Usage of technology and improved mobility helps e-commerce grow The increasing use of digital technologies in buying and selling merchandise for convenience and mobility pushed e-commerce in India to an inflexion point in 2016. The rapid growth of smartphones and internet connectivity across the country, especially in tier-II and III cities, has given greater access to virtual shopping and e-tailing for the tech-savvy generation and millennials. Even as e-tail behemoths Flipkart, Snapdeal and Amazon vied for a greater pie of the growing e-commerce market, enterprises and businesses in diverse sectors have joined the bandwagon to hard-sell their products by leveraging digital technology.
E-commerce traffic falling down after demonetization Digital wallets, followed by online cabs, were the top performing categories for cashless transactions post demonetization, a study said. Food ordering platforms and grocery were also popular for cashless transactions following government’s demonetization of high-value currency notes, which caused cash shortage in November and December, according to the study by cashback platform CouponDunia. Paytm, Freecharge, Mobikwik, Dominos Pizza and Yatra were the top performing brands, it added.Interestingly, traffic on e-commerce sites dropped in the past two months. According to data provided by CouponDunia, Amazon‘s traffic fell by 22 percent, while Flipkart’s and Snapdeal’s traffic fell by over 50 percent. Tier II towns were significantly more affected by the cash crunch compared to the top metro cities, it said. Among the tier I cities, Mumbai was the most affected with 37 percent less traffic online post-demonetization, followed by Kolkata at 26 percent lower traffic.
E-Commerce Logistics Market Detailed Analysis and Forecast by 2024 The imminent explosion of cross-border e-commerce websites will cause a stir in the global e-commerce logistics market, predicts TMR in a new study. The market will also receive a boost from the availability of low-cost cargo. This press release was orginally distributed by SBWire Albany, NY -- (SBWIRE) -- 12/27/2016 -- The e-commerce logistics market report provides an analysis of the global market for the period from 2014 to 2024, wherein 2014 is the base year and the period from 2016 to 2024 is the forecast period. Federal IT Investment Plans United States government agencies will continue to invest hefty sums in cloud computing technology over the next five years. After that period, spending on cloud is likely to moderate, but the amount of investing will remain at impressive levels. Cloud computing is far from mature within the federal government, but it has reached a point at which it is a mainstream component of government IT resources -- a development recently recognized in several forums.
Social mobility promises 'broken' for ethnic minority childrens Black and Asian Muslim children are less likely to get professional jobs, despite doing better at school, according to an official report. The Social Mobility Commission said it uncovered "stark differences" between how groups progress into work. Some minorities have higher jobless rates, although poorer white boys are least likely to go to university. Amazon's losses to rise as it aims Seattle-based online retailer Amazon’s losses in India are expected to accelerate in 2017 as the company focuses on new services such as Prime, Prime Video and its grocery delivery service, Amazon Now. In the three months that ended September, the company reported a $541-million (Rs 3,570 crore) loss from its international business arm, attributing it largely to spending in India. In 2015-16, Amazon’s losses in India more than doubled to Rs 3,572 crore from Rs 1,724 crore in the year-ago period. The pace of investments will quicken as the company gets closer to market leader Flipkart, say experts. Amazon’s India head, Amit Agarwal, has maintained he has a open cheque from his boss Jeff Bezos to conquer the Indian market and has a commitment of $5 billion so far. “Amazon isn’t going to slow down its investments just because Flipkart isn’t doing anything, in fact, they will see it as an opportunity to press the pedal,” said Harminder Sahni, founder and managing director at Wazir Advisors.
Karnataka quota talk: 100% reservations for blue-collar jobs is ruinous The Karnataka government's decision to reserve all blue-collar jobs in all industries receiving concessions from the government—except IT and biotech (BT)—for Kannadigas puts it on a slippery slope. The Karnataka government’s decision to reserve all blue-collar jobs in all industries receiving concessions from the government—except IT and biotech (BT)—for Kannadigas puts it on a slippery slope. First, it sets a dangerous precedence of government-mandated reservation in the private sector. It would seem that with the flagship IT-BT industries exempt, the impact may not be too significant. But both traditional sectors like construction, logistics, etc, and start-ups in the e-tail space—both Amazon and Flipkart have warehouses in the state—that generate significant numbers of blue-collar jobs will be constrained in their recruitment, given they stand to lose the concessions if they don’t comply.
Best small ecommarce business resolutions in new years The beginning of the new year is a great time for the owners of small ecommerce businesses to take stock and note all they have accomplished the past 12 months. It’s also a great time to think about and set down in writing what they would like to accomplish in the next 6 to 12 months. While most (if not all) proprietors of ecommerce businesses probably have “make more money” and/or “grow the business” on their to-do lists, we wanted to get more specific. Here are their top five digital resolutions. 1. Increase mobile conversion rates
Searching for fairness in the Indian startup world The shock wasn't in what was said, but who said it. Sachin Bansal, co-founder of the country's largest startup which has, so far, stayed ahead of its biggest global rival in India, told a Bengaluru audience recently: "We need to tell the world we need your capital, but we don't need your companies".Voicing similar sentiments was Bhavish Aggarwal, co-founder of Ola, the company that has so far beaten the world's most valuable startup Uber in market share sweepstakes of the cab aggregation industry in India."It's much easier for non-Indian companies to raise capital because they have profitable markets elsewhere," said Aggarwal. "You might call it capital dumping, predatory pricing or anti-WTO but it's a very unfair playing field for Indian startups." What will bring more capital? India has not been a great market for venture capital investors.
Vodafone bets on enterprise business to drive growth Vodafone is in talks with a state election commission to provide customised communication services, including a monitoring system that would allow the election commissioner to see as many as 22,000 polling booths at one shot, as India’s second largest telco bets on its enterprise business to drive growth. The talks with the election commission include a mechanism to facilitate payments to all volunteers directly via Vodafone’s mobile wallet, Nick Gliddon, director for business services at Vodafone India, said without naming the state. Vodafone is looking to beef up its enterprise services at a time when its retail mobile business is under intense competitive pressure after the entry of Reliance Jio Infocomm.
Government asks e-wallet, e-commerce companies to strengthen cyber security mechanisms As the nation makes the transition to digital mode of payments in the post-demonetisation era, the Union home ministry has asked e-wallet and e-commerce companies to strengthen their cyber security mechanisms to prevent online fraud and hacking attacks. Sources in the home ministry on Friday said the information technology ministry and all concerned departments and agencies were recently sounded out on the heightened cyber threat arising out of the surge in digital payment transactions. "We stressed on the need for digital wallet and e-commerce companies to ensure secure payments through the digital mode. This has become imperative in the wake of alleged cyber fraud reported recently by Paytm," said a senior ministry official.
Ecommerce company alibaba to soon lunch its first branch in mumbai,india Kotak Mahindra Bank, IDFC Bank and Aditya Birla Finance are the company's new partners in India Alibaba, largest e-commerce entity in China, is setting up its first India office in Mumbai, apparently an indication that it would step up investment in the country in the coming year, to capture a pie of the growing e-commerce market here. So far, the Jack Ma-founded enterprise has been a preferred platform for small businesses in India to source industrial goods from China. And, for vendors selling their products to customers globally. Alibaba has invested in Indian e-commerce company Snapdeal, and in Paytm, the mobile payments service platform, through Ant Financials, its payment arm. It has, though, kept its plan to enter e-commerce in India under wraps.
5 Methods for Improving Ecommerce Conversions Annual US retail ecommerce sales are predicted to be roughly $460 billion in 2017. Within three years ecommerce sales are predicted to grow to as high as nearly $700 billion. Online retailers know that ecommerce is big business but how can those retailers continue to improve their sales?