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In: Economics

what technological trends affect electronic shopping and mail-order houses in covid 19?

what technological trends affect electronic shopping and mail-order houses in covid 19?

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Expert Solution

The COVID-19 pandemic has accelerated 10 key developments in technology, including digital payments, telehealth and robotics; Such innovations will help to reduce coronavirus spread, thus allowing businesses to stay accessible.
Technology can help to make society more resilient to pandemic threats and other challenges.
Technologies play a vital role during the COVID-19 pandemic in keeping our society functioning at a time of lockdowns and quarantines. And beyond COVID-19 these technologies can have a long-lasting impact.

COVID-19 has taken online shopping from a nice-to-have to a worldwide must-have. Some Beijing bars have also held on offering happy hours through online orders and delivery. A comprehensive logistics network will support the online shopping. Delivery in person isn't virus-proof. Many US and China delivery companies and restaurants are offering contactless delivery systems where items are picked up and dropped off at a specified location rather than from or into a person's hands. The Chinese e-commerce giants are also stepping up their robot delivery growth.

Cash may carry the virus, so central banks in China, the US and South Korea have taken numerous steps to ensure that banknotes are clean before they go into circulation. Now, contactless digital payments, whether in the form of cards or e-wallets, are the preferred mode of payment to prevent COVID-19 spreading. Digital payments allow people to make goods, services and even utility payments electronically, and collect stimulus funds faster.

A lot of businesses have requested workers to work from home. Remote work is facilitated by technologies like virtual private networks (VPNs), voice over internet protocols (VoIPs), virtual meetings, cloud technology, working collaboration tools and even facial recognition technologies that allow a individual to appear in front of a virtual background to maintain the privacy of the home. Remote jobs, in addition to preventing the spread of viruses, often saves travel time and provides more flexibility.


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