Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

New E-commerce trends customers embraced during the lockdown

Published : , on

62% of respondents state that their shopping behaviour has changed for good since the crisis. Capterra has identified new ways of shopping that are starting to be used more by UK consumers.

New research published by software comparison platform Capterra surveyed 1,045 UK retail customers to understand if they had changed their shopping habits since the beginning of the lockdown and what does the future of retail looks like for UK retailers and consumers.

The research showed that 62% of people changed their shopping behaviour for good. People have started buying more online and plan to continue doing so even after the crisis. And it’s not just regular ecommerce websites that people are using, a younger audience has started looking into new ways of shopping.

During the lockdown people have embraced quite a few new ways of buying online that they have been avoiding before.

  • 16% of respondents state they are now using social media to do their shopping, specifically Instagram.
  • 12% of respondents state shopping using voice activated AI devices, such as Google Assistant or Alexa.
  • 5% said they’ve shopped using WhatsApp new “virtual catalog”.

As a consequence, the results of the survey also show that consumers are becoming more aware of security threats when buying online. For example, 54% of respondents ensure the website they are purchasing from is encrypted with SSL before making a transaction. Nevertheless, 22% of respondents are a little or not concerned about the security threats when buying online – despite this, a third of them (29%) have been victim of an online scam.

Sonia Navarrete, content analyst, comments:

“The pandemic has accelerated digital adoption in retail. At the same time, health has become a priority issue for consumers and avoiding physical contact is the key focus for them when looking to incorporate new ways of shopping.

Consumers are willing to support local shops, however they are also keen to adopt new ways of shopping. Shopping by social media, voice assistants or the just walk out model like Amazon GO are new ways of shopping that it will be interesting to see how they develop in the future months.

Having said that, the future of retail in the UK should look at combining emerging technologies that can help small retailers bridge the gap between the online and in-store experience. As consumers start to shop again, retailers need to think about a long-term strategy.”

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post