COVID-19 has spread across 192 countries around the world, forcing more than 1 billion people to stay at home. Governments across the world are coming up with financial relief programs. For example, in the UK, one-off grants of £10,000 were offered to small businesses. The government will cover 80% of a worker’s wages. Companies will receive interest-free business interruption loans of £5 million over a period of 12 months.
The impact of the pandemic is being felt across retail and e-commerce industries. 74.6% of users across all ages in the US are avoiding shopping malls. 52.7% of individuals across all age groups are avoiding general shopping. In Italy, e-commerce sales on the week ending on March 8 rose to 82.3% as compared to the same week in 2019. 38% of retailers are of the opinion that their sales will rise amid the COVID-19. This Mageplaza infographic shares some statistics related to e-commerce to help you understand the challenges & opportunities for growth following the outbreak of COVID-19.