How E Commerce Has Changed Business Practices

Online Grocery stores: Over the last two decades, rising internet and mobile phone penetration has changed the way we communicate and do business. E-commerce is relatively a novel concept. It is, at present, heavily leaning on the internet and mobile phone revolution to fundamentally alter the way businesses reach their

Online purchasing is becoming more and more practical thing for contemporary customer. It is explained by high internet penetration in every country, lower cost than in retail network, door to door delivery. Internet plays an important role nowadays; therefore it creates a new market, which sometimes is quite difficult to measure. Online shopping is different from the B&M shopping due to the fact that there is no physical presence of goods, from other standpoint internet is able to sell way more services and motivation and decision making process directly connected to the feedbacks.

Among the trends in grocery sales is the rise and availability of digital consumerism, particularly among the youngest generations of shoppers. According to analysts, “one-quarter of online respondents say they order grocery products online, and more than half (55%) are willing to do so in the future.”This trend is attributed to the “growth of online grocery shopping is

The rise of e-commerce and online retail has altered the general trends in this industry. Grocers such as Whole Foods Market, Kroger Co., Safeway Inc., and Fresh Market have adapted to this new technology of customers ordering groceries online and then picking it up without having to walk around the store to do so. The trend is also adopted by

Nowadays,, E-commerce is remarkably developing and any company not utilizing the opportunity by investing on their products online will not only become retroactive but also are forced to be reactive. Therefore, companies are cognizant that to enhance competitiveness in market , Internet technology play an important role in the business process and essential to adhere it. According to Shelly and Vermaat (2008,p.91) “ E-commerce is a business transaction that occurs over through an electronic network as the Internet”. As E-commerce are of many kinds and variation, online grocery and food are one its kind.

Business like Amazon wants to make buying item from their business easier for customers. This is why Amazon offers E-retailing which gives customer option to go shopping online. The internet has had impact change on consumers shopping habit as shopping online has numerous advantages which is why online shopping continues to gain popularity. Some of the advantages of E-retailing is that it’s convenient as consumers are able to go shopping at home which could help them save cost on travelling and also gives consumers an option to compare prices of different products as there are wide range of products being sold online.

The idea behind this study is of great significance because e-commerce (online shopping) has grown tremendously since the turn of the century. It has shaped the way people do shopping for the most part.

The growth of online retailing is quite slow in United States of America as compare to European countries. There are very limited online services have been adopted by retailers in United States of America. The big retailers of country have given just one option to their customer is that just buy products online but pick yourself from your selected store. Such services are available on sites of Wal-Mart, Delhaize and Meijer etc. The main reason of having slow growth of online retailers is the delivery cost of groceries items and limited areas of delivery. There are two famous online retailers, Peapod and Fresh Direct. They have expanded their delivery areas. The management of Peapod is planning to provide their services of smartphones and social media sites by developing unique app. The business of online retailing can be expanded if they target young population of country who are more familiar with technology on daily basis as compare to their elders. There are five areas where Convenient Grocery Stores can bring change in online retail business.

In the past decade we have seen a real transformation in retail, with eCommerce channel becoming not just one of sales channels but a main channel of choice for many. Furthermore, pure online retailers are quite often taking a huge chunk of the market and putting traditional brick-and-mortar retailers in a tough spot. The changes we have seen in recent years are so dramatic that those "traditional" retailers that were not able to adapt are taking a toll.

Our new technology driven society has brought change in many aspects of everyday life, one of the major and most altering advances of this era is the World Wide Web. Through this development the internet has established itself as one of our most used tools of technology, especially when it comes to the ease of using it in the world of business whilst creating one of its fastest growing markets, ecommerce. “Even in categories with relatively unchanged products, companies have leveraged technology to streamline production and create new efficiencies” (Kelly, M., Williams, C. (2018, Page 11). There are many areas in the United States and its markets that had been affected by the web and the spread of ecommerce, I will be touching on online shopping and how businesses have had to change in order to market for ecommerce driven demand, also commenting on the new opportunities in business that have been created in order to sustain demand and supply of ecommerce.

Nowadays, electronic commerce (E-commerce) is rapidly progressing and it is considered to be one of the most perspective fields of the development of business economy. It is extremely essential to the prosperity of financial transactions in every business. Despites these benefits, some people believe that e-commerce can have negative effects on both retailers and consumers. This essay will outline that E-commerce has a positive impact on the economic growth at country level, since it promotes sales which in turn improves company performance and ultimately increasing economic growth.

In recent years, e-Commerce has had a profound and irreversible impact upon many industry sectors. We’ve seen the likes of Amazon and Netflix emerge and eliminate their established competitors. This disruptive market force is now beginning to re-shape the Grocery Retail landscape, and rapid change is well underway.

According to Laudon and Traver e-commerce is the use of internet, the web and different application to conduct digitally enabled transaction between businesses and individuals. In e-commerce it’s mandatory that these transaction involve an exchange of value across the part in concern in return for a service or a good. E-commerce have significantly transformed commerce, in deed beforehand, commerce involved that sale and purchase of good and service using traditional marketing tools, marketers were influencing consumer behavior via advertising. Consumers were unable to have an accurate and symmetric information about the price, the quality, the cost of the product that they were buying, as a result, seller s were taking advantage of information asymmetry to raise their profit. Whereas, e-commerce has brought up a significant reduction in information asymmetry between market forces and allowed markets to get closer to perfect market competition. However, e-commerce allows sellers to collect more precise information about consumer behavior and preferences which has given them the

2. Theoretical backgrounds 2.1 Internet shopping mall Internet shopping allows the purchaser to search and survey the information on service or product by accessing internet shopping site through internet in remote place instead of retail shop as a physical space, and then enables to select or order the goods, and ultimately pay the money using credit card to purchase the goods/services (Ruth, 2000). It is defined as the collective concept of on-line shops having the products in a variety of lines where advertisement and exhibition of the products for internet shopping is carried out through electronic shopping mall, server is equipped with data like prices, structures, characteristics of various products, webpage provides information on the product together with multi-media information (Hoffman and Novak, 1996). Internet shopping mall is characterized by connecting producer directly with final end-user while traditional off-line market comprises four steps from producer through final consumer. In addition, it is rarely restricted by time/space, and easy to acquire information from customer. Traditional commercial transaction requires a large amount of investment to maintain fixed assets and human resource, while e-commerce requires investment mainly for system installation only. Besides, in terms of

Abstract –In the growing economy like India where 402million users of internet exits, which facilitates online transaction between business entities and consumer for various product and services. As market penetration of internet is rising which leads to the growth of e-grocery sector in India. Social media has impacted the growth of online consumers dynamically in Tier I cities. Some e-commerce players came up with the online grocery market concept but not able to sustain which reflects about the dynamic environment toward