E-Commerce Business

The Evolving Landscape of E-Commerce Business

E-commerce

Introduction

High speed digital technology and the noticeable changes in consumer’s behaviour have affected the e-commerce industry and supported its incredible transformation. The internet has changed within the past two decades, from being supportive channel for sale, to be the main dominate platform for all the activities of the commercial sector all over the world. The widespread of cellphones, smartphones and the increasing of the marketplaces number, the customers expect an easier digital shopping experiences.
The pandemic of COVID 19 online communicationhas speed up the decision of businesses to invest in the online platforms to meet the increasing of the customers’ online shopping. The fast change in demand did not only affect the way companies deal with customers, but it pushed them to rethink the basic strategies used to develop their businesses. Here is a table that shows the yearly growth of E-commerce during the pandemic and after it:

Growth in E-commerce
Year E-commerce Sales in USD trillions
2019 $3.53 T
2020 $4.28 T
2021 $4.98 T
2022 $5.29 T
2023 $5.82 T
2024 $6.33 T
2025 $ 6.86 T

To follow up the rapid changes in market, companies do not have to present in the online market only, but also to have strong customer services, smart data analysis, and good digital structured platforms.inventory
 The platforms have been grown complexly so fast, in sequence the companies that are basically using these platforms must react by adopting new business strategies to rethink the required business models, in addition to the use of needed technological tools, and in order to adopting new inventory management styles.

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