July 21, 2019

Competition and Industry News

How Alternative Lending Sources Can Help E-Commerce Companies Growedit

Ecommerce companies must surmount a variety of unique challenges to grow. At any given time, companies may encounter a desperate need to spruce up the look and feel of their website and mobile app, boost their digital storage capacity, or optimize the way they process transactions so that customers can make purchases on different online platforms seamlessly. They also may face concerns shared by traditional brick-and-mortar firms — for example, restocking supplies or inventory, adding employees, and managing payroll and other expenses.

Publication : E-commerce Times

Date : 20 July 2019

E-commerce
Flexi-jobs in e-commerce industry records 77% rise in 3 years: Reportedit

After the goods and services tax (GST) and demonetisation, e-commerce has seen the highest shift from the informal to the formal sector with the highest growth in flexi-staffing jobs between 2015 and 2018. According to the latest report on the flexi staffing industry by Indian Staffing Federation (ISF), the share of formal flexi-jobs in the e-commerce sector has grown from 77 per cent in 2015 to 91 per cent in 2018.Reforms like the GST and demonetisation have led to the maximum informal to formal shift across sectors in 2015-18 with e-commerce growing mo­st at 14 per cent.

Publication : Business Standard 

Date : 21 July 2019

E-commerce
More power to Amazon merchants in Indiaedit

Following the settlement with German anti-trust authority, Amazon has incorporated changes in its service terms in India. In a move to strengthen seller rights in the country, the company will now have to update its policies for third-party merchants. The ruling comes after a seven-month investigation into allegations by third-party sellers of unfair treatment by the company. The major changes will include Amazon sharing liability with business partners, a 30-day notice before removing merchants from the platform and considering the merchants while charging for product cancellations and returns.

Publication: The Asian Age

Date: 21 July, 2019

AmazonE-commerce
How Technology is Revolutionising the Online Furniture Market in Indiaedit

The online industry has increased by leaps and bounds, thanks to ever-evolving cloud space and artificial intelligence. Today, no one must step out of their homes to buy items as basic as a grocery or as complexes furniture, since everything is available at the tap of a finger and delivered in a greased lightning speed. Such trends are gradually becoming a part of the buying process.

Publication: Entrepreneur

Date: 20 July, 2019

E-commercefurnitureTrends
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