Dear MEL Topic Readers,
Online shopping has been turbocharged by the pandemic. There's no going back
The longer the pandemic lasts, the more people buy things online. True. When lockdowns and stay-home orders are in place, people have no choice but to get things online, if delivery services are available. Even when such restrictions are lifted, people are still afraid to go out to shop in crowded malls and busy marketplaces. And it seems that this new shopping behavior stays as more people are infected by the novel virus. As a result, online retail has been and will be growing all over the world.
But just like smartphones bypassed landlines in emerging and rising markets like China and India, it seems that online retail and food-delivery services are taking place of what it could have been dominated by shopping malls and restaurant chains. Now, all over the world, online giants and their competing retailers are in full swing for the holiday season.
Interestingly, this is also a good chance for small businesses to jump on the bandwagon. Many small retailers had been wiped out by malls and chains for the last half-century until the pandemic hit the world. Now, these small online retailers and restaurants can take advantage of the growing online buying habits, retail platforms, and delivery networks., such as Amazon Marketplace and Uber Eats.
There may be places where everything is done by smartphones and delivered at the desired place and time in the very near future.
Enjoy reading the article and think about what the retail landscape will be like a year from now.
https://edition.cnn.com/2020/10/11/investing/stocks-week-ahead/index.html
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