Since its establishment in 2015, Shipway has revolutionized eCommerce operations for over 15,000+ online sellers, including renowned D2C brands such as Libas and Lenskart. With a growing user base of over 6,000 monthly active users, Shipway continues to deliver reliable and efficient logistics solutions. The company experienced a remarkable 5X revenue growth within the past 12 months, showcasing its commitment to excellence. To improve the overall post-purchase customer experience, Shipway has a tracking & notification solution with which merchants can keep customers updated at every milestone.
Jitin Masand is the Founder and Managing Director of OKIE, one of India’s leading home entertainment brands. With an illustrious career spanning over 18 years, his talent and dedication have contributed to the growth and success of the brand. Nurturing the Roots of a Greener, More Sustainable Food Chain
Traceability in the food value chain is catalyzing significant socio-environmental impact. The UN Food and Agriculture Organization states that if about a third of the food that gets lost or wasted were saved, it could feed more than 870 million people.
Pros and cons of offering online e-commerce shopping
It’s become a much easier way to shop considering that it doesn’t even require you to leave your house! The UK-based A Great Place To Be blog outlines a number of reasons why online shopping is so popular. Agarwal asserted that one of the main challenges in supply chain management was balancing the need to keep costs low with the requirement to maintain high levels of customer service. This could be especially difficult for e-commerce companies like Pepperfry, as they have to deal with a high volume of small and varied orders and have to ensure timely delivery to customers while keeping costs low. “AI, machine learning, and IoT will drive the next phase of development in supply chain management. IoT-based supply chain will give an organization a real-time view of how the systems function and how the processes move,” he added. Excitingly, marketing efforts can also be optimized through AI, with algorithms predicting which products are likely to sell well and which marketing channels will be most effective.
An extremely advantageous factor for working adults is the ability to shop 24 hours a day and 7 days a week. Where once you had to wait until the weekend or hurry after work to buy the products that you needed, you now have these products at your fingertips whenever you need them. Rather than have to wait until your day off to visit a shopping centre, you can now access online stores at any time of the day or night. If you order products from physical stores or decide to shop in-store, you will have to make an extra journey to the store in question when the product comes into stock or arrives at your chosen store. One of the best elements of internet shopping, however, is that you are able to get products delivered straight to your home or preferred place. This makes internet shopping much more convenient as you can simply find the product that you want from any location and, with options such as same day or next day delivery available, have this delivered to your door.
Large retailers are forced to sell online.
If you do want an account, make sure to use a unique and strong password. But thanks to an online grocery store, you can now have your groceries delivered right to your door. This not only saves you time, but it also allows you to avoid the crowds at the supermarket. The vast selection of retailers and products available online means that you’re almost guaranteed to find what you’re looking for. People no longer have to leave their homes and brave the elements to go to the store.
Many service-based businesses are B2B, however some B2C brands, such as Fiverr, offer online services as well. C2A is similar to B2A, but instead, consumers sell products or services to an administration. C2A can include online consulting for education, online tax preparation, etc. B2C ecommerce encompasses transactions made between a business and a consumer. For example, when you buy shoes from an online retailer, it’s a business-to-consumer ecommerce transaction. Read more about Discount Shit here. According to eMarketer, in 2022, global retail ecommerce sales will surpass $5 trillion for the first time, accounting for more than a fifth of overall retail sales. And by 2025, total spending will exceed $7 trillion, despite slowing growth.
Awesome branding and packaging also encourages consumers to share your product on social media. Whether this is your first time setting up a small business or you’ve been in the game for a while, this guide will teach you how to start an online store in 7 simple steps. The validated model provides a rich explanation of the phenomenon of online shopping that integrates and extends prior work by incorporating new antecedents.
Naman Vijay is an alumnus of the prestigious Indian Institute of Technology Delhi campus. He founded ClickPost, Asia’s largest post-purchase experience platform in 2015 with co-founder Prashant Gupta, an alumnus of NIT Trichy and InMobi.
This makes it easy for them to become familiar with the new site without any additional learning costs. This helps to avoid cognitive fatigue and decreasing user anxiety and friction. Good web designers can create beautiful designs with excellent colour palettes that increase the perceived value of the store’s products. Great web design experts, on the other hand, design for aesthetics as well as create the positive experience that consumers would expect in real life but from the comfort of their own homes. The lingering question is whether online shopping will maintain steady – or even meteoric – growth when consumers can head back to High Street shops. Coffee shops, hotels, restaurants, and other public areas often provide free Wi-Fi.
If one manufacturer is consistently sending out defective products, stop working with them and look for a different manufacturer instead. And even if they do, it’ll take an eternity for you to send your customer’s defective product to the manufacturer, get the replacement from them, and ship this back to your customer. When they screw up (and they will, at some point or another), your customers will be pointing fingers at you. People automatically assume the wedding niche is highly profitable because, well, people are willing to splurge on their big day. Just plug your keyword in and you’ll be able to see how many people are searching for the term (either worldwide, or within a specific country). You’ll probably pull out your phone, and google “buy chandeliers online” or “chandeliers free shipping”.