Uploaded on Nov 17, 2022
PPT on perks of e-commerce
PERKS OF E-COMMERCE
PERKS 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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