E-commerce: is every product suited for it?
- Posted by livia in Trade knowledge
- 2007, October 26th
Tag : e-commerce, global sourcing, import/export, international trade
We know that e-commerce rules the roost today in the arena of international trade and its various aspects such as import/export and global sourcing. Countries such as China have taken the world by storm and literally revolutionized the pace of economic growth by opening new vistas for e-commerce and international trade which has added fuel to the fire of import/export and global sourcing deals making them the hot chase of the current times.
Although the talks about international trade and activities such as import/export and global sourcing being carried out using e-commerce technologies are in the air round the clock, have you ever bothered to stop for a while and just check whether the same is meant for all sorts of products and services? The answer to this question is not very straightforward and needs some brain tinkering which has been done below.
In the arena of e-commerce and international trade involving import/export and global sourcing of goods and services, the best or most suited products are those which are non-tangible or digital. To take an example it is very easy to transmit a file or a code across the globe via the internet or any other form of networking, but it is more difficult and cumbersome to send a pair of shoes half way across the globe without spending a lot of time and money in the process. Secondly in case of any complaint it is literally impossible to exchange the same pair of shoes by sending it back and forth which will cost time and money, whilst a file sent across the internet can be readily modified and sent back and forth as many times as required without much time or money involved in the process.
This makes digital products and services the most wanted products in the list of e-commerce items most suited for international trade, import/export and global sourcing activities. To talk even in the negative sense a customer might feel embarrassed to go across a high street shop counter and ask for any pornographic stuff, but he/she would be more comfortable in purchasing the same anonymously from the internet by paying with a credit card. Of course this is a very crude example yet it goes to demonstrate the effectiveness of e-commerce in international trade, import/export and global sourcing activities.
Thus we see how e-commerce is suitable for products which are digital in nature and non-tangible in existence because of their ease of transmission across electronic media in international trade, import/export and global sourcing.
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