E-commerce in the next decade

tulip

Active Member
In my opinion, traditional retailers couldn't stop the e-commerce wave and so they've also had to join the bandwagon. There was this time when I went mystery shopping. I got into this store, saw some pants that interested me then later on ordered from the comfort of my laptop and had it home delivered. I see a time when the consumer expectation will have risen tremendously, to the extent of the retailers being forced to closely engage other sector players (say logistics providers) so as to manage these high expectations.
 

Britney

Member
Can't stand in the way of progress, otherwise you'll get run over! I love the fact that most retailers are being forced to up their game because of the way e-commerce is taking over. It's good for us consumers.
 

Simone

Member
I think it's great that e-commerce took the industry by storm. It has really revolutionized the way we all do our shopping. I don't even know how I used to manage to get everything done before the internet.
 

Geordy

Member
Ecommerce has been pretty much the same for a while now. What is the next big thing that you think we're going to see in terms of technology within the next few years?
 

tulip

Active Member
Geordy, I don't think it has remained the same for sometime. Businesses with a great online presence are always looking for ways of improving service delivery. Competition is going to revolutionise e-commerce and I see creative e-solutions coming up in the next few years.
 
Last edited:

Connected

Member
Good point about logistics, tulip. To take that a step further, retailers can opt for drivers on their own payroll or call services like Postmates to come pick up the product(s) and deliver to the customer.
 

tulip

Active Member
Good point about logistics, tulip. To take that a step further, retailers can opt for drivers on their own payroll or call services like Postmates to come pick up the product(s) and deliver to the customer.
Exactly Connected. The thing is, it can only get better with time. I really don't see anything coming in the way of a great revolution, so to speak. As consumers, we can only push for better service delivery.
 
The future of ecommerce is uncertain, but some things remain constant – delivery times will improve, customer service will get increasingly better, and product selection will become ever greater and i have also read that in future drones will be used to deliver packages.
 
From shopping made from the armchair to the closure of traditional stores to move into the online environment, e-commerce influences every business decision, both at the management level and among the buyers.

Organizations, in front of electronic commerce
New technologies generate new approaches at the organizational level. For example, an e-commerce department may have a different structure from traditional sales. New procedures must be created alongside a new type of management and planning.
Changes brought about by the digital age are found in the way jobs, wages, careers are looked at. Increased global competition leads to staff reductions and outsourcing where the structure allows, to low-cost countries. Employees in the digital age need to be flexible. Workplace security is relative, so many are facing the challenge of constantly learning, adapting, and making decisions.
The creation of new products and the innovative personalization of existing ones can lead to redefining the mission of an organization and its way to operate. Through e-commerce, vendors can collect specific customer data. Alcatuid profiles, companies have at their disposal an important source of information to improve products or create new ones.

Mass customization helps manufacturers create specific products based on the exact customer need. An example is Motorola, which, with customer information, sends it to the factory and the products can be built and shipped within one day.
Impact on direct marketing
Product promotion has been enriched at content level and interactive customer interaction. Electronic commerce (online) has created a new distribution channel and bidirectional communication, all with low mute costs. The economy is found in the cost of delivering information to customers, compared to traditional methods. The acquisition process takes even a few seconds, but the real economy is found in the administrative delivery of actual delivery, especially in the case of international acquisitions. Here the process duration can be reduced by up to 90%.
The customer service is significantly improved by accessing online information or by providing support through the mail service. At the same time, customers can consolidate the trust relationship with their corporate brands through the corporate web page.

An important feature of electronic commerce is the presoning of both services and products. Currently we can set up computers, cars, jewelry, etc. E-commerce offers the possibility of mass customization, offers competitive advantage and contributes to increasing demand for certain products or services.

Impact on production
Electronic commerce changes the production system from mass to demand based. The production system is integrated with the financial, marketing, as well as business and customer partners. Using an Enterprise Resource Planning (ERP), commands reach designers and production within seconds. Execution time may drop to half or more, especially if the production team is located in another country.
For products whose components are manufactured in several countries, communication, collaboration and coordination are vital. Subcontractors purchase materials from local suppliers; With several price offers, they significantly reduce costs.
E-commerce can change the financial system
Finance and accounting are also sensitive to changes in e-commerce. Traditional payments are inefficient for electronic transactions. The use of electronic money is not facilitated by legal regulations and international agreements. But there are prerequisites for them to change soon the way payments are made. Electronic money, which can be guaranteed by currencies and goods, can change the financial lives of consumers in the long run or revolutionize current financial systems.
Supply chain management in e-commerce era
A supply chain comprises the flow of goods and information between the source and the consumer. The activities of such a process are: production planning, procurement, product management, distribution, customer service and sales forecasting. An effect of the change in e-commerce is to orientate it in the business-to-business environment to the customer instead of the product.
An effective e-commerce aspect is the cost. Consignors, freight forwarders and automotive companies can send electronic documents, saving time and money for delivering them by traditional methods. As the transport is in progress, invoices, instructions, statuses and other documents can be communicated
Google Translate for Business:Translator ToolkitWebsite TranslatorGlobal Market Finder
 
Similar threads
Thread starter Title Forum Replies Date
Prashant Sharan Kickass Commerce Podcast: Oliver Hoger discusses Bulk Domain Buying and Selling Patterns Resources 0
Prashant Sharan KickStart Commerce: TexasTieGuy.com’s Darrell Spence talks to Alvin Brown Resources 0
Prashant Sharan Podcast Alert !!! : KickStart Commerce's Alvin Brown talks to QualityNames's Hiren Patel about his amazing domaining journey Resources 0
Prashant Sharan KickStart Commerce Podcast : Alvin Brown talks to Yogi Solanki on selling 15+ Domains in 60 Days Resources 0
Prashant Sharan Internet Commerce Association introduces a more affordable membership option at half the price Registrars 0
domainking131 10 hot e-commerce companies with great domain names Non-Indian Domains 0
J SALE: Premium E-commerce domains For Sale 0
domainking131 Tata’s foray in to e-commerce with a 25-year plan Indian Websites and Start-ups 1
anquest Wed, May 19 | The Windsor Manor Hotel / BLR | 'E-COMMERCE IN INDIA: Drivers and Challenges' Indian Websites and Start-ups 0
domainking131 Despite low internet use, India's e-commerce market triples in five years Indian Websites and Start-ups 5
domainking131 Flipkart Challenges E-Commerce Entry Tax in Gujarat High Court The Lounge 0
domainking131 The future of Indian e-commerce lies on the app route The Lounge 0
Webportal 5 Things you can do to Increase Sales & Customer Engagement for your E-Commerce Storefront Marketing Your Website 0
anquest Commerce.ASIA Sells For $5K / Service.BIKE For EUR 5K (appx. US$5,620) / X.LIGHTING $3,999 New GTLDs 0
CyberKing India seeks global e-commerce tax rules ahead of G20 meeting The Lounge 0
Ace e-Commerce in India to grow to $90B General Indian Domain Name Discussion 2
anquest .ooo | Indian e-commerce firm Infibeam places a full page ad in 'The Times of India' New GTLDs 0
CyberKing India fastest growing e-commerce market in Asia-Pacific region; Business and Economy 0
CyberKing E-Commerce in India at an Inflection Point The Lounge 0
CyberKing Success of Flipkart and Snapdeal spawns name-copying in the e-commerce market The Lounge 0
CyberKing E-commerce & airlines: What are the eerie similarities? The Lounge 0
CyberKing The drivers of India's e-commerce growth - Comprehensive Report The Lounge 0
CyberKing Breaking News - Walmart to launch India e-Commerce Portal for wholesale trade The Lounge 8
iamthecountry e-commerce.co.in and others offers accepted For Sale 0
Jeff Interesting E-Commerce Financial Case Study Webmaster Forum 0
D Text links available on PR3 Website development/advertising and E-commerce blogs For Sale / Advertising 0
DNJournal.com How Category Defining Domains Are Helping Jesse Stein Build an E-Commerce Powerhouse Non-Indian Domains 0
C m-commerce.in and ymax.in domains for sale For Sale 0
E Must read for e-commerce project owners The Lounge 0
H Commerce.org.in For Sale 0
Ceres India's E-commerce and Internet Industry Indian Websites and Start-ups 8
C k-store.in m-store.in m-commerce.in Auctions 0
Z E-Commerce Indian Websites and Start-ups 3
Prashant Sharan Donuts will launch .Contact next week New GTLDs 0
Prashant Sharan ICANN releases policies for next round of new gTLDs Registrars 0
Prashant Sharan ICANN reduces it revenue outlook for the next year by 8% Registrars 0
Prashant Sharan ICANN’s next public meeting might be cancelled due to Coronavirus threat Registrars 0
Prashant Sharan Radix launches a free “Cheers & Beers” during next week’s NamesCon Registrars 0
Prashant Sharan Valuable domain names will be sold in Austin Auction next week Non-Indian Domains 0
Prashant Sharan NamesCon wraps European event and now have a locations for next 3 Registrars 0
Prashant Sharan NamesCon Global 2019's Trend Report - The Next Best Thing Resources 0
JulienJ Next new gTLD round unlikely before 2022 New GTLDs 0
JulienJ Donuts is shutting down HotKeys next week New GTLDs 0
JulienJ Namecheap to bring millions of domains in-house next week Registrars 0
domainking131 Next Generation of Tech Geniuses Signing Up to Study Cryptocurrencies Cryptocurrencies 0
Parth Which cryptocurrency will be the next BIG thing? Cryptocurrencies 2
H Get yOur shares in the next Google! For Sale / Advertising 0
wot Egyptian Heiroglyphics - The next domain thing? Non-Indian Domains 13
Dusart The next big thing Development Options 3
Jeff What's next? Business and Economy 6

Similar threads

whois



Forums dedicated to Indian domain names, including buying, selling, appraising, developing, and monetizing.

About Us

Threads
26,883
Messages
73,853
Members
7,639
Latest member
rohanarya2612
Top Bottom