With the economy going through hard times, e-commerce is still going strong. E-commerce has already changed the timing, process, and technology of business-to-business and business to consumer market. As you are reading this now, it is still undergoing many changes that strongly influence the economy. An example of the change e-commerce is providing is how business provides the products and services to the customer. The common way for a consumer to get a hold of a company's product or service is to visit them in their brick and mortar establishment. With e-commerce, the consumer will just need to visit their website and transact with it. In addition, almost everyone can make an e-commerce website since there are many cheap webhosting providers that exist on the internet.

In business to business, e-commerce has provided great convenience for the transacting companies. Sales via e-commerce have vastly inflated since 2003. The percentage it contributes to the wholesale sales in the United States is growing bigger every year with percentage with double digits. Because of these developments, many companies are greatly profiting with this method. Transaction costs were significantly reduced. E-commerce has also improved how businesses manage their supply chain. In addition, it immensely reduced the costs for local and global sourcing. E-commerce is surely having its way on reducing inflation, increasing productivity, and increasing profits.

https://forexprofitideas.com/salehoo-review/