E-Commerce

DEFINITION

E-Commerce or eCommerce stands for Electronic Commerse which is the trading of products or services using computer networks, such as the internet. Electronic Commerce is a term for any type of business or commercial transaction, which involves the transfer of information on the internet. It covers a range of different types of businesses, from consumer based retail sites, auction based or music sites to business exchanges and trading goods amongst corporations. Modern electronic commerce typically use the World Wide Web for at least one part of the transaction, although it may use other technologies such as e-mail. 

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HISTORY

E-commerce and its underlying technology have been around for plus minus forty years. The term e-commerce was originally conceived to describe the process of conducting electronic business transactions using E-Electronic Data Interchange and EFT- Electronic Funds Transfer. These technologies first made their appearance in the late 1970’s. EDI and EFT laid the foundation of what is known as e-commerce today. In this time users consisted mainly of very large companies, banks and military departments who used it for command control communication purposes. Throughout the 1980’s the proliferation of credit cards, ATM machines and telephone banking was the next step in the evolution of e-commerce. In 1882 The Boston Computer Exchange, a marketplace for used computer equipment, became one of the first known examples of e-commerce. It was in 1994 that e-commerce really started to accelerate with the introduction of security protocols to protect the consumer as well as the supplier, and high speed internet connections, allowing much faster connection speeds and faster online transactions. Industry experts predicted an explosive growth in e-commerce related business and from 1999 to 2008 e-commerce sales has risen steadily and accounted for nearly 4% of total sales worldwide. In contrast with 2015 where just Russia’s e-commerce sales is standing on 5% of their retail market. 

IMPACT

E-commerce increases consumers’ ability to gather information or compare products and prices in the comfort of their own homes or working environments. E-Commerce allows consumers to electronically exchange good and services without any barriers of time or distance. It connects individuals and businesses globally, as transactions can be done anytime any place. Geophysical barriers disappeared, making all consumers and businesses worldwide, potential clients. B2B or Business to Business refers to E-commerce between businesses rather than between business and consumer. B2B Businesses often deal with thousands of other businesses either as a customer or supplier. E-Commerce businesses have numerous advantages over retailers that does not operate online as well as catalog operators. Consumers can find more readily what they are looking for by browsing the web in the luxury of their own homes and compare prices between different Suppliers. You no longer have to walk from shop to shop or drive vast distances comparing prices, or searching for your product. You can now have the product delivered to your doorstep which saves you petrol cost and time. Businesses using e-commerce saves cost on staff and all cost relating to the employment of people, rent of premises, building cost and in store marketing. Because of this huge cost saving, suppliers can provide more competitive prices so that the consumer can save cost. Suppliers also have a larger profit margin because of low overheads. 

PARTNERSHIP OF E-COMMERCE AND LOGISTIC COMPANIES

E-commerce has made major leaps in technology over the years and is busy making a major impact on the economic market. One major aspect in this industry fortunately remained the same and that is the fact that all purchases of goods of any kind that is of a material substance, has to be transported from the supplier or seller to the buyer or consumer. As e-commerce evolved and competition grew, it became more and more important to deliver an excellent service on the last stretch and that is delivering the product to the customer. Because of this an eternal partnership was formed between e-commerce and Logistic Companies. Courier, Transport and Freight Companies became the main key element of getting the goods to the customer intact in a timely and professional manner, using all forms of transport available namely road transport, shipping and cargo liners, express air services or cargo planes and railroads. These Companies make it possible for customers to receive their goods all over the world and Companies relying on e-commerce cannot do without them. With their advanced technology they also made web tracking possible so that the customer knows where the goods are and when to expect delivery to a business or private customer’s doorstep. 

In closing

If you are a business using e-commerce or is planning to open a business using e-commerce, it is essential to have the right Courier, Freighting or transport Company as a business partner to ensure you give the best possible service to your client. In this site we have listed the five best Companies for you in this regard. We will also specify for your benefit if they are a Courier Company who specialize in 0-20kg or a freighting Company who specializes in heavier consignments. We have selected Companies with the best rated service, largest footprint nationally as well as internationally and because they are specialists in their field, their pricing system is designed to accommodate you as well as their excellent service delivery.