As the common saying goes, change is the only constant in our lives. And in the case of the coronavirus pandemic, this is especially true. The situation changes with every week, which makes it difficult to predict how the markets will react to the crisis. Consequently, almost everyone has their own theory about what the economic downfall and social distancing means for our future.

For the past few weeks, I’ve been on a mission to convince our clients that investing in their online presence and eCommerce is the only way to go. Currently, selling products online is the only option for many companies and it might take months before this changes. However, when the worst is over, eCommerce will most likely grow on as the habits of buyers will have been irreversibly shaped by the crisis.

One can say with certainty that many companies and individuals will not be able to adapt to the new reality in time, mostly due to the nature of their business or the lack of agility. And the consequences of this will be impossible to avoid. A quick glance at the statistics already shows the first economic symptoms of the virus as almost 9.000 people have lost their jobs since the beginning of the epidemic. To put things in perspective: before the end of February, the Employment service of Slovenia had 77,484 registered job seekers in its database. One doesn’t need an economics degree to see that the situation will take a turn for the worse.