Uploaded on Apr 28, 2022
PPT on the overview of E-Commerce.
A World of E-Commerce.
A WORLD OF E-COMMERCE Introduction • Ecommerce now plays a vital role in our daily lives. It is redefining people’s commercial activities around the world. • Over the years, ecommerce has evolved in profound ways. Source: techtimez.com Growth of ecommerce • The growth of ecommerce around the world is unstoppable, with double- or even triple-digit growth seen annually since its emergence in the mid-1990s. • This growth has enormous technical implications for both application and deployment architecture, with all indications that this growth is likely to continue for the coming decades Source: oreilly.com Reasons for the growth • Increasing use of technology • Internet use • Internet-enabled devices • Inherent advantages of ecommerce • Price advantage • Convenience • Large product assortment Source: oreilly.com Reasons for the growth cont. • Technological advances • Closer tie-in with the physical world • Increasing maturity of ecommerce offerings Source: oreilly.com Increasing Use of Technology • Ubiquitous internet connectivity has been a direct driver of ecommerce growth, as the Internet is a prerequisite to the “e” in “ecommerce.” • In developed countries, 77% of individuals use the Internet, whereas in developing countries, that figure is a lower 31%.2 Source: oreilly.com Internet-Enabled Devices • Internet-enabled devices of all types now make it easier to shop wherever and whenever. • It wasn’t too long ago that the only way to get online was through a stationary computer connected to the Internet over a dial-up modem. Source: oreilly.com Price Advantage • Many customers believe that pricing is better online. For the most part, this is true. Lower overhead, lower taxes, and disintermediation have all played roles in driving down prices online. Source: oreilly.com Convenience • The costs to customers of shopping in a traditional retail store can be substantial. Quantifiable costs include the following: • Time away from home or work • Transportation costs, including fuel for your car or public transportation costs • Often higher costs due to an inability to comparison shop Source: oreilly.com Customer-friendly policies • Customer-friendly policies such as free shipping and free returns are cutting into margins less as shipping costs are being reduced. • The clear trend of the past decade has been away from giant monolithic fulfillment centers to smaller, more regional centers that are closer to customers. Source: oreilly.com The Rise of E-Commerce in India • Recently, Indian government introduced various reforms to help the nation’s e- commerce industry grow. • The onset of lockdown and a push towards digitization proved to be a blessing in disguise for the sector. Source: gartner.com
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