the recent covid 19 pandemic has turned the world upside doen with several businesses shutting shop owing to mounying losses. Yet, in these pandemic times, e-commerce is one twinkling star that has been gathering strength . How has direct selling Experience via Amazon India helped small scale manufacturers of handicrafts or any other item of your choice during these pandemic times. As an external consultant, try to analyse the reasons behind the success of these small-scale manufactures. Provide statistics on how technology has made the lives of small-scale manufacturers simpler? In your opinion, do you see this as a future once the COVID-19 crisis gets over or do you see manufacturers trying to sell their handicraft/other products face to face again? in about 1000 words
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As lockdowns became the new normal, businesses and consumers increasingly “went digital”, providing and purchasing more goods and services online, raising e-commerce’s share of global retail trade from 14% in 2019 to about 17% in 2020.
These and other findings are showcased in a new report, COVID-19 and E-Commerce: A Global Review, by UNCTAD and eTrade for all partners, reflecting on the powerful global and regional industry transformations recorded throughout 2020.
At an event to release the report, UN General Assembly President Volkan Bozkir said the trend towards e-commerce is likely to continue throughout the recovery from COVID-19.
“We need to recognize the challenges and take steps to support governments and citizens as they continue to embrace new ways of working,” he said.
UNCTAD Acting Secretary-General Isabelle Durant said: “Businesses and consumers that were able to ‘go digital’ have helped mitigate the economic downturn caused by the pandemic."
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