Thank you for Subscribing to Food Business Review Weekly Brief
How Can Organizations Help E-Commerce Industry Roll-Up the Next Phase of Growth
According to the Italian consultancy Finaria, global e-commerce retail sales will reach more than 2.7 trillion dollars in 2021, and should reach 3.4 trillion dollars in 2025. These figures express once again that the future of e-commerce is stable, with no signs of falling.
FREMONT, CA: With people staying at home during the 2020 pandemic, it resulted in a tremendous surge in demand for goods sold digitally. According to the Italian consultancy Finaria, global e-commerce retail sales will reach more than 2.7 trillion dollars in 2021 and should reach 3.4 trillion dollars in 2025. These figures express once again that the future of e-commerce is stable, with no signs of falling. Though the numbers are enormous, the e-commerce sector is not devout of hindrances in providing a seamless exchange of products between businesses and customers.
This leaves rope for third-party vendors to pitch in and make the best of this moment. There are numerous ways in which organizations can help e-commerce overcome challenges over the next few years. Companies providing smart warehousing services can help reduce such challenges with more seamless integration and better transparency in delivery schedules. Questions such as when to deliver the product, how to deliver, whom to deliver are some issues that smart warehousing can help with ease.
Firms offering robots and bots can further help complete activities like transporting items from shelf to shelf or serving to help monitor and survey activities. This can increase productivity up to almost three times for e-commerce.
Web deployment and designing firms can further leverage this possibility and cover the demand-supply gap with personalized e-commerce offerings. Mentoring and training labs can design and conduct modules for senior managers and entrepreneurs for digital sales maximization strategy, among other areas.
It is most suggested that would-be entrepreneurs looking to leverage the gap between e-commerce supply and demand must keep their thinking and learning tabs on. The more information you have, it will help you make better decisions so as to give you that bonus threshold over your contestants entering this domain.
This content is copyright protected
However, if you would like to share the information in this article, you may use the link below: