E-commerce Expansion PPT - Shams Alam
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Fanshawe College *
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Course
3020
Subject
Communications
Date
Apr 3, 2024
Type
pptx
Pages
10
Uploaded by SuperHumanBoulder13141
COMM-3020 PROFESSIONAL COMMUNICATION
E-COMMERCE EXPANSION
SHAMS ALAM
INTRODUCTION TO E-COMMERCE
E-commerce refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. It has grown exponentially over the past decade, transforming the retail landscape.
In this presentation, we will explore innovative strategies for expanding e-commerce operations, focusing on warehouse optimization, transportation network fine-tuning, and technology integration.
AGENDA
Growth of E-Commerce
Strategies for E-Commerce Expansion
Challenges and Solutions
Warehouse Optimization, Transportation Network Fine-tuning & Technology Integration
Conclusion
Recommendation
References
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GROWTH OF E-COMMERCE
The e-commerce sector has seen remarkable growth, driven by increasing internet and mobile device penetration, consumer demand for convenience, and the expansion of global trade. Key statistics highlight its rapid expansion and the potential for future growth.
Here are some statistics on e-commerce growth in 2024:
•
The global e-commerce market is estimated to be worth $6.3 trillion in 2024.
•
E-commerce sales are projected to grow by 9.8% by the end of the year.
•
E-commerce is expected to represent 20.8% of all retail market share in 2024.
•
E-commerce sales are anticipated to surpass $8.1 trillion by 2026.
•
The top 10 e-commerce markets by growth rate in 2022 were led by the Philippines at 24% and India at 22%.
•
Fashion remains the highest-grossing sector in e-commerce.
•
Projections indicate a 39% increase in global retail e-commerce sales by 2027.
•
Key trends for 2024 include the rise of mobile shopping, social commerce, and cross-border e-commerce.
STRATEGIES FOR E-
COMMERCE EXPANSION
Successful e-commerce expansion involves several strategies, including:
•
Optimizing the online shopping experience
•
Understanding local markets for global expansion
•
Utilizing data analytics for customer insights and personalization
CHALLENGES AND SOLUTIONS
While e-commerce offers vast opportunities, it also presents challenges such as cybersecurity threats, intense competition, and logistical issues. Obtaining success in e-commerce involves addressing these challenges through •
Robust security measures
•
Innovative marketing
•
Efficient supply chain management
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WAREHOUSE OPTIMIZATION,
TRANSPORTATION NETWORK FINE-TUNING & TECHNOLOGY INTEGRATION
In today's rapidly evolving e-commerce landscape, optimizing warehouse operations, fine-
tuning transportation networks, and integrating technology across the supply chain have become critical factors for success.
•
Warehouse Optimization
involves maximizing efficiency to meet the increasing demands for faster order processing and delivery. This includes implementing innovative layouts and leveraging automation technologies.
•
Transportation Network Fine-tuning
focuses on optimizing delivery routes and methods, especially for the crucial last-mile delivery, utilizing technology and strategic partnerships for more efficient logistics.
•
Technology Integration
is key to seamlessly integrating digital tools throughout the supply chain, enabling real-time tracking, data sharing, and improved decision-making.
Together, these strategies are essential for businesses looking to expand their e-commerce operations and meet the growing expectations of today's consumers.
CONCLUSION
E-commerce is a rapidly evolving sector offering substantial growth opportunities. To expand e-commerce operations successfully, businesses must understand trends, implement effective strategies, and overcome challenges. Optimizing warehouses, refining transportation networks, and integrating technology are crucial steps in this journey. Embracing innovation and agility will be key to staying competitive in this dynamic industry.
RECOMMENDATION
Businesses in the e-commerce sector should prioritize optimizing their warehouses, fine-tuning their transportation networks, and integrating technology to expand their operations successfully. By implementing these strategies, businesses can improve efficiency, reduce costs, and enhance customer satisfaction. Additionally, staying abreast of industry trends and continuously adapting to market changes will be crucial for sustained growth and competitiveness in the e-commerce landscape.
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REFERENCES
OGOship. (n.d.). Expand your e-commerce business to new markets. https://www.ogoship.com/blog/expand-your-e-commerce-business-to-new-markets
Khalid, H. (2022, October 17). E-commerce growth 101: The essential steps for expansion. Our Tech Planet. https://ourtechplanet.com/e-commerce-growth-101-the-essential-steps-for-expansion/
Himel, E. (2023, May 11). The future of e-commerce: Predictions for the next decade. Eliyas Himel. https://eliyashimel.com/
ব্যবসার
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সাতকাহন
/the-future-of-ecommerce-predictions-for-the-next-decade/
Ifra. (2022, December 21). In 2023, how will e-commerce look? Market expansion and success report. Inventiva. https://www.inventiva.co.in/trends/in-2023-how-will-e-commerce-look-market-expansion-and-success-report/
Cox, B. (2024, January 29). E-commerce statistics. Dash. https://www.dash.app/blog/ecommerce-statistics
Lin, Y. (2024, January 3). Global e-commerce sales. Shopify. https://www.shopify.com/blog/global-ecommerce-sales
Chevalier, S. (2024, February 6). Worldwide retail e-commerce sales. Statista. https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/
Voniatis, A. (2023, November 19). E-commerce statistics. Artios. https://artios.io/ecommerce-statistics/
Coding Ninjas. (n.d.). E-commerce and security threats to e-commerce. https://www.codingninjas.com/studio/library/e-commerce-and-security-threats-to-e-commerce
Manaferra. (n.d.). E-commerce statistics. https://www.manaferra.com/ecommerce-statistics/