For one, you have the growth of the e-commerce industry, which is backed by industrial facilities such as warehouses and fulfillment centers. The Urban Land Institute projects that 30 percent of all retail shopping will happen online by 2025, which has contributed to a boom in warehouse construction across the United States.
Second, more and more industrial suppliers are starting to launch their own e-commerce sites, making online ordering more and more prevalent, particularly for the MRO market. In fact, Modern Distribution Management reports that 70 percent of industrial distributors are in the process of developing e-commerce solutions.
For these companies, it’s not just a matter of taking catalogs and ordering systems online. They need to do it well. Not only to beat the competition, but to meet established expectations about e-commerce ease and functionality, which have been drilled into nearly everyone on the Internet by their experiences with consumer e-commerce sites such as What, then, are the criteria for doing industrial e-commerce well? And who is paving the way for best practices?
If you’d like to read up on what we consider the seven critical areas that all e-commerce sites need to attend to — data, search, pricing, photography, filters, content, and remarketing —But for a fair assessment of who’s doing industrial e-commerce well and who you should be watching, read on. Below we take a closer look at three leaders in the space that every
Social media has now become the hub for the merchants which enables them to analyze the customer choice based on their purchase activities. Social network like LinkedIn, Twitter, Google+, Facebook and others have become a medium for easy log-in and purchase. Moreover, the clients can stay updated via the posts published on this media. Further, the advertising & promotions on these social sites has increased the chances of success of generating transactions to many folds.
The latest trend in e-commerce it to focus on mobile based shopping. Snapdeal now getting half of its traffic from mobile, up from 5% around a year back and flipkart gets 40% traffic from mobile up from 15%. As price of smart phone reduce, these figures will only increase. For this reason, the larger ecommerce firm has started focusing on mobile commerce. It is speculated that the next wave of digital commerce consumer will come thru the mobile.
ECommerce Industry in India is to be considered. But balancing between the growing customer base, expanding market and customer trust is where the ecommerce organizations need to lay their focus on. And then as time passes, India is bound to become one of the largest players in the ecommerce market, even stronger than its present status.
To get a better idea in terms of how the eCommerce firms are doing spent on e-tailingand also spent on supporting services like warehousing, payment gateways, and logistics, among others. Delivery costs a platform owner another 8-10% which ends with the eCommerce giants making nothing profitable out of the deal. This explains why Amazon is yet to achieve a happy figure in profitability while the other Indian counterparts are nowhere in terms of even thinking about profitability, anytime in near future.
India in next 10 years, in my mind 10 years, would be close to $250 billion of e-commerce," According to him, e-commerce market would be driven by the local languages and broadband internet penetration into rural India. By 2017, India will have 350 million smartphones and it will create demand, the report said.We would see several trends growing, while e-commerce has mushroomed in India recently by 2017, we would have 500 million Indians connected to internet and it would create huge consumer opportunity india will also witness rapid urbanization and create an economy driven by the middle class.
E-commerce market in India has started to become crowded and complex with several players fighting for a fair E share of customers’ mind and wallet. As the competition in the e-commerce heats up, the companies are using multiple business models in order to get customer.
E-commerce companies have to offer a wide variety of payment options including CoD, credit and debit card, internet banking, among others. 60-70% of the payments are made using the CoD option in India as customers fear to share information online and do not trust the website for secure payments. Moreover, the return percentage of orders in CoD is much higher compared to online payments. To counter these fears, e-tailers have started to provide facility of paying with Card on Delivery.
fast growing to dominate in the ecommerce industry is that of social shopping. Social networks have started to play a significant role in the growth of the e-commerce business. The maturity of social media and its reach across masses and classes makes it a suitable platform for online sales. Social media pages provide information regarding new products in the market, user reviews and ratings of the product, recommendations, share products, etc. The most important contributing factor to the rapid growth of digital commerce in India is the increase in the use of smartphones. Mobiles and mobile accessories have taken up the maximum share of the digital commerce market in India.