COVID-19 Pandemic as a Mediator of Online Commerce Development

The relevance of this study is determined by its specificity — the recent coronavirus pandemic that has affected all areas of activity, including the e-commerce market. Subjects from the top-40 countries in terms of COVID-19 infection rates were selected for analysis, including both developed countr...

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Main Authors: E. A. Konnikov, D. G. Rodionov
Format: Article
Language:English
Published: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2023-12-01
Series:Управленческое консультирование
Subjects:
Online Access:https://www.acjournal.ru/jour/article/view/2399
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author E. A. Konnikov
D. G. Rodionov
author_facet E. A. Konnikov
D. G. Rodionov
author_sort E. A. Konnikov
collection DOAJ
description The relevance of this study is determined by its specificity — the recent coronavirus pandemic that has affected all areas of activity, including the e-commerce market. Subjects from the top-40 countries in terms of COVID-19 infection rates were selected for analysis, including both developed countries and countries with transitional economies. The research aims to mathematically detail the influence of the coronavirus and its consequences on the ecommerce market. The study identified key factors that determined the size of the online market and described key development trends. The research considered two conceptual models, the first of which relates to the pre-pandemic period in 2019, while the second model reflects the situation after the pandemic and examines the year 2021. Factors of primary importance, such as ICT level, HDI index, average population age, number of internet users in the country, GDP, inflation, support for small business in the country, globalization index, press freedom index, and the presence of international agenda in the country’s news, were selected as first-order factors. According to the forecast, the growth rates of the online trading market will consistently remain at a high level and will not return to pre-pandemic levels. By understanding the impact of the coronavirus on the e-commerce market, market participants can adjust their development strategy for more effective response to changing market conditions.
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spelling doaj-art-70983a2bb3fc475899023970febd65c62025-08-20T02:01:28ZengNorth-West institute of management of the Russian Presidential Academy of National Economy and Public AdministrationУправленческое консультирование1726-11391816-85902023-12-01011606810.22394/1726-1139-2023-11-60-681897COVID-19 Pandemic as a Mediator of Online Commerce DevelopmentE. A. Konnikov0D. G. Rodionov1Peter the Great St. Petersburg Polytechnic UniversityPeter the Great St. Petersburg Polytechnic UniversityThe relevance of this study is determined by its specificity — the recent coronavirus pandemic that has affected all areas of activity, including the e-commerce market. Subjects from the top-40 countries in terms of COVID-19 infection rates were selected for analysis, including both developed countries and countries with transitional economies. The research aims to mathematically detail the influence of the coronavirus and its consequences on the ecommerce market. The study identified key factors that determined the size of the online market and described key development trends. The research considered two conceptual models, the first of which relates to the pre-pandemic period in 2019, while the second model reflects the situation after the pandemic and examines the year 2021. Factors of primary importance, such as ICT level, HDI index, average population age, number of internet users in the country, GDP, inflation, support for small business in the country, globalization index, press freedom index, and the presence of international agenda in the country’s news, were selected as first-order factors. According to the forecast, the growth rates of the online trading market will consistently remain at a high level and will not return to pre-pandemic levels. By understanding the impact of the coronavirus on the e-commerce market, market participants can adjust their development strategy for more effective response to changing market conditions.https://www.acjournal.ru/jour/article/view/2399covid-19online tradingsystemic developmentcomprehensive analysisregression analysis
spellingShingle E. A. Konnikov
D. G. Rodionov
COVID-19 Pandemic as a Mediator of Online Commerce Development
Управленческое консультирование
covid-19
online trading
systemic development
comprehensive analysis
regression analysis
title COVID-19 Pandemic as a Mediator of Online Commerce Development
title_full COVID-19 Pandemic as a Mediator of Online Commerce Development
title_fullStr COVID-19 Pandemic as a Mediator of Online Commerce Development
title_full_unstemmed COVID-19 Pandemic as a Mediator of Online Commerce Development
title_short COVID-19 Pandemic as a Mediator of Online Commerce Development
title_sort covid 19 pandemic as a mediator of online commerce development
topic covid-19
online trading
systemic development
comprehensive analysis
regression analysis
url https://www.acjournal.ru/jour/article/view/2399
work_keys_str_mv AT eakonnikov covid19pandemicasamediatorofonlinecommercedevelopment
AT dgrodionov covid19pandemicasamediatorofonlinecommercedevelopment