E-Commerce is the next big thing in the market and has been growing rapidly for the past few years. The digital era has made it possible for the companies to reach a huge amount of audiences in less time and in a budget-friendly manner. There are many reasons behind the popularity of e-commerce industries. There are many reasons for the growing benefits of e-commerce industries these days.Firstly, the growing reach of the internet makes it so popular among the audiences. Secondly, it reduces destination barriers and makes it easier to shop without going to the shop. It also allows the customers a wide range of options to choose from. The customers can read the online reviews of the product compare the prices by sitting at home and then decide which product suits his demands and budget the most.
Recent news on major e-commerce ventures not fulfilling their commitment to hiring A-school brigade has created a stir in the market. The lack of fulfilling the commitment raises concern over the executive recruitment process that the sector is following. The prime reason being sited is the lack of investors or the internal restructuring that most of these companies are following. There are various disadvantages of the e-commerce sector that has led to its unpredictability. The disadvantages of the e-commerce sector are as follows;
- Initial Cost- The initial cost of building an e-commerce application might be very high. There could also be delays in launching e-commerce applications due to lack of experience and inefficiency.
- E-Commerce delays goods- E-commerce takes a lot of time to deliver goods. Therefore, if you want to buy something that you need immediately it is always advisable not to opt for e-commerce services.
- Customers cannot try the product before buying- One of the major problem of the e-commerce industry is the customers cannot try the product or test the product before buying it.
- Customers become impatient at times- If you are buying a product from a shop and you have an inquiry about the product then you can ask the salesperson in the shop for assistance. They will answer all your queries instantly and efficiently and they will also suggest you the right kind of product that will suit both your budget and needs.
These are the various problems that the e-commerce industries continue to face and therefore are facing a lot of challenges and unpredictability among its customers and in the market.