Sharing Economy under COVID-19: Evidence from the United States

DOI

10.2991/aebmr.k.220307.366How to use a DOI?

Keywords

Shared Economy; United States; COVID-19; Online Platforms; Wal-Mart

Abstract

The implication brought about by COVID-19 in the first quarter of 2020 impacted the sharing economy in the United States. The research study explored the sharing economy in the US during the pandemic; the data studies were from January 2020 to June 2021. The purpose of the article is to understanding the economic pressures put on the sharing economy in the United States by covid19, as well as assessing the interactions between customers and suppliers in the sharing economy during the pandemic. Significantly, this information will help in understanding the importance of shared economy during crises and take advantage of the advancing technology in the current market and in the future. The focus was on the online platforms and the dynamics between consumers and suppliers in the US market. The study used a content analysis approach to evaluate data since no first-hand data on the shared economy would significantly help build a research conclusion. The study’s findings showed that as the COVID-19 measure took effect, the SE innovatively increased to maximize production and supply to consumers. Different supply chains such as Wal-Mart, Amazon, and other retailer outlets implemented a new mechanism to help improve suppliers and efficiently work under tight COVID-19 measures. In conclusion, the study concludes that as a result of COVID-19, the SE took a new entrepreneurial direction in increasing diversity within the US environment and recommends further study on SE on consumer perception to ascertain the future of SE in the US.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Hanqin Liang
PY  - 2022
DA  - 2022/03/26
TI  - Sharing Economy under COVID-19: Evidence from the United States
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2230
EP  - 2235
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.366
DO  - 10.2991/aebmr.k.220307.366
ID  - Liang2022
ER  -