What Are The Advantages And Disadvantages Of E-Commerce

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In this way, E-commerce helps close the income gap and ‘provides the possibility of leap-frogging (pass over) for countries across the income distribution’, said Mr Harsha V. Singh, Deputy Director-General of the World Trade Organization (WTO). This is evident in the mobile phone market, he pointed out, as an increasing number of rural farmers in developing countries sign up for subscriptions, more of them are able to engage in mobile money services, open savings accounts & earn interest on their deposits. Lack of skills Despite the growth of E-commerce on the internet & on mobile devices, digital literacy remains highly fragmented and affordable broadband is far from universally available. A major challenge is insufficient internet connectivity…show more content…
This would not be possible in a brick-and-mortar store because of inefficiencies. In many industries, this is the main driver to create a web shop as it creates a strong pull of clients to the website that are in search of something unique or tailored to their preferences. To improve brand awareness A last driver to start a web shop is search engine optimization (SEO). In this digitalized era, it is important to pop up as high as possible on the first page on Google search and other search engines. A website with a high traffic web shop helps significantly in building brand awareness. Advantages of E-Commerce E-commerce has a no. of benefits to companies & customers in terms of cost reductions & time saving, which are equivalent to profit generation. It Reduces Inventory Management Cost The suppliers can reduce costs to manage their inventory of goods by using E-commerce because they can automate the inventory management using web-based management systems. This method indirectly can save their operational costs. E-commerce replaces the manual business processes with their automated electronic equivalents to accelerate ordering, delivery and payment

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