Online Shopping Websites in India, Mexico, Russia Boom With Sales in Covid Era – Bloomberg

Covid forced countries such as Mexico, Russia and India to upgrade infrastructure faster than expected, unlocking enormous growth.
Online sales in Mexico surged 54% in 2020, as shoppers set aside fears about e-commerce. Above, a consumer in Mexico City hunts for clothes at Forever 21. 

Years from now when the pandemic’s impact on global business is analyzed, it’s likely that the most lucrative change will be how it pushed—or actually shoved—massive markets into the modern e-commerce era.
In many countries, online shopping hadn’t been easy because of underdeveloped infrastructure and the reluctance, or inability, of consumers to use banks and electronic payment. That stalled growth in a lot of the world, but Covid-19’s disruption has forced rapid change.


Leave a comment

Your email address will not be published.