E-commerce businesses are supporting the sellers they work with due to COVID-19
Trend - E-commerce companies are increasingly supporting the organizations in their supply chains that have been financially impacted by COVID-19. The support comes in a number of different forms including cash advances, transition programs, offering discounts, and reducing storage fees.
Insight - E-commerce platforms are experiencing a drastic uptick in demand as many consumers are unable to, or unwilling, to shop in-store due to health and safety cocerns. Many of these e-commerce companies are facing pressure to capitalize on increases in demand, while ensuring the financial stability of the companies that supply products to e-commerce platforms. By supporting those they work with, these companies are able to create a mutually beneficial relationship with clients and sellers.
Insight - E-commerce platforms are experiencing a drastic uptick in demand as many consumers are unable to, or unwilling, to shop in-store due to health and safety cocerns. Many of these e-commerce companies are facing pressure to capitalize on increases in demand, while ensuring the financial stability of the companies that supply products to e-commerce platforms. By supporting those they work with, these companies are able to create a mutually beneficial relationship with clients and sellers.
Workshop Question - In what ways can your organization benefit from helping other groups?
Trend Themes
1. E-commerce Support - E-commerce platforms are increasingly supporting the organizations in their supply chains that have been financially impacted by COVID-19.
2. Transition to E-commerce - Businesses affected by COVID-19 are transitioning to e-commerce shopping, prompting the development of initiatives such as e-commerce financing and transitional programs.
3. COVID-19 Support - COVID-19 support is being distributed by e-commerce businesses to help financially affected businesses with free consultation, special offers, discounts, and online marketplace solutions.
Industry Implications
1. E-commerce Financing - Businesses can take advantage of e-commerce financing initiatives by obtaining necessary capital for online transitions.
2. Online Retail - Online retail industries have seen an increase in demand due to COVID-19, prompting the creation of initiatives such as e-commerce financing and transitional programs.
3. Small Business Support - COVID-19 support distributed by e-commerce businesses is helping small and medium-sized businesses transition to online sales.
