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How can E-Commerce players get up to speed during and after COVID-19

After the World War II that claimed nearly millions around the world and brought a huge economic slowdown, it is to be noted that certain more recent natural disasters like the 2004 Indian Ocean earthquake and Tsunami killed roughly over 230,000 people in fourteen countries. For most of us, a global pandemic such as COVID-19 is the first of it's kind we are facing in our lifetimes. COVID-19 seems to be extremely catastrophic not just for people but is also seen as one of the biggest known disasters in recent times to have slumped the world’s economy in matter of weeks. According to the Guardian , the number of Global COVID-19 cases has crossed 750,000 with a death toll of over 36,000 across the world.  When COVID-19 was creating havoc in China and few other European nations during early Jan'2020, its impact was hugely under-estimated by the rest of the world. Slowly, with the norms of “social distancing” and “Stay at home” becoming the mantras among everyone, the e

5 Major challenges faced by e-Commerce sellers and ways to overcome it!

Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion before 2025. Southeast Asia’s digital economy is forecast to triple its size in the next 5 years. Read more on the challenges faced as a seller in the E-commerce marketplace, to help you decipher and be part of this immensely growing economy. E-commerce stores are on the rise due to a numerous reasons.  As far as market association is concerned, E-commerce sites already have an existing network of buyers. So, selling your products becomes relatively easy as branding and advertising is already taken care of.As  Sigmund Freud 's had rightly said  “ I carefully consider my decisions as everything comes with pros and cons! ”  Marketplace Management When it comes to South-East Asian E-commerce market, the most underestimated struggle is  Fragmentation  i.e. there are a number of e-commerce platforms in ASEAN countries attracting significant traffic, making

The Era of "Man and Machine"

Some call it an upgrade while others call it a reinvention. Either way we have to face that the development of artificial intelligence or AI is very promising. AI enables companies to collect and process their outgoing and incoming eCommerce data in real time. This helps to increase sales and build relationships with end users, while people who work in the company can channel their time towards more intelligent work. There are a number of ways AI has already changed eCommerce over the years, and it has just marked the beginning of a long and fruitful journey between man and machine. A research statistic conducted in 2019 plotted a marked growth in finance as well as for top start-up companies in the Southeast Asia region such as Lazada, shopee, tokopedia and blibli.com. These companies have come to thrive in recent years and are growing exponentially with the assistance of AI. Apart from Europe & USA, the major hub for global AI development is now Singapore that has made

Impact of M-Commerce on Selling

M-Commerce or Mobile commerce is one of the game changing trends available to shoppers around the globe today. M-Commerce , a terminology coined by Kevin Duffy In 1997 is a way to shop with one’s mobile gadget to access various online markets that sell goods and services. This not only makes buying easy but also makes selling easier and gives an opportunity for e-commerce sellers to position their products to global consumers at the click of a button. Mobile e-commerce sales in India is expected to hit nearly 38 billion USD by 2020, as published by the Statista Research Department and this stupendous growth is attributed to the growth and explosion of smartphone and mobile phones market as well as the internet industry. Based on insights from Datareportal , it is to be noted that more than 400 million people across South East Asia use internet actively. Global retail e-commerce sales are projected to reach $27 trillion by 2020. e27 reported that Indonesia, Thailand and Philip

Asia’s Black Friday & Cyber Monday makes waves across Nations

One of the oldest professions in the world has been buying and selling of goods. The famous silk route(more than a thousand years old) originated from China to Rome supplying wool, spices and a whole lot more. The global trade map is now connected and interdependent on each other with the economy of a country depending heavily on trade. In the 1950’s, the US, post WWII, to revive consumerism created the concept of “Black Friday” though it became more popular in the later decades. In the mid 2000’s, the National Retail Federation coined the “Cyber Monday” concept to make people buy online. This has led to a worldwide phenomenon with perhaps a $100 Billion in sales changing the fortunes of companies for good every year. E-commerce companies such as Amazon, Walmart, Tmall, Lazada, JD.com, and a host of others have immensely benefited. Many companies have banked on these two days to catch up on their yearly revenues. Circa 2009:  Not to be left behind, China based Alibaba

A peek into Singapore's retail transformation in the last decade.

The retail industry has undergone massive transformation in the last 10 years. The use of social media, the flexibility of payment, improved logistics, and the prevalent use of smartphones have contributed to the rapid growth of the online retail scene; now enhanced through the developed marketplaces and fulfillment network. In Singapore alone, there are at least 6 marketplaces to reach out to customers. Qoo10 Singapore started in 2010, Lazada and Zalora both launched in 2012 and Shopee joined the crowd in 2015. With the high traffic and low set up cost, most sellers have stores in multiple marketplaces in a bid to increase sales channels. For small and medium enterprises (SMEs), managing multiple marketplaces can be a logistical challenge. With different dashboards and rules, listing and updating all your SKUs will be the first stumbling block amongst other tasks like order processing, arranging fulfilment's, handling enquiries and maintaining reviews. Sellers c

The shipping that goes across the continents; A review of the e-commerce shipping.

"Shipping in e-commerce is the  Barometer of Customer Satisfaction."                                           - The Unknown From the time immemorial the movement of goods from one continent to another taken place by ships across the ocean.   Based on this,  the etymology denotes, the derivation of the word shipping.  In year Circa 1300, the word  SHIP (noun)  converted into a verb, by the American English, to denote the transportation of merchandise through the sea by ships. In the year Circa 1857, the word SHIP (verb) denoted to anything transported to the other places by any modes of transports - by Air, by Ship, by Road, by Train,  and nowadays by drones to effect delivery at the doorsteps.  There are expected to be 600,000 commercial drones in use by 2018, and almost half of Americans would be willing to receive deliveries by drone. At the advent of e-commerce into the world commerce, the logistics and delivery of the merchandise to the consumers tak

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