E-Commerce industry is currently the most blooming industry in business. With advancement in ecommerce we all have witnessed that there is a drastic shift of consumers from offline buying to online buying. I would totally agree with this fact that the day is not far when this sector will develop so much that it will eradicate all local shops and service centres.
As per recent survey conducted by one of the leading market research firm it was concluded that around 65% of purchases were made online last year. This is evidence that reflects a drastic change in consumer behaviour & buying pattern. In recent times, focus of customers is more inclined towards ease and comfortless buyinig. Customers prefer buying products and services without stepping out of their home. Also currently IT sector is growing so rapidly that with just a click of button we can see features, price, colours & quality of product however describing same thing offline consume time and manpower and also can lead to confusions. If we compare advantages of online and offline buying, one of the major advantage will be getting reviews globally from users of that product. Also I would say COVID-19 is cherry on the cake for Ecommerce industry. Due to Social distancing norms & fear of COVID people are gradually moving towards online buying. Before COVID, younger population were involved much in online shopping but with COVID becoming our new life, customer base of ecommerce industry have increased & older generation is also now getting attracted towards buying online as it is safer.
There are two basic pillars of Ecommerce industry which are IT & Logistics and with advancements in IT industry & strengthening of Logistics infrastructure online shopping would be the new normal. In turn we won't be seeing any local shops in cities and towns due to no demand or due to minimal demand. Maintaining shops involve various expenses such as rent, electricity, maintenance etc. and with decrease in demand it will be difficult for shopkeepers to earn profits hence resulting in shutting down. Also as we know that drones have entered in the market and this will be used by Ecommerce industry as their competitive advantage. This will convert standard delivery time from days to hours & minutes. Hence people will prefer to buy products in one click and getting it delivered at their doorstep.
To conclude, I would say that shops are at verge of extension as per current industrial scenario. It's important that we protect our local shopkeepers by instead of shifting totally on online buying, we give preference to offline buying also purchase of daily use products.
E-Commerce
industry
is
currently
the most blooming
industry
in business. With advancement in
ecommerce
we all have witnessed that there is a drastic shift of consumers from offline
buying
to
online
buying
. I would
totally
agree
with this fact that the day is not far when this sector will develop
so
much that it will eradicate all local
shops
and service
centres
.
As
per recent survey conducted by one of the leading market research firm it
was concluded
that around 65% of
purchases
were made
online
last year. This is evidence that reflects a drastic
change
in consumer
behaviour
&
buying
pattern. In recent times, focus of customers is more inclined towards
ease
and comfortless
buyinig
. Customers prefer
buying
products
and services without stepping out of their home.
Also
currently
IT sector is growing
so
rapidly
that with
just
a click of button we can
see
features, price,
colours
& quality of
product
however
describing same thing offline consume time and manpower and
also
can lead to confusions. If we compare advantages of
online
and offline
buying
, one of the major advantage will be getting reviews globally from users of that
product
.
Also
I would say COVID-19 is cherry on the cake for
Ecommerce
industry
. Due to Social distancing norms & fear of
COVID
people
are
gradually
moving towards
online
buying
.
Before
COVID
, younger population
were involved
much in
online
shopping
but
with
COVID
becoming our new life, customer base of
ecommerce
industry
have increased & older generation is
also
now
getting attracted towards
buying
online
as it is safer.
There are two basic pillars of
Ecommerce
industry
which are IT & Logistics and with advancements in IT
industry
& strengthening of Logistics infrastructure
online
shopping would be the new normal. In
turn we
won't be seeing any local
shops
in cities and towns due to no demand or due to minimal demand. Maintaining
shops
involve various expenses such as rent, electricity, maintenance etc. and with decrease in demand it will be difficult for shopkeepers to earn profits
hence
resulting in shutting down.
Also
as we know that drones have
entered in the market
and this will be
used
by
Ecommerce
industry
as their competitive advantage. This will convert standard delivery time from days to hours & minutes.
Hence
people
will prefer to
buy
products
in one click and getting it delivered at their doorstep.
To conclude
, I would say that
shops
are at verge of extension as per
current
industrial scenario. It's
important
that we protect our local shopkeepers by
instead
of shifting
totally
on
online
buying
, we give preference to offline
buying
also
purchase
of daily
use
products
.