7 Emerging Ecommerce Markets [Infographic] The eCommerce world is developing rapidly and ebusinesses are faced with the challenge to keep up with the quickening pace of the global economy.
The world’s eCommerce sales are getting near $1.3 trillion in 2013, with the strong growth in the Asia-Pacific, European and Latin America regions. The U.S. is steadily losing its position of leadership in the eCommerce industry. Companies, seeking new paths to grow, are changing their global expansion strategies according to the recent trends of worldwide electronic commerce. New developing markets, which remained out of sight of multinational eCommerce corporations during past years, are now hold the most potential for online business growth.
However, international expansion can be risky. This inforgraphic shows the key characteristics of such emerging eCommerce markets as Russia, Brazil, China, France, Germany, Italy and Sweden. E-Commerce Sales - E-commerce returns to pre-recession growth. U.S. e-commerce sales totaled $64.8 billion in the second quarter, up 18.5% from $54.7 billion in the second quarter of 2012, according to an estimate released today by the U.S.
Commerce Department. It represented the largest year-over-year increase since the fourth quarter of 2007, before the 2008 financial crisis sent the U.S. economy into a tailspin. Today’s estimate, adjusted for seasonality, says e-commerce accounted for 5.8% of total retail spending in the quarter, up from 5.1% for the same period a year ago. The Commerce Department includes in its estimate purchases made from both PCs and mobile devices such as smartphones and tablets. On a quarter-over-quarter basis, e-commerce sales increased 4.9% on an adjusted basis from Q1 2013. On a non-adjusted basis, the Commerce Department says e-commerce accounted for $60.2 billion of the $1.14 trillion of total retail spending during the second quarter, or 5.3% of total retail spending. How E-Commerce Changed Our Lives Forever.
Get Business Newsletters: The most successful e-commerce websites are designed to define clients' needs and expectations, then exceed them by delivering an impeccable online experience.
From data management systems to mobile and social optimization, all aspects of e-commerce come together toward a single goal: satisfy the client and earn his loyalty. According to research, improved e-commerce usability means increased sales. Forrester predicts the industry will account for 9% of all retail sales by 2016, 2% more than in 2011--an incredible evolution, considering that smartphones are still a relatively new invention and most customers still say they're often frustrated and confused by online shopping.
Along the way, innovative and affordable e-commerce solutions have enabled companies like Amazon, Staples and Apple to translate their ideas into successful online businesses. The Five New Rules of eCommerce. Linda Taddonio, Chief eCommerce Strategy Officer & Co-Founder, Insite Software, looks at how you can re-engineer your business for successful B2B sales in the digital era.
Is your organization is still mired in discussions of channel conflict, sales rep conflict, or beliefs that your business is too complex to be executed online? There is significant opportunity to re-engineer your business to drive top line revenue and operate with increased efficiency by incorporating business to business (B2B) eCommerce strategies into your business plan. Imagine if you could wring 5 to 10 percent or more of the cost out of the equation for each order processed? And imagine if, as a result you could reallocate the time and energy of your staff to create relationships with 5 to 10 new customers? This is the power of B2B eCommerce. While many still associate eCommerce as a business to consumer tactic, its adoption is growing rapidly in the B2B world. Rule No. 1: Map out the journey. Ecommerce VS Mcommerce : Understanding The Differences.