E-commerce during the pandemic: Turning adversity into opportunity | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Sunday
July 06, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
SUNDAY, JULY 06, 2025
E-commerce during the pandemic: Turning adversity into opportunity

Thoughts

Shartaj Aziz Hossain
11 May, 2020, 10:30 am
Last modified: 11 May, 2020, 03:43 pm

Related News

  • How courier failures are undermining Bangladesh’s online perishables trade
  • One dies from COVID-19 in 24 hrs
  • Covid-19: Two more deaths, 7 new cases reported in 24hrs
  • Covid-19: One more death, 10 new cases reported in 24hrs
  • Three die from Covid-19 in 24 hrs

E-commerce during the pandemic: Turning adversity into opportunity

Being a part of the e-commerce sector at this moment is like being on a roller-coaster ride, where forecasting anything or even trying to anticipate anything feels like a gamble

Shartaj Aziz Hossain
11 May, 2020, 10:30 am
Last modified: 11 May, 2020, 03:43 pm
E-commerce during the pandemic: Turning adversity into opportunity

Who knew the year 2020 would be a year of such changes? We are now living in an unprecedented world. As the coronavirus is spreading and the lockdown is extending, we are seeing its impact on society, economy and business.  

During this global pandemic, the e-commerce sector has been experiencing unanticipated changes in demand, growth and revenue patterns. Most of these patterns, unfortunately, are towards a negative downturn.

Longer delivery time, stock-out due to interrupted supply chain and customer dissatisfaction has made entrepreneurs very worried. According to a delivery man, lockdowns in most areas and nonstop interrogation from law enforcement agencies, despite having an ID card, has made completing his deliveries an everyday challenge.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

In order to maintain social distance, physical stores are closed. E-commerce sites are the only option for customers for their necessary shopping - including groceries, medicines, hygiene & personal care products etc.

However, entrepreneurs retailing non-essential or luxury items are agitated that any kind of layoff in the economy will bring a downward demand pattern.
Shajgoj Limited, an e-commerce site serving the beauty and personal care market has done a fantastic job by diversifying their products, focusing on hygiene and medical supplies. This sort of smart decision-making can give a lifeline to this sector, even when the country is expected to have a decrease in GDP.

However, e-commerce sites with physical stores still have to endure some loss.

Photo: Collected
Photo: Collected

On the other hand, industry insiders tout e-commerce as an emerging sector. In this consumer-driven world, some clicks on the gadget on top of a customer's palm gets them their desired essential products.

Entrepreneurs can take this situation positively. This is the time they can make consumers habituated to online shopping by gaining their trust, maintaining good quality, and allowing customers to realize their advantages, while retaining the old ones.

While smooth logistical support must be also ensured, customers will also have to understand the situation and have patience with the slight delays in delivery.

Employers are already very rigid about the safety of employees; proper PPE is being provided to the employees, especially to the delivery men who are physically travelling to the affected areas. Entrepreneurs are maintaining proper sanitization of the product till it reaches to the consumers.

From onboarding a product till sending it to the customer, hygiene is being maintained in every step. Digital transactions are always being encouraged to avoid any physical interaction.  

Even though the country made a late debut in this sector, the industry has come a long way. The country is now home to almost 2000 e-commerce sites and more than 50,000 social media-based outlets, leading to delivery of 30,000 products per day.

Since this sector is still in the growth stage, it does not have the ability yet to endure this sudden shock. This sector consists of young professionals and entrepreneurs who came to the business with their final savings and many have even taken loans.

Many of these businesses were about to reach their breakeven point, meaning no retained earnings or reserve is there. In light of the situation, government support is something that everyone is looking forward to.

The government must come forward for this promising sector; with interest-free loans, special incentives, exemption from surcharge on existing loans, postponement of loan installment, for  better cash flow and working capital.

The sector is playing a vital role in employing a massive population; the government must also ensure free movement and insurance for the employees working for this sector. Even though they are not frontline fighters, they still are warriors, fighting this battle; providing a steady supply of essentials to every household, along with contributing to the economy.

This sector is serving in three levels; B2B, B2C & C2C. It is expected to be the next key driver for economic development.

According to findings of E-CAB, in 2017, this sector grew by about 325% compared to the previous year, from TK4 billion to 17 billion. The market value is expected to escalate to TK 70 billion by the year 2021.

Thus, this sector should be kept in this track because it can become a lifeline to the falling economy. This sector must prosper as the linchpin of the fourth Industrial Revolution.

Nonetheless, being a part of the e-commerce sector at this moment is like being on a roller-coaster ride, where forecasting anything or even trying to anticipate anything feels like a gamble.

Understanding, accepting and acting according to the new consumer buying patterns would be the best choice. Hoping coordination and support from relevant stakeholders will bring a ray of hope for this sector in the long run.

Top News

e-commerce / COVID-19 / Coronavirus / Adversity / Opportunity

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • NGO leaders from different Muslim countries pose for a photo with Chief Adviser Muhammad Yunus at the state guest house Jamuna in Dhaka on 6 July 2025. Photo: CA Press Wing
    CA Yunus urges Islamic NGOs to take up social business to support Muslim world
  • BNP leaders during a press conference on 6 July 2025. Photo: TBS
    Election delay anti-democratic, goes against July-August spirit: Fakhrul
  • Jamaat-e-Islami Nayeb-e-Ameer Syed Abdullah Mohammad Taher. File Photo: Collected
    No objection to February polls but oppose a hastily arranged one: Jamaat

MOST VIEWED

  • The release was jointly carried out by the Forest Department and the Chattogram Zoo authorities as part of an ongoing initiative to conserve wildlife and maintain ecological balance. Photo: Collected
    33 Python hatchlings born in Ctg zoo released into Hazarikhil sanctuary
  • File photo of a new NBR office in Agargaon, Dhaka. Photo: UNB
    NBR launches 'a-Chalan' for instant online tax payments
  • Customs bureaucracy: Luxury cars rot at Ctg port
    Customs bureaucracy: Luxury cars rot at Ctg port
  • Infograph: TBS
    How BB’s floating rate regime calms forex market
  • Finance Adviser Salehuddin Ahmed talks to reporters in Brahmanbaria on Saturday, 5 July 2025. Photo: TBS
    Raising savings certificate interest rates will hurt banks: Finance adviser
  • Saleudh Zaman
    ‘We are dying’: Adverse policies drive most textile millers to edge, say industry leaders

Related News

  • How courier failures are undermining Bangladesh’s online perishables trade
  • One dies from COVID-19 in 24 hrs
  • Covid-19: Two more deaths, 7 new cases reported in 24hrs
  • Covid-19: One more death, 10 new cases reported in 24hrs
  • Three die from Covid-19 in 24 hrs

Features

Students of different institutions protest demanding the reinstatement of the 2018 circular cancelling quotas in recruitment in government jobs. Photo: Mehedi Hasan

5 July 2024: Students announce class boycott amid growing protests

1d | Panorama
Contrary to long-held assumptions, Gen Z isn’t politically clueless — they understand both local and global politics well. Photo: TBS

A misreading of Gen Z’s ‘political disconnect’ set the stage for Hasina’s ouster

2d | Panorama
Graphics: TBS

How courier failures are undermining Bangladesh’s online perishables trade

2d | Panorama
The July Uprising saw people from all walks of life find themselves redrawing their relationship with politics. Photo: Mehedi Hasan

Red July: The political awakening of our urban middle class

2d | Panorama

More Videos from TBS

Karbala; one of the saddest and most tragic events in Islamic history

Karbala; one of the saddest and most tragic events in Islamic history

24m | TBS Stories
News of The Day, 06 JULY 2025

News of The Day, 06 JULY 2025

2h | TBS News of the day
Govt Service Ordinance: Compulsory retirement to replace dismissal for misconduct in govt job

Govt Service Ordinance: Compulsory retirement to replace dismissal for misconduct in govt job

4h | TBS Insight
Iran’s Khamenei makes first public appearance since war with Israel

Iran’s Khamenei makes first public appearance since war with Israel

5h | TBS World
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net