Question: Explain supply chain processes, logistics and warehousing practices in physical retail and e - commerce industries. E - commerce is evolving rapidly today. The competition
Explain supply chain processes, logistics and warehousing practices in physical retail and ecommerce industries. Ecommerce is evolving rapidly today. The competition online has certainly been growing fast. Advertising rates are increasing, and building a solid brand to stand out among the digital noise is hard. Moreover, consumer shopping habits are changing with the emergence of brandnew technologies like the Internet of Things IoT or AugmentedVirtual Reality ARVR
Some of the Trending Tech Solutions in Ecommerce are as follows:
Artificial intelligence AI
Augmented reality AR
Hyperpersonalised experience
Ambient commerce Online to offline OO
Chatbots
Mobile shopping
Conversational ecommerce
Task: Make a comprehensive report with reference to the following:
How do the abovementioned technologies, over a period, have induced enhanced efficiency in leading ecommerce organisations like Amazon and Flipkart?
What is their relevance to the ecommerce industry?
How do both service providers as well as users benefit from these technologies?
Also, the negative impact that these technologies may create. How do these technologies help ecommerce companies enhance their business revenue and provide a competitive advantage to them?
Will smaller companies survive without investing in such technologies?
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