Tag: commerce

E-commerce On The Rise

Although last year’s global recession hurt many sectors of the business world, e-commerce was an area that that ended really well. Buyers around the world spent more than $600 billion dollars last year. This figure was a huge 68 percent increase from the previous year (2000). [International Data Corp (IDC)].

US Online Retail Sales
Historically, the fourth quarter of every year has largest number of online sales. This is usually due to the holiday season. Although, the September 11th attack initially affected online sales, the fourth quarter of last year came back stronger than ever. Here is a breakdown of online sales as estimated by the Department of Commerce for the last two years:

Is M-Commerce in our Immediate Future?

WAP (wireless application protocol) and other forms of m-commerce applications are being touted as the new revolutions in communications and e-commerce. The companies supporting it, however, are the same ones who brought us the Internet revolution; remember that? We were promised that e-commerce would dramatically change the way are we work, shop, and play. Has it? No. Will it? Possibly, but only when it is more convenient, efficient, and useful to shop the Internet than to use traditional means. This requires usability, reliability, and most of all, fast connections, to be better than what we are used to. If the Internet were as easy to surf as cable, for instance, e-commerce would be immensely more popular. However, developing the infrastructure to accomplish this is too costly and time consuming, as many upstart telecoms will attest to.

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