This article discusses the rise in online shopping in the UK and its impact on the retail industry. It highlights the opportunities and challenges faced by businesses during the lockdown period. The article also provides insights into the continuous growth of digital shopping and the shift towards e-commerce platforms.
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Online shopping is one basic term that raise profitability of e- commerce business. In these kind of activities, situation of COVID or lockdown also impacted in direct and direct manner. In this respect, major components added to customers going to onlineshopping,includingsettingasidetimeandcash, particularly since internet shopping has gotten simpler and more problem free than any other time. This impact positively over the online market by improving growth opportunities for them. On the basis of above graphical representation it has been summarised that due to the rise of online shopping, the retail industry of UK seen some major issues as job losses, offline products sales and so on. These kind of practices impact negatively upon those sellers who only deals in offline market. But it also raised opportunity to develop their own place through e-commerce platform. Rationale: Main reason behind choosing this topic is to evaluate and represent an unexpected boom in the online shopping and e- commerce business practices due to the situation of lockdown. Main reason behind this is a desired time period or cost effectiveservices.Allthesepracticesprovideseveral opportunities to the business person who wants desired growth in a limited period. Rise in online shopping in UK With the increase in usage of smartphones and more safety features about data and methods of payments’ protection in place, UK has seen more and more customers shifting towards digital shopping mode. With fast paced life and less time to spend on physical shopping, digital shopping has come acrossasasolutionforbothcustomersandbusinesses. Therefore, more and more numbers of retailers and other brands are providing options for online shopping. Businesses arecontinuouslyimprovingtheirtechnologiestogive customers enhanced experience. This trend saw a sharp surge during lockdown induced because of coronavirus pandemic. This period saw shopping of not just essentials like groceries but also of non-essentials like games, interiors, etc. online. Asevidentintheabovegraph,itcanbeseenthat ecommerceandonlineshoppinghasseencontinuous increase in UK from 2017 to 2020, but due to coronavirus situation and lockdown restrictions on physical shopping, most of the people resort to online shopping, marking the biggest surge in May 2020. This trend is expected to continue as situation has not yet normalised and winter holidays and Christmas season is about to come. Above graph reflects the position of UK’s total retail sales and it can be clearly seen in the graph that the trend for digitalshoppinghascontinuouslyincreased.Inthe beginning of 21st century, it was near to zero percent, from then to 2020, it has seen gradual increase while in 2020, owing to lockdown, it has experienced sharp surge. Poster Introduction Raise in online shopping Conclusion From the above presentation it has been summarised that the situation of lockdown raised some unexpected opportunities for the e-commerce business. It benefits to not only large businesses but also to small business or new start-ups. References A nation of shopkeepers shaken by the shift online. 2020. [Online]. Available through:<https://www.ft.com/content/63338a71-2ce9-463b-a8cb- 7b4001494c77> Ecommerce 2020: The latest data and forecasts for all things online retail growth.2020.[Online].Availablethrough:< https://www.smartinsights.com/digital-marketing-strategy/online-retail-sales- growth/> Internet sales as a percentage of total retail sales (ratio) (%). 2020. [Online]. Available through:<https://www.ons.gov.uk/businessindustryandtrade/retailindustry/ timeseries/j4mc/drsi>
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