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Describe the impact of eCommerce on global marketplace. Using case studies, Discuss the application of eCommerce in retail, manufacturing and trading/logistics - Essay Example

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Electronic commerce is buying and selling of goods and services and the transfer of funds, through digital communication (The Columbia Encyclopedia, 2004). Electronic commerce provides the capability of buying and selling products and information on the Internet.
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Describe the impact of eCommerce on global marketplace. Using case studies, Discuss the application of eCommerce in retail, manufacturing and trading/logistics
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Extract of sample "Describe the impact of eCommerce on global marketplace. Using case studies, Discuss the application of eCommerce in retail, manufacturing and trading/logistics"

Download file to see previous pages The arrival of information technology has given rise to countless applications in a variety of fields. This world without borders provides every thing, ranging from finding information to shopping online, trading stocks and entertainment. Any thing just is possible, just with a click of a mouse (Ovan, 1999).
Former United States President Clinton has mentioned that if right environment is created for Electronic commerce, every computer will work as virtual shop. For the first time in the history of commerce, business has truly become global. Distance is no long a barrier, but rather death of distance has taken place.
According to the United States Department of Commerce (2002) the volume of business-to-business commerce has increased from US $38 billion in 1997 to US$300 billion in 2002. Jupiter Communications has mentioned that the growth of consumer-to-consumer commerce has grown from US $7 billion to US $41 billion by 2002 and the online consumer market in Europe alone will grow from €29 billion in 2003 to €117 billion in 2009. At present, 61 percent of European Internet users are buying online and spending an average of €843 per buyer. The reason for this growth is improved broadband connections. More than 4.3 million people shopped and transferred funds online. Online trading has reached 31 percent of the total United States investment market in 2002. According to click (2006) the total online consumer spending in 2004 was US$117, which increased to US$ 143 billion shown in table 1.1.
The way consumers buy and sell goods is changing. The reason for this change is Electronic Commerce. Research by Forrester (2006) has predicted that Electronic Commerce sales will increase in US by 7 in 2006.
600 million people surfed web. By year 2005, the global Internet population reached 1.17 billion. The arrival of digital economy has changed the frontiers of business. In digital economy any player can play the game without greater capital ...Download file to see next pagesRead More
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