The pandemic has accelerated the shift to e-commerce — or “from bricks to clicks” — by about five years, according to data from IBM’s U.S. Retail Index. The numbers show department store sales plunged 75% in the second quarter, though that’s expected to improve slightly for the year to a 60% drop. Meantime, e-commerce is projected to grow by nearly 20% in 2020, and Target, Walmart and Amazon have already capitalized on the shift. The numbers also show a shift in spending priorities, with clothing diminishing while groceries, alcohol and home improvement spending increase.
It took some time but it was truly worth it, Whats App has finally pulled the trigger on payments. Global users will be able to use this in phase 2 but Users in Brazil will be the first to be able to send and receive money through the messaging app, using Facebook Pay.
WhatsApp says that the payments service — which currently is free for consumers to use, but comes with a 3.99% processing fee for businesses receiving payments — will work by way of a six-digit PIN or fingerprint to complete transactions.
During Covid-19 majority of the companies and groups opted significantly social media platform to have formal or informal communications as work from home got in demand however whats app 1.5 billion users spread over 180 countries were not quite satisfied with the proposed limit of participants allowed in whats app video calling which forced them to used other applications for formal or informal video conference. On the other hand Pandemic overflowed traffic on other applications such as Zoom where there is no limit of participants to have a group conference. This escalating demand forced Facebook owned messenger application to retail there users by allowing more participants to talk with others simultaneously hence increased participants from 4 to 8 and it may increase further in future.
The man went to ATM to check is stimulus balance in account that whether he received the Trump stimulus amount deposited in his account or not? He almost lost his consciousness to see the balance he received on the slip which was indescribable, unbelievable and shocking at the same time. And more interestingly his response to that shock was more shocking
“I went to the ATM at the Family Express and once I withdraw $200 out of my account, I looked at the available balance that was still left in my account. “He come over and said ‘you ain’t going to believe this’ and I said, ‘come on, let’s go.’ We went back up to the same spot and it pulled out $8.2 million,” said Captain Samuel Vargas.
He was supposed to receive $1,700. Apparently, his account had $8.2 million in it. He is like what in the world is going on here?” said Firefighter Charles Calvin
Calvin tried the ATM again.”I ran the card again, and again, $8.2 million. I said man, something is up with this,” said Calvin. On Monday morning, Calvin called his bank to verify the record account is showing up. Bank responded we did not see any such amount in your Bank. However the stimulus amount was deposited $1,700.
“Of course, it makes you pause and think “what is going on,”” said Calvin. “If there is some kind of clerical error or what have you, they should be on top of it. It kind of sucks you go from being a millionaire on paper one second then back to being broke again, but I guess once you’re poor you ain’t got nowhere else to go but up.”
Most people who are eligible should have their money within two weeks
The Pandemic has costed over all $5 trillion to global business directly and indirectly. Retail, Hotel and travel industries are the prominent sufferers however cant ignore the Food industry. Major Retail stores have been instructed to practice strict precautions to save outrage. More than 90 store in USA have closed there doors for customers for unlimited time span in race to counter Pandemic. Stores which are continuing operations to serve basic grocery and pharmacy are observing strict precautions such as cleaning, social distance and reduced customer interactions as much as possible. As all the businesses are closed and people are in lock down, Earth is healing.
It wont be wrong to conclude that world has turned to single point agenda that is to counter global pandemic. Where everything is just going against humanity and everyone is waiting to return to normal as soon as possible, there is one thing that has favored the planet substantially and it seems that creator has showed up in favor of this world by clicking the reset button and turned the world to default settings for sometime. Lets not forget to talk about global atmosphere explicitly air index has improved exponentially.
All the predictions and anticipations experts claimed last year about year 2020 has ended up as scrap. March 2020 will be 31 days that the world will not soon forget. A novel corona virus that had infected tens of thousands in China, spread rapidly to many other countries, particularly European nations and the United States. Over the course of this one month, infections worldwide jumped more than seven fold, pushed health care systems beyond their limits and forced governments to announce border closures and lock downs to try and contain the virus which causes Covid-19. The World Health Organisation officially declared a pandemic during March, and the epicenter of the crisis shifted from China to Europe. Case numbers continued to rise despite calls for people to self-isolate, and more strict government measures, changing the daily lives of millions of people for the foreseeable future.
What Covid-19 is throwing into sharp relief is just how false our beliefs about markets are. Around the world, governments fear that critical systems will be disrupted or overloaded: supply chains, social care, but principally healthcare. There are lots of contributing factors to this. But let’s take two.