• Retailers are closing stores and adding warehouse space as shopper spending shifts online amid the pandemic.
  • “Demand for good, old-fashioned warehousing has jumped exponentially,” said Tom Stringer, head of site selection for the business consulting firm BDO.
  • Spikes in demand for certain products have pushed some supply chains to their limits, leading to widespread shortages.
  • This has exposed a weakness in “just-in-time” inventory management models, and is driving some retailers to keep more products on hand.
  • Visit Business Insider’s homepage for more stories.

Warehouses are suddenly among some of the hottest real-estate assets in the US.

The pandemic is driving up demand for these spaces, which are generally large, no-frills industrial buildings used for commercial purposes like inventory storage, data centers, and logistics hubs.

“Demand for good, old-fashioned warehousing has jumped exponentially,” Tom Stringer, head of site selection for the business consulting firm BDO, said in an interview with Business

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Anil Nagar- led Adda247 also witnessed a 5X growth in terms of student base during this period

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Online learning platform Adda247 on Friday said it has registered a revenue growth of five times in the past six months in its vernacular business since the onset of the COVID-19 lockdown.

It has also witnessed a five times growth in terms of student base during this period.

The edtech platform provides study material and e-content for all competitive national exams such as banking, SSC, RRB and NTPC, among others, in regional languages. It is now preparing students for state-wise competitive exams in vernacular languages. The company’s regional channels’ YouTube subscriber base is over 1.55 million.

Commenting on the growth achieved by the

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Founder of FinancialWellnessMD, BioWise Capital, and Smart Block Capital.

As a result of the coronavirus and more people staying at home, the reality is that the vast majority of businesses now must now be able to operate online. While this might be painful for those who have long delayed this essential transition, I believe embracing e-commerce has the potential to lead them into their best years yet.

The New Economy

We are in a new era of work, business, daily life and investing. Stores around the world had to close their doors — and some are even re-closing those doors after reopening temporarily. Meanwhile, Amazon Founder Jeff Bezos is predicted to become a trillionaire by 2026. Videoconferencing software Zoom, which has also been a major beneficiary of this new era, saw its revenues grow 169% in just the first three months of 2020.

This shows me that the

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Maria Viego and Cooper Glynn were thriving at their elementary schools. Maria, 10, adored the special certificates she earned volunteering to read to second-graders. Cooper, 9, loved being with his friends and how his teacher incorporated the video game Minecraft into lessons.

a man standing in front of a fence: Andrew Diaz, about to start 11th grade at Lynwood High School, lacked a computer for weeks and struggled to find motivation after campuses closed in March. He's determined to reconnect with his schoolwork in the fall. (Dania Maxwell / Los Angeles Times)

© Provided by The LA Times
Andrew Diaz, about to start 11th grade at Lynwood High School, lacked a computer for weeks and struggled to find motivation after campuses closed in March. He’s determined to reconnect with his schoolwork in the fall. (Dania Maxwell / Los Angeles Times)

But when their campuses shut down amid the COVID-19 pandemic, their experiences diverged dramatically.

Maria is a student in the Coachella Valley Unified School District, where 90% of the children are from low-income families. She didn’t have a computer, so she and her mother tried using a cellphone to access her online class, but the connection kept dropping, and they

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“Even in these challenging times, we delivered record digital transaction growth in July that accelerated to 124%,” said Alex Holmes, MoneyGram Chairman and CEO.  “After reporting a strong June where the Company returned to year-over-year global revenue growth, we’ve continued to see the underlying momentum in our business strengthen as our customer-centric digital transformation drives extremely strong results.”

Overall year-over-year July digital transaction growth of 124% and digital revenue growth of 109% was driven by the following components:

  • MoneyGram Online, the Company’s direct-to-consumer channel, delivered 126% year-over-year transaction growth in July, led by cross-border transaction growth of 207% as strong adoption of the MoneyGram app continues to grow in markets around the world;
  • Digital partnerships delivered 101% year-over-year transaction growth in July, an acceleration from 97% year-over-year transaction growth in the second quarter
  • Account deposit and mobile wallet transactions increased 165% in July, which is an acceleration from
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A trustworthy, convenient, and smart platform for global users with six-month free trial

Beijing, China – August 11th, 2020 – DHgate.com, one of the leading B2B cross-border e-commerce marketplaces in China, launched its newest Software-as-a-Service (SaaS) platform – MyyShop on August 8th.

The new platform is powered by SaaS-based services and tools, including comprehensive supply chain systems, smart software and technologies, and worry-free services that create the ultimate streamlined online e-commerce experience – all accessible through one convenient and simple portal at www.myyshop.com.

MyyShop aims to solve many of online resellers biggest challenges such as insufficient supply, poor quality, slow logistics, and inadequate services. It provides one-stop trustworthy, convenient, and smart tools and services with a focus on two businesses – online store creation and advanced dropship services. It completely redefines this industry by offering rapid website creation, strict supplier selection, AI-assisted product recommendation, smart finance, dropshipping, local delivery, full-channel

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a hand holding a cellphone: The Depop app. Depop

© Depop
The Depop app. Depop

  • Whether it’s a side hustle or a full-time gig, a successful online business requires a carefully crafted strategy, strong relationships, and time, among other things. 
  • These guides show you exactly what it takes to launch a profitable business on some of the top online platforms, including Amazon, Etsy, Depop, Poshmark, and eBay.
  • Top sellers, entrepreneurs, and other experts regularly chat with Business Insider to provide insights and advice from their own experiences selling on these apps. You can read them all by subscribing to Business Insider.

Check out the guides below if you’re thinking about launching your business on an online platform like, say, Amazon, where more than 15,000 American businesses surpassed $1 million in sales in 2019, according to Keri Cusick, head of small business empowerment. 


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Get your shop set up: The 6 key steps to launching a successful

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If you thought Americans had an online shopping problem, wait until you see the latest numbers. 

© Luca Sage | Getty Images

According to a recent eMarketer survey, ecommerce is expected to see 18 percent growth in 2020. New consumers joining the online shopping craze and a surge in click-and-collect delivery options, such as curbside, are responsible for the rise.


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As expected, businesses across the country have made moves to capitalize on this digital boom. In the past few months, we’ve seen popular distilleries pivot to pumping out hand sanitizer and live entertainment go virtual. 

With a little ingenuity, it’s possible to keep the lights on and even grow your business in the midst of the pandemic. Use these creative ideas to get the wheels turning and imagine how these innovative solutions could impact your bottom line before the end of 2020.

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In the age

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