Development of e-Commerce

Many companies across the world increasingly combine functionality and design to create an internet accessibility that will enable the companies meet the customer’s business requirements. Web development and design requires a perfect balance between design and content. Many companies are now able to offer services of web development and e-commerce and enable their clients gain the understanding that architecture of information is the most crucial component of business operations. The development of e-business has enabled a web design development and a search engine optimization strategy that will result in a strong online business production and the overall success of every company. The development of e-business has also enabled small business enterprises succeed in their online ventures and at the same time ensure that they maximize their profitability.

The United States has and has witnessed tremendous development in e-commerce with wholesale and retail industries recording significant progress. China’s patterns of commercial distribution such as retail chains, supermarkets, distribution centers, and dealership have gradually matured through learning from the western countries. The various forms of distribution have enabled china and other countries achieve economic modernization. However, countries from the East continue to expand their modernization strategies while the western countries such as the United States have experienced an e-commerce revolution that challenges and changes the traditional patterns of distribution and embrace modern business and distribution patterns. The revolution has fundamentally had dramatic impacts on foreign trading, domestic trading, wholesale and retail industries, consumer goods trading, producer goods trading, and intangible and tangible goods trading. The aspect of e-commerce has developed to be an economic phenomenon broadly affecting production, distribution, exchange, and consumption of goods and services. Although e-commerce is still small in numbers compared to other business ventures in the whole economy, it is rapidly growing and it provides more evidence that it will become the core engine of economic growth in the future.

The IT industry has also experienced significant level of development in the past few years. For example, telephone users have significantly increased in the recent years. The IT industry heavily contributes to the countries’ growth in GDP and not only does it fuel economic growth but it also lays a solid foundation for the development of e-commerce in the coming years. However, some experts and scholars argue that the development of e-commerce will lead to the elimination of the traditional wholesale and retail industries, which may eventually lead to higher rates of unemployment in the economy. This concern fails to recognize the opportunities that are likely to come about due to the existence of e-commerce. The pressure created by the development of e-commerce will lead to the weakening and elimination of inefficient distribution channels while giving way for the introduction and enhancement of more efficient ones. This therefore means that the disappearance of traditional wholesale and retail industries should not be a cause for worry but countries should rather devise ways and means of facing the challenges; grasp potential chances; and advance to the establishment of e-commerce. It is observed that the development of e-commerce in countries such as United States is stepping into the takeoff stage, while in countries such as China; e-commerce is still in the infant stage. This implies that e-commerce in countries such as china still has a long way to go in order to catch up although such countries are increasingly investing in e-commerce.

References