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India eCommerce and Foodtech- COVID-19 Impact and Way forward
India eCommerce and Foodtech- COVID Impact and Way forward | RedSeer
On the order hand, broader eCommerce had a very challenging month in April with only essentials permitted. This reflected in steep volumes drop for eCommerce logistics firms as well. While consumers expect strong and continued decreased consumption in non-essential categories, the behaviour varied by consumer cohorts wherein. Even post lifting of the restrictions, eCommerce is likely to have a tough recovery curve- as made clear by majority o consumers saying that their spending post COVID on these categories will be lower than pre-COVID levels- across online as well as offline channels. Companies have responded to changing decision criteria of the customer by focusing on. Increased hyperlocal focus to revamp supply chain disrupted by lockdown. Despite these challenges on demand, eCommerce companies who are able to focus on speed, building trust and broader empathy will be able to corner a greater chunk of demand in post COVID world.
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