Coronavirus pandemic drives increase in online shopping says yStats.com report Germany-based online business research company yStats.com’s latest report, “COVID-19 Impact on Global B2C E-Commerce and Online Payments: April 2020,” indicates that while the number of online orders is increasing as consumers turn to digital shopping for essential items, the overall sales value for the year may decrease. Full report here: https://bit.ly/3e3UEO4

1. PRESS RELEASE
Hamburg, April 1st, 2020
Coronavirus pandemic drives increase in online shopping says yStats.com
report
Germany-based online business research company yStats.com’s latest report, “COVID-19 Impact on Global B2C E-Commerce
and Online Payments: April 2020,” indicates that while the number of online orders is increasing as consumers turn to digital shopping
for essential items, the overall sales value for the year may decrease.
As consumers are told to stay at home due to the coronavirus, they turn to online shopping
Citizens in many areas of the world are being told by health or political authorities to remain in their homes to help halt the spread of
COVID-19. As consumers are restricted in movement, they turn to online shopping for essential items to sustain their families. With schools
closed and workers encouraged to work from home wherever possible, online sales of health products, food, and some educational and home
office items have surged. The yStats.com report cites the increase in such product categories in various countries around the world in the first
quarter of 2020.
Increase in online sales of essential items amidst the pandemic offset by drop in travel, big ticket items
Even though the number of online orders in some nations has increased greatly, the decrease in purchase of travel arrangement and
higher priced items could contribute to lower total online revenues, as projected in the yStats.com report. Brick and mortar sales are projected
to undergo an even greater decrease because of the economic uncertainty triggered by the coronavirus outbreak, which is expected to
contribute to E-Commerce garnering an even greater share of total retail sales globally.
Online payments increase in the COVID-19 crisis
The worldwide spread of the coronavirus has led to a movement to digital alternatives to cash in stores as well as for payment of
orders initiated online. Some consumers avoid cash as a COVID-19 vector, others simply move to plastic or digital payments as a consequence of
ordering online. However, the yStats.com report suggests that even though the number of online payment transactions has spiked, the total
value of online payments will likely be lower for the current fiscal year as fewer big ticket items and less travel arrangements are purchased by
consumers.
For further information, see: https://www.ystats.com/market-reports/covid-19-impact-on-global-b2c-e-commerce-and-online-payments-april-2020/
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and
objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than
100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-
Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street
Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.