Netimperative
Netimperative
  • Home
  • Ads
  • Content
  • Mobile
  • E-commerce
  • Social
  • Regulation
  • Video
  • Viral
Menu
  • Apple
  • Amazon
  • Facebook
  • Google
  • twitter
  • WhatsApp
  • YouTube

Remote working continues post lockdown: Telecoms trading volumes almost double pre-Covid levels

August 5, 2021
A gradual return to the office has had little to no impact on business investment in virtual collaboration technology according to new data from Tradeshift, which found telecoms spending is almost twice as high as it was prior to the pandemic.

A gradual return to the office has had little to no impact on business investment in virtual collaboration technology according to new data from Tradeshift, which found telecoms spending is almost twice as high as it was prior to the pandemic.

According to Tradeshift’s latest Index of Global Trade Health, which analyzes transaction data between buyers and suppliers, the number of telecoms-related transactions crossing the company’s platform was up by 90% in Q2 compared to pre-pandemic levels.

The significant uptick in telecoms spending is in stark contrast to the dramatic decrease in travel and hospitality spending since the pandemic. Business travel was 30% below pre-pandemic levels but the volume of transactions processed by Tradeshift has been increasing consistently since the first lockdown eased.

Corporate hospitality spending dropped 81% in Q2 2020. A year on and it’s tracking at the same level suggesting client entertaining and networking events will remain virtual, at least for the time being.

Christian Lanng, CEO, Tradeshift, said: “For a lot of businesses remote working began as a defensive act, a way to keep the lights on during a very challenging period. But the upside of collaborating virtually quickly became apparent.

“As economies open up, I think we all have a renewed appreciation of what it means to come together in person. But we’ve come too far to go back to ways of working which suddenly feel like they belong to a different era. Getting together is still going to be part of working life, but those opportunities will come at a premium. Zoom is going to do the same thing to professional services as the container did to physical trade.”

“For our own part, we decided pretty early on that this change is not temporary, and whatever we come back to will not look like what we were used to before. Like many companies we decided that the future of work was not a binary choice between a fully remote workforce and one that is fully office-based.

“A lot of our teams are spread internationally, so remote working makes a lot more sense than going into an office to sit on Zoom calls. For other teams, particularly sales, it’s useful to be able to sit together and bounce ideas around. Flexibility has been absolutely central to our thinking.”

www.Tradeshift.com

Mobile technology

Archives

Tags

advertising agencies Amazon analytics Android Apple apps Australia BBC brands Brazil broadband China Christmas comScore content digital marketing ecommerce email Entertainment Europe Facebook France games Germany global Google government images infographic local marketing media Microsoft music Privacy retail Search security smartphones technology Twitter UK video YouTube

Recent Posts

  • Top six Valentine’s Day ads for 2022
  • 2021 Halloween: digital marketing campaigns we loved this year
  • Empowering employees; the critical link between EX and CX
  • Investing in in-app social features is a must in a world that is crying out to be connected
  • QR codes, Gen Z and the future of OOH

Copyright © 2023 Netimperative.

Magazine WordPress Theme by themehall.com

We use cookies to improve the website and your experience. We’ll assume you’re okay with this, but you’re welcome to opt-out
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.