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By the second quarter of 2020, lockdowns will have been lifted, which will cause
restaurants, movie theaters, gyms, and other establishments to reopen. However, there
are still shortages of staff and children are still out of school. All of these circumstances
changed the economic status of the country, and it is observed that the digital economy
suddenly boomed. Retailers adapted to these challenges by embracing the emerging
technologies that created connections with consumers and gave them a more
convenient experience. It affected the status of some factors affecting sales and profit,
whereas new trends in product categories emerged, lower loyalty became common,
contactless payment became common, and social media shopping became a primary
process of transaction.
It may be assumed that most people around the world are still capable of
producing their basic needs even though a pandemic occurs. Despite that fact, there
are still uncertainties as to when these goods could be produced. Water is not an
exception in this case. For instance, seeking clean water has become a difficulty. It will
lead to the transmission of diseases like cholera, diarrhea, dysentery, hepatitis A,
typhoid, and polio.
Credentials
Conclusion
References:
Fryer, V. (2020). Understanding COVID-19’s Impact on Ecommerce and Online
Shopping Behavior. https://www.bigcommerce.com/blog/covid-19-
ecommerce/#covid-ecommerce-trends
Shang, Y., Li, H. & Zhang, R. (2021). Effects of Pandemic Outbreak on Economies:
Evidence from Business History Context.
https://www.frontiersin.org/articles/10.3389/fpubh.2021.632043/full#:~:text=Econ
omic%20Impact,Due%20to%20the&text=The%20cash%20flow%20in%20the,pro
duction%20in%20industries%20being%20disrupted.
World Health Organization. (2022). Drinking-water. https://www.who.int/news-room/fact-
sheets/detail/drinkingwater#:~:text=Contaminated%20water%20and%20poor%2
0sanitation,hepatitis%20A%2C%20typhoid%20and%20polio
Sheht, A. (2022). How to Write a Business Proposal. (Examples & Templates).
https://venngage.com/blog/business-proposal/
.