According to the Census Bureau of the Department of Commerce, the estimate of U.S. retail e-commerce sales for the first quarter of 2008 was $33.8 billion, an increase of 0.8% from the fourth quarter of 2007. Total retail sales for the first quarter of 2008 were estimated at $1,024.2 billion, an increase of 0.1% from the fourth quarter of 2007. The first quarter 2008 e-commerce estimate increased 13.6% from the first quarter of 2007 while total retail sales increased 2.8% in the same period. E-Commerce sales in the first quarter of 2008 accounted to 3.3% of the total sales. These statistics just provide a glimpse of the increasing impact of e-Business on our day to day lives.
Like money and materialistic things, comfort also leaves one craving for more of it. With the advancement in the field of science and technology, the basic idea of a more comfortable life is dreamed by most of the people. The Internet has proved to be beneficial to mankind, by providing all kinds of products and services at the click of a button. Whether one wants to book air tickets or buy a pair of denims, Internet is a single gateway for everything. E-commerce is a powerful tool provided by the world wide web, to make the transactions possible without actual hand to hand transfer of money. As lot of people are virtually imprisoned by work and household activities, Internet and e-shopping saves a lot of time and gives opportunity to choose goods at best prices. With rapidly growing technologies and constantly improving protocols, here are a few features one can expect from the future of e-Commerce.
Virtual Dressing Rooms
The biggest advantage of buying clothes by visiting a brand outlet or regular shop is that, one can get the best fitting apparel by multiple trials. In a trail room, he can wear it and check out in front of the mirror, whether or not the apparel fits him and his personality. It gets hard to find good fitting clothes while shopping online through the various e-Commerce sites. This problem can be solved with the implementation of new technologies, which will enable the user to chose a 3D animated figure of his built, and try the chosen dresses on it. It will also provide flexibility and variety over one's choice and will help to look out for the perfect fit.
Improved Supply Chain Process
Supply chain process is the system of different organizations, people, technologies, activities and resources, which involved in moving a product or service from the supplier to the customer. It involves everything right from purchase of raw products to the dispatch of finished goods. In the near future, e-commerce will be able to facilitate the supply chain process, which in turn will make the transactions easier for the end customers.
Sharing of Product Lists and More Choices
It is possible to clip one's choices on the Internet and make a list for easier accessibility and payment options. These lists can be shared by many users and the products can be discussed online, in order to find the best possible deals. With the advancement in the web based services, it will be possible to offer a provision of shareable lists to the people who want to use it.
Easier Transactions and Better Delivery Options
There are a lot of future innovations coming up, which can really make online shopping a better experience. The features offered may include night time deliveries, ability to pick-up products from multiple drop off points and return them, and being able to choose times within 30 minute windows. The shipment charges may also decrease, with more vendors and franchisees to cater the needs of customers.
Secured Transactions
While making online payments, one is always worried about the security threats imposed by hackers and various non-social elements. A payment gateway provides a mechanism which sends credit card information from merchant account to the bank, for making payments. For the security of these transactions, there is the Secured Socket Layer (SSL) protocol which enables encrypted, authenticated communications across the Internet. With time and improved network security softwares, the protocols and procedures are supposed to get improved, providing a secured and non-fraudulent shopping experience for the customers.
With the increasing popularity of e-shopping, in the near future e-Commerce will surely become a notion absolutely inseparable from the concept of the world wide web.
Like money and materialistic things, comfort also leaves one craving for more of it. With the advancement in the field of science and technology, the basic idea of a more comfortable life is dreamed by most of the people. The Internet has proved to be beneficial to mankind, by providing all kinds of products and services at the click of a button. Whether one wants to book air tickets or buy a pair of denims, Internet is a single gateway for everything. E-commerce is a powerful tool provided by the world wide web, to make the transactions possible without actual hand to hand transfer of money. As lot of people are virtually imprisoned by work and household activities, Internet and e-shopping saves a lot of time and gives opportunity to choose goods at best prices. With rapidly growing technologies and constantly improving protocols, here are a few features one can expect from the future of e-Commerce.
Virtual Dressing Rooms
The biggest advantage of buying clothes by visiting a brand outlet or regular shop is that, one can get the best fitting apparel by multiple trials. In a trail room, he can wear it and check out in front of the mirror, whether or not the apparel fits him and his personality. It gets hard to find good fitting clothes while shopping online through the various e-Commerce sites. This problem can be solved with the implementation of new technologies, which will enable the user to chose a 3D animated figure of his built, and try the chosen dresses on it. It will also provide flexibility and variety over one's choice and will help to look out for the perfect fit.
Improved Supply Chain Process
Supply chain process is the system of different organizations, people, technologies, activities and resources, which involved in moving a product or service from the supplier to the customer. It involves everything right from purchase of raw products to the dispatch of finished goods. In the near future, e-commerce will be able to facilitate the supply chain process, which in turn will make the transactions easier for the end customers.
Sharing of Product Lists and More Choices
It is possible to clip one's choices on the Internet and make a list for easier accessibility and payment options. These lists can be shared by many users and the products can be discussed online, in order to find the best possible deals. With the advancement in the web based services, it will be possible to offer a provision of shareable lists to the people who want to use it.
Easier Transactions and Better Delivery Options
There are a lot of future innovations coming up, which can really make online shopping a better experience. The features offered may include night time deliveries, ability to pick-up products from multiple drop off points and return them, and being able to choose times within 30 minute windows. The shipment charges may also decrease, with more vendors and franchisees to cater the needs of customers.
Secured Transactions
While making online payments, one is always worried about the security threats imposed by hackers and various non-social elements. A payment gateway provides a mechanism which sends credit card information from merchant account to the bank, for making payments. For the security of these transactions, there is the Secured Socket Layer (SSL) protocol which enables encrypted, authenticated communications across the Internet. With time and improved network security softwares, the protocols and procedures are supposed to get improved, providing a secured and non-fraudulent shopping experience for the customers.
With the increasing popularity of e-shopping, in the near future e-Commerce will surely become a notion absolutely inseparable from the concept of the world wide web.
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