In the guise of rules, let’s not kill the golden goose
First published on 9 Oct, 2021 in the Daily Star Local e-commerce platforms have experienced exponential growth in recent years, with changes in people's living standards and shopping behavior. According to the E-Commerce Association of Bangladesh (ECAB), the e-commerce sector in Bangladesh has experienced an approximate 100% growth in 2016-19. The fast rate of internet adoption, improvement in logistics communication, and the continuous improvement in online banking & mobile financial services (MFS) have played crucial roles in this tremendous growth of the e-commerce sector. Also, the rise in the tech-adaptable young population (over 50% population are under 35 years) and the increasing rate of Middle and Affluent Class (MAC) populations (10% per year) has fueled the growth of this sector. However, the COVID-19 breakout has dramatically paced the growth of this industry. While the implementation of lockdown one after another caused a lot of damage to almost all other ...