Indeed, global B2C e-commerce is on track to hit $2.3 trillion by 2018, with much of that robust growth occurring in emerging international markets. Ecommerce has evolved into Unified Commerce, and as new channels emerge and converge, your retail or B2B operation must continue to evolve along with this paradigm shift. Shopping cart platforms like Shopify have eliminated many barriers of entry. Social Issues. This has resulted in a huge loss for e-commerce players. With the growing financial services, the type of payment your business accepts also effects the e-commerce today. For e-commerce sites to achieve growth in new markets, they should be published in local languages. Attackers can not only infect your website with viruses, but they can also expose confidential data. E-commerce presents a world of opportunity for doing businesses, reaching global markets and purchasing without leaving the home or office. E-commerce can provide opportunities to improve business processes, just as phones, faxes and mobile communications have in the past. v. Here are the top 10 most common challenges faced by eCommerce businesses of all sizes.. 1. Thus, an E-commerce initiative can easily become a global E-commerce initiative. Payment solution like My Payment Savvy provides a custom payment solution for your business which can maximize your conversion. Finding the right products to sell. And if those technical issues are related to data security, it can be a nightmare. However, uncertain consumer demand and supply chain issues can affect the e-commerce industry. E-commerce Challenges: Problems and Challenges of eCommerce Industry. We have listed some of the major challenges facing e-commerce today, and their solutions. Public Policy Issues in E commerce. With the proliferation of smartphones and tablets e-commerce volumes have exponentially increased year-on-year, but so has shopping abandonments. 1. Anyone can launch an online store within days and start selling all sorts of products. But at the same time it has posed various challenges to national policy makers and legislators as regards its governance. Here are a few examples of problems that need to be addressed fast, through some sort of global approach: Taxation. There is a risk that e-commerce, along with its e-contracting and e-money cousins, will soar ahead of the world’s ability to come up with at least a minimum number of global rules for it. The major ethical, social, and political issues that have developed around e commerce over the past seven to eight years can be loosely categorized into four major dimensions: information rights, property rights, governance, and public safety and welfare . Such is China’s dominance in e-commerce, it now handles more transactions per year than France, Germany, Japan, the United Kingdom and the United States combined. 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