*advantages of E-commerces*
We looked at the concept of e-commerce earlier and the various facets of business and commerce which are covered by this new and exciting technology. Now it's time to have a closer look at some of the advantages which this technology of e-commerce has to offer in the arena of international trade, import/export and global sourcing. The list is quite long and we will consider a few of those advantages which e-commerce has to offer over traditional brick and mortar concept of a business in terms of carrying out international trade concerning organisation which are spread over more than one nation, import/exports of goods and services between nations and the process of global sourcing in order to reduce costs and increase efficiency and profits of the organisation.
One main advantage of e-commerce is that the phenomenon of international trade, import/export and global sourcing has a common factor of great geographical distances associated with them, which are rendered short by the use of e-commerce. Just imagine a trader sitting in a house in the US and trying to negotiate about a product worth say around $100 with a buyer in Asia. Now without the use of e-commerce to carry out this international trade (albeit at a very low scale) or import/export, the profits and margins would be too meagre to spend time and money is the same communication is to be carried out by physical travel, postal mail or even traditional long distance telephone lines. The same can be imagined about global sourcing where it would be much cheaper to buy a product or service locally than to search the earth without the use of electronic media or e-commerce.
Another advantage which stems for the first one is that one does not need to be a huge multinational organisation in order to carry out the international trade, import/export or global sourcing but can operate with minimal costs and individual level since the technology is quite easy to use, economical to install and maintain.
The far and wide reaching range of buying products and services is also useful for the consumer since a person now has a lot of choices from which an option can be selected based on various factors such as location, price, product suitability and so forth. In fact in the coming days, e-commerce would be used to conduct most of the activities associated with international trade, import/export and global sourcing.
Hence we have discussed a few benefits of e-commerce in the area of doing international trade, import/export and global sourcing but that does not mean to say that e-commerce does not have any drawback. These would be discussed separately in the next article.
Related Tags: e-commerce, international trade, global sourcing, importexport
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