E-commerce unlocking the global trade
Shreya Pandey
Roll No. 113
B.Com Semester 2 (2022-26)
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Michael Aldrich was the first who invent e-commerce technology. In India, from 1995 to 2005 was the first wave of e-commerce.
China is the first world's biggest e-commerce market.
K. Vaitheeswaran is widely hailed as "the father of e-commerce in India".
The first e-commerce company was fabmart.com in 1999.
" E-commerce is an advanced way of conducting business online and across the borders". The limitation of conducting business within geographical boundaries & connecting to the global market through offline mode paved the way for the adaptation of a concept called e-commerce.
According to Phillip Kotler -- "A general term for buying and selling procedure that is supported through electronic means."
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๐๐๐๐๐๐๐พ๐ผ๐ ๐ผ๐๐๐๐๐ผ๐พ๐ ๐๐ ๐-๐พ๐๐๐๐๐๐พ๐
1. Transaction cost theory
2. Marketing
3. Diffusion
4. Information retrieval
5. Strategic networking
๐๐ค๐ฌ ๐-๐๐ค๐ข๐ข๐๐ง๐๐ ๐ช๐ฃ๐ก๐ค๐๐ ๐๐ฃ๐ ๐ฉ๐๐ ๐๐ก๐ค๐๐๐ก ๐ฉ๐ง๐๐๐!?
Many business owners dream of their products being used in every corner of the world. The period of Covid-19 unlocked the door for global trade in a bigger way. In this period the revenue for online shopping grew up across the world.
Cross-border transactions in commerce are the biggest growth opportunity for the Indian e-commerce industries. As per the ๐๐ค๐ง๐๐จ๐ฉ ๐ง๐๐จ๐๐๐ง๐๐, the e commerce is expected to grow at CAGR of 17.3%.
๐๐ญ๐๐ข๐ฅ๐ก๐:-- ๐-๐๐ค๐ข๐ข๐๐ง๐๐ ๐๐ญ๐๐ข๐ฅ๐ก๐ ๐๐จ ๐ฌ๐๐๐ฃ ๐ ๐๐ค๐ฃ๐จ๐ช๐ข๐๐ง ๐๐ฃ ๐ฉ๐๐ ๐๐ฃ๐๐ฉ๐๐ ๐๐ฉ๐๐ฉ๐ ๐ฅ๐ช๐ง๐๐๐๐จ๐ ๐ฅ๐ง๐ค๐๐ช๐๐ฉ ๐๐ง๐ค๐ข ๐ค๐ฃ๐ก๐๐ฃ๐ ๐ง๐๐ฉ๐๐๐ก๐๐ง ๐๐๐จ๐๐ ๐๐ฃ ๐พ๐๐๐ฃ๐.
โข ๐๐ค๐ฃ๐จ๐ช๐ข๐๐ง ๐ค๐ฃ๐ก๐๐ฃ๐ ๐จ๐๐๐ง๐๐ = the buyer of USA searches a specific products and discover on online market.
โข ๐ฅ๐ง๐ค๐๐ช๐๐ฉ ๐จ๐๐ก๐๐๐ฉ๐๐ค๐ฃ = the store website select desire product and add it in shopping cart.
โข ๐ฅ๐๐ฎ๐ข๐๐ฃ๐ฉ = the consumer proceeds to the checkout process and make the payment using one of offered method credit card and any other online method.
โข๐๐ฃ๐ฉ๐๐ง๐ฃ๐๐ฉ๐๐ค๐ฃ๐๐ก ๐จ๐๐๐ฅ๐ฅ๐๐ฃ๐ = the retailers arrange the international shipping of purchased products
โข ๐๐ช๐จ๐ฉ๐ค๐ข & ๐๐ช๐ฉ๐๐๐จ = the product enters the United States through custom clearance.
โข ๐ฟ๐ค๐ข๐๐จ๐ฉ๐๐ ๐๐๐ก๐๐ซ๐๐ง๐ฎ = the product clear custom it handed over to a local delivery service in the United State
โข ๐ฅ๐ง๐ค๐๐ช๐๐ฉ ๐ง๐๐๐๐๐ฅ๐ฉ = the consumer receipt the product at their doorstep. The transaction complete the cross- border of e-commerce transaction.
๐๐๐ ๐๐ซ๐๐ง๐๐๐ ๐๐๐ก๐๐ซ๐๐ง๐ฎ ๐ฉ๐๐ข๐ ๐ค๐ฃ ๐ฉ๐๐ ๐ง๐ค๐ช๐ฉ๐ ๐๐๐ผ ๐๐ฃ๐ ๐พ๐๐๐ฃ๐ ๐๐๐ฅ๐๐ฃ๐ ๐๐ฉ'๐จ ๐ฉ๐๐ฃ๐๐จ 8- 10 ๐๐๐ฎ๐จ.
๐๐๐ฎ ๐๐๐๐ฉ๐ค๐ง ๐ค๐ ๐-๐๐ค๐ข๐ข๐๐ง๐๐ Un๐ก๐ค๐๐ ๐๐ฃ๐ ๐๐ก๐ค๐๐๐ก ๐ฉ๐ง๐๐๐
1. The first key factor: the driving force is to give utmost preference to consumer preference.
2. The second key factor: the ability of the seller to manage and complete transactions through the range of integrated logistics along with payment trusted open marketplace.
3. The third key factor: make Indian sellers competitive in the global market would be as-----
โข Simplicity in the export procedure to reduce the delivery timeline.
โข Digital transfer of the product would satisfy the consumer.
โข favourable policy for India.
The marketplace provides equal opportunity to all types of the seller not just by providing integrated ๐จ๐๐ง๐ซ๐๐๐.
๐พ๐๐๐พ๐๐๐๐๐๐
" ๐-๐๐ค๐ข๐ข๐๐ง๐๐ ๐๐จ ๐๐๐ก๐ฅ๐๐ช๐ก ๐ฉ๐๐๐๐ฃ๐ค๐ก๐ค๐๐ฎ ๐ฉ๐๐๐ฉ ๐๐๐ซ๐๐จ ๐ฉ๐๐ ๐๐ค๐ฃ๐จ๐ช๐ข๐๐ง ๐๐๐๐๐จ๐จ ๐ฉ๐ค ๐๐ช๐จ๐๐ฃ๐๐จ๐จ ๐๐ฃ๐ ๐๐ค๐ข๐ฅ๐๐ฃ๐๐๐จ ๐๐ก๐ก ๐ค๐ซ๐๐ง ๐ฉ๐๐ ๐ฌ๐ค๐ง๐ก๐. '
