E-commerce is one of the most thriving sectors in India and has changed the shopping pattern of individuals. Gone are the days, when people used to shop for fashion from these online stores. Today, even B2B sector relies on online shopping for their industrial and business supplies.
This positive shift in the shopping trend of the customers has been welcomed by the online marketing sector, which raised a number of entrepreneurs venturing with various products. However, this has increased competition in the market.
B2B e-commerce business has opened immense opportunities for the online industry, and the following has been forecasted for Indian e-commerce:
Growth in Marketing
Marketing and branding activities are an important part of e-commerce sites. Many e-commerce sites have seen a gradual growth in performance-based marketing and have turned out to be a blessing. This offers great profitability. It is important to pay attention to the market that brings in a considerable amount of sales in the future.
Rise in Wallet Usage
With everything shifting to smartphones, businesses have become more digitized in payment. Last year, wallets and online payments were in trend, and in the coming years, the trend is not going to fade away. More and more people are adopting digital and cashless payments. Wallet usage will surely become the preferred choice of payment mode in the coming years.
New Categories to Take Over the Stakes
Now, Indian e-commerce companies are not only limited to fashion, food, and grocery; they have entered in categories like electronics, tech, and gadgets. New entrepreneurs have set their foot to create, capture and dominate various categories that have a regular impact on our daily lives.
Digital Transformation for B2B Sector
B2B business can save up to 90% on sales and operating costs due to B2B e-commerce websites. Digital transformation will help in bringing speed, predictability as well as profitability to the B2B segment.
Customer Care and Engagement will be Crucial
The existence of customer support services allows nearly instant feedback. This feedback keeps sales executives aware of the improvement areas. In the future, there will be a more tech-based approach to this. It will likely help businesses handle real-time customer queries.
More Emphasis on Data Analytics
Every e-commerce company relies on data analytics to drive decisions. This practice will grow in the future as more specific data tools become available. Data analytics can also be used to drive traffic to the website and also to drive the right offers to the user base. Data-driven campaigns always perform better and the scope of data analytics will surely increase in the upcoming years.
Virtual Shopping Experience will Increase
The time is changing and so is the shopping experiences. The key purpose of e-commerce sites is to bring the shopping experience alive for the customers. With e-commerce websites, you get an option to visualize how a product is without actually going to a store.
In this era, artificial intelligence is a part of our everyday lives. This will also play a key role in e-commerce as we rely more and more on our mobile devices. At present we have features that suggest our products based on our purchase history, browsing history, likes, etc; however, in the coming years, the tools will become more specific and provide us suggestions more accurately.
Now the technology is evolving every day, and with this, the shopping and e-commerce trends are also changing. Now e-commerce aims to increase sales and multiply the number of online shoppers. The above-mentioned trends just not only aims at enhancing the operation of a website but also focuses on complete customer satisfaction. With so much to be implemented in the e-commerce sector, the B2B e-commerce industry is sure to thrive more avid.
SMEs and MSMEs are the backbones of the Indian economy. However, in order to sustain the cut-throat competition from the big giants in the industry with its limited access to resources and technology, the SME and MSME sector needs proper assistance and support. This is why the government provides subsidies and rebates to small and medium enterprises.
Angle grinders are one of the most common grinders you will find in the market these days. They are hand-held grinders that feature a right-angle gear head with an attached abrasive disc.
These grinders come with several attachments, which can be used to cut, sand polish, and sharpen materials that include stone, tile, marble, wood, concrete, and both ferrous and nonferrous metal. While you are looking to buy an angle grinder there are several considerations that should be taken care of. Let’s look at some of the tips to buy an angle grinder.
For some people, carpentry reflects the image of a hammer, a nail and some pieces of wood while for others, it is an art. Carpentry is all about building masterpieces with wood. But unfortunately, many people are being held back from carpentry due to several myths. Starting a new business can be scary at first and it can become worse if people start believing the myths and rumors. So, here, check the most common myths about carpentry that may be holding you back from starting your business.
If you are in the manufacturing industry or construction business, there are a number of tools that are a must for efficient and quality work. Without these tools, you will not be able to complete your work in committed deadlines. For that purpose, tools become an essential part of your job. So, here is a list of 10 must-have power tools.
In part 1, we discussed a few of the industrial paints; In this article, let’s discuss some more industrial paints:
These coatings are mainly used as topcoats in epoxy paint systems. These coatings fill a vital niche for high-performance applications over metal, concrete, wood, and plastic.
· Weather resistance
· Excellent gloss durability
· Good chemical resistance
· Good solvent resistance
Paints and coating play a vital role to enhance the value of everything. From homes and manufactured products to bridges and other structures, paints are used everywhere. Paint is very important to keep everything looking new and in good condition.
Industrial paint coatings are a protective coating that prevents damage to industrial equipment. This enhancement adds value far beyond the cost of buying or applying the paint or coating. Let’s look at the detailed description of various types of paint.
Power Cuts can be irritating during a meeting/ project or when you come home after a long day. During these power cuts, inverters can be very helpful as they keep supplying electric current to electrical and electronic devices so that we can continue our work without any interruption.
The backbone of an inverter is the UPS battery. This is where all the power is stored which is distributed by the inverter to various power sources. Therefore, it is necessary to take care of an inverter’s battery for an uninterrupted power supply.
Here are the top 5 ways that can help maintain and extend the life of your inverter’s battery.