Description
We will be operating in the retail space. More specifically, we will be selling household products and groceries. We plan to offer an e-commerce application that can allow people who live close to each other to form a common pool for orders and deliveries. This way consumers can enjoy cost savings and streamline their shopping process.
In the past year, we have seen a boom in e-commerce due to the pandemic. The COVID-19 crisis spurred Singapore’s digital economy to earn an additional US$500 million annually, and many say the change is here to stay as there has been a change in consumers’ mindset and attitude towards e-commerce. Businesses that do not adapt to this paradigm shift will struggle to stay afloat. E-commerce offers numerous benefits like lower operating costs while simultaneously reaching out to a larger audience.