthusiast on the AreaCode show, to hear his independent opinion on Tech Business Insights.