The pandemic has accelerated the shift towards Ecommerce, with its share of U.S. retail jumping by 11% within eight weeks of the pandemic hitting the United States. This trend is likely to continue in the long term. Furthermore, the pandemic has led to a market consolidation around innovators or market giants with solid balance sheets, high-value assets, cheap debt and low fixed costs. Smaller companies and those already struggling, like JCPenny and Neiman Marcus, have been hit the hardest and this could lead to a decrease in market diversity. The stimulus capital has largely gone towards innovative firms, suggesting a potential long-term focus on innovation in the retail industry.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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