Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)

The Impact of the Epidemic on E-commerce Industry

Authors
Yantong Chen1, *, , Mingli Hou2, , Yimin Lou3, , Yue Zhao4,
1Department of Mathematics, The University of British Columbia, Vancouver V6T1Z4, Canada
2School of Mathematics, Tianjin University, Tianjin 300350, China
3Department of Accounting, Tianjin University of Commerce, Tianjin 300133, China
4Department of Physics and Astronomy, Mcmaster University, Hamilton L8S4S4, Canada

These authors contributed equally

*Corresponding author. Email: kellytc@student.ubc.ca
Corresponding Author
Yantong Chen
Available Online 26 March 2022.
DOI
https://doi.org/10.2991/aebmr.k.220307.360How to use a DOI?
Keywords
COVID-19 pandemic; E-commerce; consumer behavior; changing trends
Abstract

Under the condition that the COVID-19 spread all over the world, the economy is affected negatively. The government published some policies to pretend people from the virus. At the same time, global commerce is affected. In this condition, e-commerce met its opportunity and risk. This paper contains some statistics and analyses to explain the development of e-commerce. During the related research, it is said that due to the spread of the virus, people tend to decrease their social activities and change their approach to shopping. When the demand for online shopping increases, people still worry about logistics delays, supply shortages, and food safety. The analysis of the environment includes policy, economy, society, and technology. Confronting with the virus, many countries published policies to face this epidemic and many companies tend to develop online shopping. Besides, people were more likely to purchase online with the development and spread of the mobile phone as well as the mobile payment. It is discovered that some factors, like advanced technology, free delivery, lower price, and reviews from other customers, can be used to explain people’s activities. Eventually, some solutions are mentioned to solve problems. To solve the lack of commodities, the store owners tend to sell them in advance through live telecasts. Moreover, to reduce people’s anxiety about the safety of frozen food, a mobile tracking system is supposed to be built up and companies’ epidemic prevention situation can also be shown.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

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Volume Title
Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
26 March 2022
ISBN
978-94-6239-554-1
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220307.360How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Yantong Chen
AU  - Mingli Hou
AU  - Yimin Lou
AU  - Yue Zhao
PY  - 2022
DA  - 2022/03/26
TI  - The Impact of the Epidemic on E-commerce Industry
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2193
EP  - 2199
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.360
DO  - https://doi.org/10.2991/aebmr.k.220307.360
ID  - Chen2022
ER  -