The coronavirus news has led to concerns about the disruption of the global supply chain and e-commerce operations.

According to the World Health Organization, the Coronavirus, also known as COVID-19, was first reported on December 31, 2019 from Wuhan, China. There are more than 80,000 confirmed cases of Coronavirus and 2,700 confirmed deaths worldwide.

The epidemic has since spread to different parts of the world, affecting the supply chain and disrupting global sundays, merchants and retailers. Many small and large-scale enterprises are concerned about the economic repercussions of the epidemic.

As a full-service e-commerce agency providing comprehensive solutions, we aim to help you keep abreast of the latest news surrounding Coronavirus and how it is affecting the e-commerce world, as well as the steps you can take for your business.

However, not all enterprises are feeling the impact of the Coronavirus. There are some industries that may benefit, such as the online gaming industry and live streaming and social networking services.

“Some sectors may benefit from the coronavirus pandemic as people move from activities such as watching movies to online entertainment such as video games, live streaming and social networking”

On the other hand, the anxiety surrounding the Coronavirus has led to increased awareness of safety precautions and precautions by the public. This has led to an increase in the number of consumers buying N95 respirators on Amazon. The breakthrough masks have even boosted Amazon's sales ranks.

SHIPPING AND SHIPPING DELAYS

Many companies and retailers rely on China for their production, transportation of goods and other services.

International shipping has also been affected by the Coronavirus, so it affects on-time product delivery and causes product shortages for some online retailers.

China represents the third largest trading partner of the United States with an estimated 516 billion dollars of goods bought and sold between the two countries each dec.

A large part of supply chain shipments come from sea shipping, and most of the goods in the world are shipped by sea. When restrictions and quarantines were imposed, this affected the timely delivery of products to consumers.

Currently, many experts suggest that retailers doing business in China may need to find their supply chains and put more emphasis on e-commerce until the global health emergency subsides.

SECTORS AFFECTED BY CORONAVIRUS 

Many industries have been affected by the economic repercussions of the Coronavirus. The outbreak has led to product and inventory shortages, transport route stoppages, factory production closures in China, and general changes in e-commerce transactions or temporary product launch stoppages.

As the coronavirus continues to spread, 13 retail stocks continue to be hit by steep losses, according to Market Insider. These retailers include Nike Inc, Estee Lauder Companies, GAP Dec, Ralph Lauren Corp and many more.

Amazon, the world's largest online retailer, relies on the flow of goods between the United States and China. dec. It is also affected by the Coronavirus, according to Fox Business.  Amazon recently announced that Amazon will launch its 20th he said the flow of inventory was sufficient for the highly anticipated Prime Day, a sales event marking the anniversary, and sent an email to brands expressing concerns.

In general, the US industries most affected by the effects of Coronavirus include: travel and tourism, oil, global delivery, entertainment, technology, automobiles, food and clothing, and luxury.

THE IMPACT OF CORONAVIRUS ON THE TECHNOLOGY SECTOR 

The coronavirus is also beginning to affect the technology sector, which includes large companies such as Apple, Amazon and Facebook.

Apple recently released a press release and update on investor updates in the midst of the Coronavirus. Affected by the temporary restriction of iPhone supply worldwide and the demand for Apple products in China, they decided to meet their initial revenue guidance. According to Apple's press release, Apple's stores in China, as well as many partner stores, have been closed, and the stores that are open are also operating at reduced hours.

Apple has temporarily closed 42 of its stores on the Chinese mainland, including the company's offices, according to Moneywise. As a result, Coronavirus can affect Apple shipping significantly less iPhones.

Apple assured its customers that it is working closely with suppliers and public health experts, and announced that these iPhone supply shortages will “temporarily affect worldwide revenues.”

E-commerce, retail, internet, and technology Alibaba Chinese multinational technology company that specializes in e-commerce operation, due to the Coronavirus outbreak that prevents employees process orders and delivery is affected by the deterioration of coronavirus .

HOW DOES THE CORONAVIRUS AFFECT E-COMMERCE? 

According to Bloomberg, the coronavirus has also affected American e-commerce gameboard companies such as Renegade Game Studios. The highly anticipated release of some of the company's board games has been pushed back due to reduced production operations for board games in China.

Due to the closure of various factories in China or the scaled-back operations of brick-and-mortar operations from US retail stores in China, many e-commerce and luxury and sportswear companies are taking a hit. Nike, for example, has closed half of its stores in China, and sportswear company Under Armour has indicated that its revenues could take a big hit on sales. Other luxury brands have also raised concerns about declining sales due to the outbreak.

HOW TO DEAL WITH THE IMPACT OF CORONAVIRUS ON YOUR E-COMMERCE BUSINESS? 

There are many steps you can take to protect your e-commerce business and prevent disruptions during the epidemic. Be sure to monitor the status of transportation and transportation and have open communication with your suppliers. To better understand the situation and possible delays, check in.

Make sure that you understand which regions are quarantined, whether certain factories are closed, and whether this will affect your e-commerce operations. Be sure to understand some of the regulations that are currently in force.

Consider increasing your inventory as a precaution due to expected delays, and also send a notification to shipments and customers who may be affected by delays in inventory. Make sure that all scenarios, such as your supplier, are probably closed for a longer period of time. It's a good idea to expand the options and look at multiple suppliers.

As an Izmir e-commerce agency, our thoughts are with those affected by the Coronavirus. We are continuing to monitor the situation to bring awareness and help our e-commerce customers better understand the changes and the steps that need to come.