E-commerce, a Globe Cracking Revolution
The Times Of Africa|May 2017

E-commerce has showcased vast growth in the last few years. Sources forecast that retail e-commerce sales across the globe would grow from 7.4% in 2015 to 12.8% in the year 2019. Its vast reach being primarily the reason behind its wide popularity and success, along with other reasons such as leverage to shop anywhere at any-time, availability of wide variety of options, product comparison and reviews. From the business viewpoint, e-commerce is much more cost effective as compared to traditional commerce method.

E-commerce, a Globe Cracking Revolution

The essence of time can’t be denied behind the celebrated fame of e-commerce globally. It’s a frequent saying “time saved is equivalent to money saved”. In the commercial markets time has its own significance. It’s one of the most critical aspect in the business. From the perspective of a business, the amount of time saved is directly proportional to increase in the numbers of transactions. Similarly for a consumer as well a quick transaction saves a lot of time.

In global market context, the emergence of e-commerce as a pioneer has opened up various windows of opportunities for a variety of other companies and investors. For example, due to the booming of e-commerce, more and more resources are being directed into electronic securities, internet facilities, business plans and new technologies. Subsequently, a variety of new markets have sprouted up from e-commerce itself giving a boost to the global market.

African scenario

This story is from the May 2017 edition of The Times Of Africa.

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This story is from the May 2017 edition of The Times Of Africa.

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