Day: March 10, 2021

When the pandemic swept the world, many businesses dependent on face-to-face interactions stopped operations permanently because their clients and buyers stopped coming. People now avoid going out except for essential trips. Retailers were among the businesses hit hardest by the pandemic. Large retail companies filed for bankruptcy. E-commerce sales, however, increased by 44% in 2020 against figures in 2019.

In 2020, the outbreak of COVID-19 had forced many businesses to close. Those that survived the first wave of the pandemic were forced to make a sharp pivot to keep up with the changing economic landscape. While 2020 was considered the period of transition for every sector in the economy, 2021 now arrives as the period of