Competitive Advantages and Challenges of E-Commerce

Meng Cao

doi:10.54254/2754-1169/47/20230380

Research Article

Open access

Published on 1 December 2023

Download pdf

Cao,M. (2023). Competitive Advantages and Challenges of E-Commerce. Advances in Economics, Management and Political Sciences,47,114-119.

Export citation

Competitive Advantages and Challenges of E-Commerce

Meng Cao *^,1,

¹ Diamond Bar High School

* Author to whom correspondence should be addressed.

https://doi.org/10.54254/2754-1169/47/20230380

Abstract

The rise of e-commerce, driven by the integration of technology into daily life and the increasing consumer preference for online shopping, has revolutionized the global trade of goods. Traditional retailing relied on physical stores, while e-commerce eliminated the need for a physical storefront by hosting merchandise in online stores. This shift reduced operational costs and offered consumers a vast variety of goods. However, e-commerce lacks the social experience of traditional retailing. This paper analyzes the evolution and current stage of e-commerce, evaluates the advantages and shortcomings of online retail, and provides insights into its future development. Understanding the transformative impact of e-commerce on the retail industry is crucial for stakeholders to make informed decisions and adapt to the changing landscape. By examining the past and present of e-commerce, this research contributes to a deeper understanding of its dynamics and implications. This knowledge serves as a foundation for anticipating the future trajectory of e-commerce and its continued growth.

Keywords

electronic commerce, online retailing, advantages and challenges

View pdf

References

[1]. Jimenez, D. J., Valdes, S., & Salinas, M. (2019). Popularity Comparison between E-Commerce and Traditional Retail Business. International Journal of Technology for Business, 1(1), 10–16.

[2]. Quarterly Retail E-Commerce Sales, U.S. Census Bureau News (May 18, 2023), Department of Commerce

[3]. MarkletLine Industry Profile, Online Retail in the United State, January 2023

[4]. How Many Sellers on Amazon 2022. The Latest Data Insight. BusinessDIT. Retrieved from https://www.businessdit.com/amazon-seller-statistics/

[5]. Biggest online retailers in the U.S. 2022, by market share. (2022). Retrieved from https://www.statista.com/statistics/274255/market-share-of-the-leading-retailers-in-us-e-commerce/

[6]. Pymnts. (2023). Nearly a Third of Consumer Electronics Are Bought Online. PYMNTS. Retrieved from https://www.pymnts.com/consumer-insights/2023/consumers-increasingly-go-online-to-buy-electronics-and-cars-too/

[7]. Egan, M. (2023). From groceries to clothes, inflation-weary Americans flock to cheaper products online. CNN Business. Retrieved from https://www.cnn.com/2023/03/21/business/online-prices-cheaper-products/index.html

[8]. Daly, L. (2023). Consumer Debt Reached a Record High of $17 Trillion. But It's Not All Bad News. The Ascent. Retrieved from https://www.fool.com/the-ascent/personal-finance/articles/consumer-debt-reached-a-record-high-of-17-trillion-but-its-not-all-bad-news/

[9]. Aurelien Duthoit, Euler Hermes.(2020) Retail in the U.S. Towards Destructive Destruction

[10]. Francis, D. V., & Weller, C. E. (2022). Economic Inequality, the Digital Divide, and Remote Learning During COVID-19. The Review of Black political economy, 49(1), 41–60.

Cite this article

Cao,M. (2023). Competitive Advantages and Challenges of E-Commerce. Advances in Economics, Management and Political Sciences,47,114-119.

Data availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

Disclaimer/Publisher's Note

The statements, opinions and data contained in all publications are solely those of the individual author(s) and contributor(s) and not of EWA Publishing and/or the editor(s). EWA Publishing and/or the editor(s) disclaim responsibility for any injury to people or property resulting from any ideas, methods, instructions or products referred to in the content.

About volume

Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Conference website: https://www.icftba.org/

ISBN：978-1-83558-141-4(Print) / 978-1-83558-142-1(Online)

Conference date: 8 November 2023

Editor：Javier Cifuentes-Faura

Series: Advances in Economics, Management and Political Sciences

Volume number: Vol.47

ISSN：2754-1169(Print) / 2754-1177(Online)

© 2024 by the author(s). Licensee EWA Publishing, Oxford, UK. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open access policy for details).