COVID-19: Current Scenario (as of 30th March) ● Total Coronavirus cases has reached 723,317 worldwide with highest cases in USA reaching 142,735 ● The death toll has reached 33,933 worldwide & a rise is expected in the coming few months. ● The increased level of uncertainty and insufficient action plan has resulted in financial market volatility which was last seen during the global financial crisis in 2008 Source: www.worldometers.info/coronavirus/
Impact of COVID-19 on World Economy The extent of the impact will depend on three things ● How long will it take to contain the virus ● Economic support government is ready to deploy ● Steps authorities take to contain the pandemic Source: www.yo-kart.com/blog/
Impact of COVID-19 on World Economy Estimates of the global impact vary: early last week, the Organisation for Economic Co-operation and Development (OECD) predicted that COVID-19 will lower global GDP growth by one-half a percentage point for 2020 (from 2.9 to 2.4 percent); Bloomberg Economics warns that full-year GDP growth could fall to zero in a worst-case pandemic scenario.
Source: www.yo-kart.com/blog/
Sectors Affected due to COVID-19 ● ● ● ● ● ●
Grocery Food & Beverages Home essentials Sporting Agriculture Travel & Tourism
Source: www.yo-kart.com/blog/
Sectors Boosted due to COVID-19 ● Telecom ● Healthcare ● E-Commerce Marketplaces E-commerce marketplace is the most promising is because it adheres to every norm that the government has announced and still empowering other local businesses which have lost its prominence due to the lockdown period. Source: www.yo-kart.com/blog/
E-Commerce industry in today’s scenario? ● People are not stepping out due to lockdown and so, they are completely dependent on e-commerce websites & marketplaces. ● Already established E-commerce marketplaces are helping local & small businesses sell their products ● Thousand of online stores have been launched in the last 1 week. ● According to stats, internet usage has increased by 50%, entrepreneurs do not have to worry too much about their viewership. Source: www.yo-kart.com/blog/
Increase in Online Purchasing due to COVID-19
Source: www.ipsos.com
How Entrepreneurs can utilize the lockdown period? ● Social distancing is needed for next 4-5 months. Start selling online by building your ecommerce store. ● Many sellers are looking to sell online desperately, so building an online marketplace similar to Amazon or Walmart would be beneficial. ● Spend time on choosing the right platform who has all the features to launch your eCommerce business. CONT.. Source: www.yo-kart.com/blog/
How Entrepreneurs can utilize the lockdown period? â—? Do intensive market research and understand what your competitors are offering during the pandemic time. â—? Change seller policies to make it easy for sellers to sell their commodities on your marketplace. â—? Leverage the power of mobile and mobile notifications as your target audience would want to easily connect with your brand. Source: www.yo-kart.com/blog/
Yo!Kart is with you against COVID-19 We understand the market has become unpredictable which is why we suggest you invest money on something which will give you benefits later too. Considering the ongoing demand for eCommerce, the online survival tactic is to launch your eCommerce marketplace. Our team is working to fulfill the growing demand by delivering ecommerce stores quickly and handling clients and their queries diligently. Source: www.yo-kart.com/blog/
Yo!Kart is with you against COVID-19 We have slashed the price to 50% on our startup special package during this crisis to support any offline business that wishes to set up their store online. Start at $250 with these additional benefits: • No additional payment for 1-Year. • All the standard eCommerce features • Free Hosting • 1 Year Free Support Visit here for all the required details: https://www.yo-kart.com/multivendor-marketplace-startup.html Source: www.yo-kart.com/blog/
Yo!Kart team is with you in this turbulent time. Get Free Business Consultation, visit: www.yo-kart.com Phone: +1 469 844 3346