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In the past few weeks, the COVID-19 has made a huge impact not only on e-commerce businesses but also on startups. The recent government regulations in the Philippines have, in effect, made a lot of online consumers wary of ordering online with the fear that the items may not arrive accurately or may not arrive at all - and even to some extent that the items they’ve ordered are carrying the virus!
According to a local startup, the pandemic has made work life difficult as the work from home setup prevents them from having a usually-smooth sailing workflow. Just as well, many businesses’ revenue streams have been affected by the pandemic as consumers look to spend only on their necessary basic needs, putting aside luxuries and even to some extent, special services.
Despite this bad news however, the coronavirus has seemed to have brought up increases in one sector - the health care sector. Online sales on health products have increased by more than 50% in the last few months. Also, when it comes to products related to healthcare - the numbers on online shopping have likewise increased! Products such as alcohol, hand sanitizers and face masks are continuously being bought by consumers despite the price being double. Hoarders around the globe are likewise taking advantage of the situation by overstocking health supplies and selling them for double or even triple the price online. In light of the quarantine, food delivery mobile applications have also begun to see a boost in sales. Having the food come to you simply lowers the chance of interaction with multiple possibly-positive virus carriers.
The COVID-19 has truly made a huge impact in all types of businesses not just in terms of revenues (and losses) but also in making a lot of people realize that a lot of jobs can simply be done from home. Work that has traditionally been done in the office is simply now done at home without a choice given the government’s strict regulations. Meetings that are usually done face-to-face are now done virtually via social media platforms or mobile applications. Sales that were typically made through phone calls and bank checks are now consecutively done via email or online payment gateways. The pandemic has virtually forced the world to live, work, and communicate remotely and online, not to mention, without leaving the comforts of your home.
In today’s global economic downturn caused by the global pandemic, we stand in a difficult situation of whether your business would sink or swim. Don’t let these work from home or remote working situations keep you down. Here at iRepublic, our lines remain open to help you push for your online presence despite the recent pandemic. We may not be in the office at the moment as we share our support in helping prevent the spread of the COVID-19, but trust that we’re always online to make sure that we can help you get started on the business that you’ve always dreamed of. Drop us a message at info@irepublic.ph or find out more through our website at https://www.irepublic.ph/.
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