FROM ECOMMERCE TO FCOMMERCE
Entrepreneur magazine|February 2021
TRENDS FOR 2021 AND BEYOND

There is a tectonic shift in everyday digital way of life. The effect of 2020 on eCommerce is significant and it’s proliferating and existing traditional businesses both big and small are adopting the digital ecosystem and making a move to transact online, along with giving credence to an entrepreneurial environment. eCommerce is expected to cross $150bn in GMV in the next 5 years and touch double digits in terms of market penetration. With an estimated 1bn people to be connected online by 2025, provides an impetus for businesses to aggressively expand their footprint online. Digital is certainly going to be the future of commerce (fcommerce) and become the most important route to market for all commerce; convergence and retail is accelerating. As we enter the New Year with the pandemic having sped up changes across several verticals, let’s take a look at some of the trends we expect to play out as we move into 2021 and beyond.

Physidigital will be more integral

Companies that create multiple touchpoints will help generate greater interest amongst customers. Decoding the how, what, when, where, and why will enable companies to choose the right channel to market and sell their products and services. For online stores expanding to physical locations will help gain the required visibility and the necessary touch-and-feel, and for offline stores going online helps gain scale and greater access to customers. There are already many ways where multi-channel shopping is in the works – experience centres, shop online and pick up in-store, in-store scan and home step delivery, etc.

B2B – A move to the digital highway

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM ENTREPRENEUR MAGAZINEView All

THE NAIL ENTREPRENEUR

“I’d like to see at least 100 The Nail Artistry salons operational across different countries around the world.”

5 mins read
Entrepreneur magazine
April 2021

The Asian Champion - CHATRI SITYODTONG, CHAIRMAN & CEO, ONE CHAMPIONSHIP

Chatri Sityodtong is the Founder, Chairman and CEO of ONE Championship, Asia’s largest global sports media property in history with a broadcast to over 2.7 billion potential viewers across 150+ countries around the world. Through the power of media and the magic of storytelling, ONE Championship is on a mission to unleash real-life superheroes, celebrate values, ignite dreams, inspire nations, and change the world. Chatri Sityodtong has an estimated net worth of US$350 million and will be the star of the upcoming edition of The Apprentice where 16 candidates will be vying to be the protege of one of Asia's leading entrepreneurs. Here’s the Thailand sensation on his self-made journey and how he’s redefining the future of martial arts.

7 mins read
Entrepreneur magazine
April 2021

Entrepreneurship Is a Mindset

I cofounded LinkedIn, invest with Greylock Partners, and host the Masters of Scale podcast. Take it from me: Success in entrepreneurship must begin in your head.

4 mins read
Entrepreneur magazine
April 2021

Credit to SMBs Not A Problem DIGITAL and Faster

Basis, achieving a high level of sophistication, compliance and trust from SMBs

7 mins read
Entrepreneur magazine
April 2021

This Brand Is Your Brand. This Brand Is My Brand?

Can you create a product that references, parodies, or uses parts from another brand? Many entrepreneurs are trying…and then getting sued. But the law is far from settled. This is the story of one startup that fought back and might just help change the way brands are built.

10+ mins read
Entrepreneur magazine
April 2021

This Platform is Enabling Peer-to-Peer Donation Seamless

Co-founded by actor Kunal Kapoor and Varun Sheth, Ketto’s motto is healthcare for all.

3 mins read
Entrepreneur magazine
April 2021

Will Startups IPO Be A Game Changer In 2021?

Securing Initial Public Offering (IPO) is the ultimate sought-after capital extension by startups. Successful IPO opens the floodgates for more capital and improvement in the overall startup economy. Despite the tumultuous times faced by the businesses in 2020 due to the COVID-19, the year 2021 saw some of the biggest runaway success listings so far, thanks to the high liquidity and solid investor sentiment.

5 mins read
Entrepreneur magazine
April 2021

Does Angel Funding Look Promising For Startups In 2021 Amid Ongoing Pandemic?

Ever since the world has been stormed by the coronavirus outbreak, economies across the globe have been in turmoil, with massive layoffs, shutting down of the businesses and cost-cutting measures have come into the light.

7 mins read
Entrepreneur magazine
April 2021

Rise of Social Commerce Startups During Pandemic

In recent years, India has witnessed a massive spike in the usage of social commerce platforms like Meesho, Shop101, GlowRoad and Bulbul

7 mins read
Entrepreneur magazine
April 2021

“Execution is Fundamental to Creating Value; Capital Cannot Substitute Speed and Innovation”

Learnability, having a strong organisational foundation, commanding leadership and thorough professionalism births legendary organisations

5 mins read
Entrepreneur magazine
March 2021
RELATED STORIES

A Shipping Guru Chases The Middle Mile

After spending years building Amazon’s delivery operations, Scott Ruffin is creating one to offer to its competitors

4 mins read
Bloomberg Businessweek
February 08, 021

How to Take Down Goliath

The biggest companies can still be taken down by the smallest startups. Here are four strategies disruptors use to fight their way up.

5 mins read
Entrepreneur
January - February 2021

Where Is Jack Ma, China's E-commerce Pioneer?

China’s best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks.

5 mins read
Techlife News
Techlife News #480

Jeans Now, Pay Later

Are the new online services that allow you to buy just about anything in installments—interest-free—too good to be true?

8 mins read
The Atlantic
January - February 2021

China's New E-Commerce Middlemen

Chinese tech companies look to partner with local leaders who help coordinate neighborhood purchases

4 mins read
Bloomberg Businessweek
December 21, 2020

Can There Be Two Tinders for Clothes?

She was a first-time founder with a fresh idea. Then a $30 million competitor arrived.

3 mins read
Entrepreneur
December 2020

Getting More from Less

Everyone has been forced to cut back in some way—but limitations can lead us to even greater growth. We asked six entrepreneurs: What unexpected benefits have you gotten from change?

2 mins read
Entrepreneur
December 2020

Are We Going Digital Forever?

The pandemic swiftly moved our world online. Once you discover the power of engaging your customers digitally, you won’t want to go back.

3 mins read
Entrepreneur
December 2020

EU Files Antitrust Charges Against Amazon Over Use of Data

European Union regulators filed antitrust charges this week against Amazon, accusing the e-commerce giant of using its access to data from companies that sell products on its platform to gain an unfair advantage over them.

4 mins read
AppleMagazine
November 13, 2020

Focus On Your Mission

Our worlds may feel shaken. But we’re actually much sturdier than we think.

3 mins read
Entrepreneur
Startups Fall - Winter 2020