Introduction
Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, coined the phrase and used it for the first time in the 1984 law's title and language. The late Gwen Moore (D-L.A.), the committee's chairwoman, sponsored it. While other technologies, like e-mail, may also be used, e-commerce frequently—if not exclusively—uses the web for at least some of the life cycle of a transaction.
Impact of E-commerce
The Write For Us Ecommerce category enables you to share your views on e-commerce and related aspects with us.
Some of the impacts are-
1. Impact on Customers
Consumers gain from e-commerce since it allows them to browse websites and buy products that aren't sold in nearby businesses without having to leave their houses. Customers might be able to purchase a greater variety of goods and spend less time doing so. Online shopping gives consumers more control. Users can research products and compare prices among sellers. Customers may also see what other people think of a product and decide before buying if they want to spend money on it thanks to the practice of user-generated ratings and reviews from businesses like Bazaarvoice, Trustpilot, and Yelp.
2. Impact on Environment
From 1.1 million (1.00) short tonnes in 2017 to 1.3 million short tonnes (1.2 megatonnes) in 2018, North American e-commerce increased its production of container cardboard. Just 35% of the cardboard manufactured in North America is made from recycled materials. Asia recycles at a rate of 93% whilst Europe recycles at an average of 80%. Since 2016, Amazon, the company that uses the most boxes, has reduced the amount of packaging material it uses by 19 percent by weight. Retailers are being forced by Amazon to produce their product packaging in a way that eliminates the need for additional shipping packaging. A 85-person team at Amazon is also working on packing and delivery material improvements and reductions.
3. Impact on Retail Industry
Major U.S. companies' downfall has been attributed in significant part to a phenomenon known as the "retail apocalypse." Due to the rise of e-commerce companies like Amazon, traditional retailers increasingly find it more challenging to entice customers into their stores, and companies have been forced to change their sales strategies. While closing brick-and-mortar sites, several businesses have upped their internet marketing efforts and used special discounts to entice customers. Some conventional merchants have been compelled to shut down their brick and mortar operations due to the trend.
The Bottom Line
E-commerce, also referred to as electronic commerce, is the process of buying or retailing things electronically through the Internet or through online marketplaces. A few of the technologies utilised in e-commerce include electronic data interchange (EDI), automated data collection systems, electronic funds transfers, inventory management systems, supply chain management, and online transaction processing. E-commerce makes up the greatest portion of the electronics industry, and it is fueled by developments in semiconductor technology.