It’s hard to believe that just a few decades ago, eCommerce was almost not existent (along with the rest of the Internet). Now, eCommerce businesses make up a huge part of the global economy. With Coronavirus keeping billions of people at home, online shopping has spiked, leaving many brick-and-mortar businesses in the dust.
However, not all eCommerce stores are seeing greater profits from the current crisis. In fact, many are losing money and looking to the government for temporary funding. Though many businesses are struggling, one sector that remains strong is technology. So, how exactly are tech sales shaping the future of eCommerce? Read on to find out!
Table of Contents
Coronavirus Exposes the Need For Better Tech
COVID-19 has taught us many things. One of the biggest lessons we’ve learned so far is that, despite the technological advances made in the last few decades, the world was not prepared for a pandemic. As we adjust to a COVID-19 and (hopefully) post-COVID-19 world, we will require new technology to stop pandemics before they start.
Not only will this drive production and R&D in the tech sector, but it will also drive sales. The need for personal and business tech for security and safety will only increase over time. To be clear, the world was already headed in this direction. COVID-19 only sped up the process.
Advanced Technology Is Just a Click Away
Whether your business sells phone chargers or the Pedal Commander PC18, you need to make your products quickly accessible. Consumers increasingly expect businesses to provide simple, user-friendly eCommerce resources. Fortunately, the advanced nature of web development allows even green entrepreneurs to provide a high-quality purchasing experience for their customers.
Additionally, consumers no longer have to search far and wide for hi-tech products. Large retailers like Amazon and Walmart make some of the top tech brands easily accessible with just a click of a button, to say nothing of smaller, niche retailers. In short, it has never been easier to buy and sell tech over the Internet.
The Global Economy Is Moving Away From Face-to-Face Transactions
Coronavirus has not changed the basic needs of human beings. People still need access to financial services, essential products, and healthcare. However, many people used to access these services in person. In most places, this is no longer an option.
As a result, companies are having to change to meet the virtual demand of consumers. Things like food, clothing, and medicine need to be accessible via the Internet and virtual portals. These changes may require legislation from the United States government as well. Many advocates for free Internet argue that it is more of a necessity than ever and should therefore be categorized as a public utility.
Conclusion
2020 has already been a complicated and frightening year. With such an uncertain future, many individuals and business owners are turning to technology to provide them with the resources they need. As a result, COVID-19 and the rise of tech sales will forever shape the future of business and eCommerce.
About Carson Derrow
