Future of e-Commerce

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Future of e-Commerce

Future of e Commerce by SafeZonePrimer.com

Today we are going to about Future of e-Commerce.

Since the Mobile Technology expended across the world the way of doing Shopping is becoming more and more modern and people are now jumping into e-Commerce platforms instead of physical places.

e-Commerce is Changing:

E-Commerce is changing

e-Commerce is getting changes each and everyday, Like, Amazon is providing 2 hour fastest delivery and their will be Drone Delivery, Droid Delivery, Self-Driving Vehicles and so son in near future so this is going to change day by day and more improvements are being worked on.

Lets look into some facts collected by Professionals.

By 2022, brick and mortar retail spaces will be little more than showrooms. – Eddie Machaalani & Mitchell Harper, CO-CEOs of BigCommerce

BigCommerce is a provider of e-commerce software for small and independent retailers and has achieved tremendous success since launching in 2009. It has received $75m in funding and boasts a client roster that includes Gibson Guitar and Zaggora.

In a recent Forbes CIO Network post, Machaalani and Harper boldly predicted that the shopping mall as we know it today will be much different 10 years from now. “Instead of loading up carts with goods to purchase in store, consumers will try on or sample the products in store, quickly scan and purchase items they desire, and have them delivered to their homes within hours.” To help future proof, they recommend small businesses invest in mobile, video content, social advertising and digital couponing.

Curation and personalization will be a big part of e-commerce moving forward. – Danny Rimer, Partner at Index Ventures

Danny Rimer has been with Index Ventures for 11 years where he established the firm’s London office and currently serves on a number of boards including e-commerce sites Etsy and Nastygal.

During a recent episode of Tech Crunch’s “Ask A VC” series, Lena Rao chatted with Danny about venture capital, entrepreneurship and what he envisioned for the future of e-commerce. Index Ventures has their eyes set on fashion and have a heavy focus in that space. They estimate that fashion will end up accounting for about one third of all e-commerce. Danny commented that future fashion e-commerce success won’t be based on flash sales or celebrity endorsements. It will be all about a differentiated product. He also stressed the importance of curation and personalization and said these things “point to a direct relationship with the customer.”

Mobile commerce is critical to success. –Alexandra Wilkis Wilson, Co-Founder and CMO of Gilt

Wilson needs little introduction as an innovator and thought leader in the e-commerce space. With an extensive background and experience in luxury retail, Wilson co-founded Gilt in 2007 and completely revolutionized the fashion industry. She is also the author of the New York Times Best Seller: By Invitation Only: How We Built Gilt and Changed the Way Millions Shop.

In a recent one-on-one interview with Anthea Tsoukalas of The Fashion Group International of Toronto, Wilson focused on mobile commerce and a global perspective as core elements to future e-commerce success. She believes that brands that figure out mobile commerce are the ones that will ultimately succeed. She commented that “we [Gilt] are focused on creating a mobile culture first and many of our business decisions are based on this culture and how it will look and feel on a mobile phone screen.” Wilson also stressed the importance of global markets, citing that more than 40 percent of Gilt’s business is happening through mobile devices globally and that number is growing.

These are some facts expressed by Experts and this part is taken from (Yahoo!)

https://smallbusiness.yahoo.com/advisor/5-experts-future-e-commerce-155024006.html

 

Latest Delivery Innovation in the e-Commerce World:

Now let us talk about the latest delivery innovation into the e-Commerce world. As we have heard that; Amazon announced the very fastest way of delivering as 2 Hour time frame and this is not the last line, there is something very special is about to come which is a very great feature of e-Commerce world so far and that is called (Drone Delivery).

Lets look into some facts by Experts on this e-Commerce (Drone Delivery)

Drone Delivery

Drone Delivery for e-Commerce

Drones have been around for a long time. They have been used in every industry from military to medical applications. Lately, there has been a push to utilize these machines in the retail industry to get products to people faster. Some say that the use of this technology in disaster situations could greatly increase the efficiency of rescue operations and get needed supplies to people in need much faster than traditional methods.

Flirtey, a medical supplies company, recently got a drone approved for doorstep delivery through the drone system. Most drones will carry up to 2 pounds and fly at an average speed of 60 mph and 400 feet in altitude. The perception of drone delivery is regarded positively, with over half of US consumers believing that drone delivery will be faster than traditional methods of delivery.The promise of drone delivery is good since it may guarantee that consumers get emergency supplies the same day as the order in busy areas, but there will likely be increased regulations as well to avoid misuse or abuse of this powerful technology.

Droid Delivery

Droid Delivery

Did you know that R2D2 will soon be delivering your groceries to you? Did you ever imagine that you might get your Amazon order from a robot that answers to the name, “Helix?” Well, we’re not sure about the name. But we are sure that the droid delivery technology is coming to a retail outlet near you, and it may prove to be one of the best-grounded delivery models of the near future.

Like drones, there will be regulations and limits to their use until some specific standards are developed. But it is an intriguing prospect, to say the least. Several southern U.S. states plan to test this new device in the summer of 2017 to see what its potential may be for large scale deliveries in the future.

Self-Driving Vehicles

Self Driving Delivery Truck

The idea of self-driving vehicles may be just around the corner as well for the retail industry. Some companies are already using this technology to transport goods without having to pay drivers for their services. It saves time since there is no human being at the wheel and the control remains with the e-commerce business or transportation vendor.

The challenge to these new technologies is that, while they offer some amazing perks to e-commerce business owners and shipping service providers, it will be a while before it can be developed on a large scale since everyone must buy into the idea for it to work. The more realistic picture is that some companies will choose to use the technologies while others will stick to their traditional methods. But one thing is for sure, the technologies we see around the bend offer some interesting changes.

Machines will never take the place of the living, human mind. But their role is to assist humans in our search for a system that would allow a higher degree of customer satisfaction that will allow you to grow your business to new heights in a shorter time.

The need for speed in delivery among customers and e-commerce retailers is a given. People want their items as soon as possible. They don’t want to have to wait for a delivery that may take days or even weeks.

And while it remains opaque how much legislation would have to occur to see all of these technologies available shortly, the potential for lightning-fast deliveries may be just around the corner, allowing e-commerce business owners to provide their customers with the fastest and most efficient delivery service ever available.

This part is taken from: https://www.upwork.com/hiring/for-clients/latest-delivery-innovations-e-commerce/

 

Virtual Currency and e-Commerce:

Your Everyday Money

As far as the e-Commerce concerned; there is one more thing which is now not in the knowledge of the majority of the Internet Users but very soon it would be common and this will be implemented everywhere and that is; Virtual Currency’s role in the e-Commerce industry.

Virtual Currencies are in the Market, most of them are just for trading, some of them are called token of some kind of future Products, some of them are future Business models and very few of them are for daily use, like we use US Dollar, Euros, GB Pound and so on.

According to some Experts; Virtual Currency will change the way of doing e-Commerce completely near future. There will be no need for fiat Currency anymore and the whole e-Commerce system will be connected to the Blockchain and Virtual Currency. at the time of writing this article, majority of the world does not know and they are not aware of Virtual Currency that; what is this and what it is going to be in future, so right now this is the time for those people who knows about Virtual Currency and its future so those people could be called Pioneer for Virtual Currency world because we have seen in the past when people were not aware of Bitcoin and after a decade rest of the world knows about it and people who were involved with Bitcoin a decade ago are now called Pioneer, because of their involvement in the beginning.

One of them i personally know is the Virtual Currency going to make mass changing into the e-Commerce world and that is called Rainbow Currency (YEM)

The Trading Symbol for Rainbow Currency is (YEM) and it is stand for (Your Everyday Money).

You can learn more about Rainbow Currency (YEM) that; how it is being engaged with the e-Commerce world and what it is doing currently and what are the future plans, because it is currently accepting (YEM) as a payment option for all their current projects. Just read the article for more details: Read about Rainbow Currency (YEM).

Auction Platform where you Buy and Sell real Products in Virtual Currency:

Virtual Currency is going to play a very big role in the e-Commerce industry and for the example you can read my article about Rainbow Currency (YEM) that; how this virtual currency is being connected to the Virtual Currency World. They have the auction platform where people do biding for their products and the method of payment is not US Dollars or Euros but you exclusively pay Rainbow Currency (YEM) and seller gets Rainbow Currency as well. You can read my article about this virtual currency’s auction platform where you can Buy and Sell real Products: Read about Auction Platform.

So, this was the brief overview of future of the e-Commerce and much more is coming out so guys keep visiting my Blog and i will be posting more articles related to these technologies.

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Thank you very much.

 

 

1 Comment

  1. Very interesting topic, thankyou for posting. “The season of failure is the best time for sowing the seeds of success.” by Paramahansa Yogananda.

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