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Jan 3, 2022 · The Philippines is relying on its digital economy to push economic recovery from the aftermath of the COVID-19 pandemic throughout 2020 and 2021. As brick-and-mortar businesses suffer from lockdown measures and nationwide virus containment approaches, the Philippines emphasize e-commerce development as the vital engine of economic resilience.
Dec 11, 2021 · The country’s e-commerce transaction value may hit almost P500 billion over the next five years after the pandemic encouraged more activities online.
- Louise Maureen Simeon
With the convergence of technology, changing consumer behavior, and an increasingly mobile population, the Philippines stands out as one of the most promising e-commerce markets in Southeast Asia. This article explores the key trends behind this rise, offers predictions for future developments, and provides insights into how businesses and consumers alike can navigate the evolving e-commerce ...
Oct 2, 2024 · E-commerce has taken the Philippines by storm following the popularity of online shopping channels that replaced traditional retail and cash-dependent trade during the COVID-19 pandemic.
- Traditional Retailers Respond
- E-Commerce Evolution
- Behaviour in The New Normal
As part of the evolution of Singapore-based Grab from a ride-hailing start-up to a super app, the company launched a GrabMart service for the provision of pandemic essentials in March 2020. The portal enabled traditional grocery and convenience stores to reach at-home consumers with on-demand delivery. Meanwhile, other retailers launched online sto...
The e-commerce segment has evolved as merchandisers explore new ways to reach consumers. Singapore-headquartered e-commerce player Shopee launched an in-app, live-streaming platform in the Philippines in June 2019 through which sellers can build a following to promote their products and offer discounts to viewers. This platform proved to be a succe...
The elevated rates of e-commerce usage during the pandemic look set to remain a more permanent feature of the retail landscape. According to a poll released by Visa in July 2020, 73% of Filipino consumers are likely to sustain or increase their pandemic level of online shopping once restrictions are eased. However, 37% of the same consumers reporte...
Jan 24, 2024 · In 2021, the Philippines’ eCommerce market sales reached $17 billion, largely contributed by 73 million online active users. This is estimated to reach $24 billion, with 17% growth, through 2025. The COVID-19 pandemic increased the eCommerce demand, with Filipinos working and studying from home.
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Oct 7, 2021 · Last September 29, a BusinessWorld Insights session on “The future of retail & logistics after e-commerce boom” went through the changes in the sales and delivery of products via digital channels, as well as the advantage of e-commerce to Philippine businesses and economy.