International Conference on Strategic Management and Business Strategy

  E-commerce is an innovative way for companies and customers to purchase and sell products electronically. The traditional retail industry has been significantly impacted by the emergence of e-commerce as consumers are shifting more and more in their favor. To remain in business, ecommerce compels them to adapt and innovate. In 2020, e-commerce sales surged by 43%, which is approximately $250 billion, and they are still increasing and will keep expanding. This case study focuses on how e-commerce affects conventional retail. And how it influences the behavior that customers exhibit. Change in Consumer Behavior A key characteristic that lures clients to e-commerce is unquestionably the simplicity of usage.  It enables us access to an extensive variety of possibilities, makes it possible to read product reviews, and lets us compare costs.   E-commerce  overcomes the restrictions that traditional retail possesses, such as shopfronts and business hours. Furthermore, the...

  2024-04-30 Market Share   digital transformation market   Global Market Trends   Digital Transformation market analysis   Next Move Strategy Consulting   Media Industry Industrial Automation Guest Post By   Supradip Baul Industrial and Manufacturing 2024-04-30 According to a recent study by Next Move Strategy Consulting, the Digital Transformation Market size is predicted to reach USD 4907.10 billion with a CAGR of 23.4% till 2030. Digital transformation is the process of leveraging digital technologies to improve an organization's internal operations and customer experiences. This includes technologies such as cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT).  Digital technologies are used to create new products and services that cater to the needs of customers in new and innovative ways. This involves various tasks ranging from customer-facing interactions to back-office operations. It can red...

  by  Katharina Buchholz ,   Aug 10, 2023 Worldwide, a large part of  e-commerce  growth is driven by consumers using their mobile devices, phones and tablets, to acquire goods and services.  According to Statista's Market Insights , mobile e-commerce sales reached $2.2 trillion in 2023 and now make up 60 percent of all e-commerce sales around the world. The share of mobile e-commerce in all e-commerce has been on a steady climb, up from just 56 percent in 2018 to an expected 62 percent in 2027. The increase of mobile e-commerce sales themselves has been even steeper as the whole sector keeps expanding globally. In 2027, Statista analysts expect $3.4 trillion of mobile e-commerce sales, in stark contrast with the $982 billion that were generated in the segment as recently as 2018. As  consumers spend more time on their phones and tablets  and have grown to value the convenience of ticking off their ever-increasing online shopping list wherever the...