Electronic commerce has become a common part of developed countries. Many companies have changed their ways, forms and patterns of work after digitization. The pandemic is the main catalyst that makes this change stronger and more effective than ever. Pakistan is a developing country, almost 63% of the population is between 15 and 33 years old. These young people have been exposed to technology early in their lives.
In addition to using technology in leisure activities, many of them also use it to work and buy many products online. This demographic pillar has played an important role in accelerating Pakistan’s digital revolution and the development of e-commerce, but with Covid19 sweeping the world, the situation has changed. The physical business model has no customers because everything is closed. But at that moment, e-commerce and online businesses are booming.
The light of everyone in fact, change is the only constant. In 2019, Pakistan became the 46th largest e-commerce market with a revenue of USD 2.127 million. Therefore, due to the pandemic, online sales in Pakistan in 2020 are higher than offline sales. The business unit had to slowly adapt and go online to develop its Best Accounting Software In Pakistan business. e-commerce reloaded in 2020 Pakistan, like the rest of the world, has accepted the new normal. Not only that, but the shaping of consumer behavior is also different. But industries, companies, and personal stores have also taken steps to continue to provide users with digital presence and activation. Before, the preferred mode of purchase was in-store.
Buy in Stores:
Most people prefer to buy in stores, whether it’s bread or clothes. Over time, when people started calling taxis and ordering food online, things started to change. This is a slow but powerful change that makes people realize the importance of convenience. The proportion of women in the workforce has changed. As this change becomes significant, more and more men and women are choosing to shop online.
This situation occurs because more and more families do not have enough time to complete the monotonous task of buying goods in shops. However, this proportion of buyers is still not enough for many companies to consider going online. After the Covid crash and panic, the market dynamics have changed.
The largest giant Kirana store next to its apartment building has no choice but to redesign its modus operandi. Everyone is building their Facebook page, accepting orders from Instagram, and finally creating a website or app for their users. As more and more people gain an online shopping experience in Pakistan, they want websites and apps that make shoppers feel more secure and have a better image of the sales platform.
The Big Picture for Pakistanis Due to the COVID vaccine, the vaccine is being tested around the world. We know things will be back to normal soon. However, changes have already taken place. No one thinks it is easy to order diapers and medicines online. Housewives have the habit of calling their husbands before shopping or going out to buy things by themselves. In Pakistan, when people saw people ordering masks, disinfectants, baby food, diapers and even life-saving drugs online, the e-commerce landscape changed to avoid going out. This is a new level of comfort that society has achieved.
Now, we see that in the long run, purchases will be made online. More and more brands are transforming and relaxing after-sales service for buyers. This means that any type of defect or defect can be changed and make the user’s online shopping experience safer. Many people receive counterfeit products Will avoid online ordering. This happens when the platform selects products from multiple suppliers without a reliable verification procedure. To turn part of society into online shoppers, the environment should be safer. users, when looking for a reliable website to buy, will turn to their friends and family’s recommendations.
This year, many online stores have increased exponentially and Human Resource Management Software have been ignored, and have declined due to the quality of their products and services. Tax taxes taxed on several online sites, such as online transportation services, such as Uber and Careem, such as the Sindh government, will prevent consumers from changing towards digital economy. Lack of native tutorial Product description and regional language Not available for tutorials is the largest barrier of electronic commerce and digital conversion steps. For the solution, the Government is a general lighting campaign through the implementation of several awareness campaigns that support this business with the name “communicates in the center of the Community and society”.
The Pakistani e-commerce market has contributed to the global growth rate of 26% in 2020 with 84% growth. E-commerce revenue continued to grow. New markets continue to emerge, and existing markets also have the potential for further development. Global growth will continue for several years. The e-commerce market includes the online sale of physical goods to private end users (B2C). This definition includes computer purchases as well as mobile purchases made through smartphones and tablets.
The ecommerce DB definition does not include the following: digital distributed services (for example, travel tickets), online stores dedicated to digital media download or streaming, online stores dedicated to B2B markets, and sales between individuals in e-commerce markets (C2C). Catalog Best online store Market development Competitive landscape Pakistan e-commerce market Best online store the largest participant in Pakistan’s e-commerce market is gulahmedshop.com.
The store’s revenue in 2020 is $62 million. They are closely followed by khaadi.com with revenues of US $ 51 million and Spotlight.pk with revenues of US $ 36 million. The store ranking is based on each revenue generating store in Pakistan. These stores have a national focus and only sell in their main countries, or operate on a global scale. In this assessment, only income generated in Pakistan is considered. One of the fastest growing stores in the Pakistani market is beoneshopone.com. The store achieved sales of approximately $ 4.9 million in 2020 and its revenue increased 136% year-over-year.
