J.P. Morgan: THAILAND’S ECOMMERCE BOUNCES BACK; THE REST ARE TO CATCH UP
J.P. Morgan leverage high frequency alternative data to track evolution & impact of social distancing measures in Asia.
“In South Asia, e-commerce apps usage dropped sharply, in some cases even before T0. This could possibly be due to: 1) supply chain disruptions (including fulfilment delays from China) and 2) lower discretionary spending.
Thailand is the only country where e- commerce usage bounced back recently.”
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