Shopping Culture in the emerging post Wuhan Era
On the African continent, the pandemic boosted ecommerce patronage to an all-time high. Many observers of the market were of the opinion that the ecommerce trend will witness slop in the post Wuhan era. But if feelers from industry operators are anything to go by, a new buying culture is emerging instead, as companies and individuals are visiting online platforms for tools and other necessities required for remote working.
There’s no refuting the fact that the Wuhan virus has had a huge impact on every facet of human endeavour. Its economic impact was felt globally. Though the pandemic itself didn’t cripple the economy; its accompanying restrictions hindered the people whose activities ran the economy.
According to analysis from Rise Products and Services, the global economy could lose up to $14.7 trillion in 2020, provided the world is able to prevent a second wave of the pandemic. The best case scenario could see the printing of about $21.8 trillion to cover the deficit.
It can thus be safely said that as the world embraces the reality of living with Wuhan virus, the shopping culture imbibed in the heat of lockdown promises to form part of the new normal, with technology-based businesses as major benefactors.