Shan Mohamed’s Post

Exciting times in the world of e-commerce! Saudi Arabia has witnessed a remarkable 17.47% surge in e-commerce activities, with 40,697 new records set in Q2 2024. This growth not only highlights the region's digital transformation but also underscores the immense potential for businesses to thrive in this dynamic market.

🚀 Future of E-commerce with ONDC 🛒 The Open Network for Digital Commerce (ONDC) is revolutionizing the e-commerce landscape in India, creating an open, inclusive, and democratized digital marketplace. At AlgoSmiths, we are excited about the possibilities that ONDC brings to the table for businesses of all sizes. ✨ ONDC aims to break the dominance of major e-commerce platforms by enabling smaller businesses to compete on an equal footing. With its open protocol, ONDC empowers local sellers, retailers, and service providers to connect with consumers directly, without the constraints of traditional platforms. 🌐 For us at AlgoSmiths, this is more than just a technological shift; it’s a movement towards greater accessibility and fairness in the digital economy. We believe in a future where technology serves everyone, not just the biggest players. 👀 We are closely following ONDC’s developments and are keen to support businesses looking to integrate and thrive within this new ecosystem. If you’re interested in exploring how your business can leverage ONDC, let’s connect! 🔮 The future of e-commerce is here, and it’s open to all. #ONDC #EcommerceRevolution #DigitalTransformation #AlgoSmithsSoftCom #Innovation

According to a recent report by Monsha’at, Saudi Arabia's e-commerce platform user base is set to soar to 34.5 million by 2025, a striking 42% growth from 2019. This surge is fueled by significant government initiatives aimed at nurturing small and medium enterprises (SMEs) within the Kingdom. In line with this, e-commerce projects received a substantial $426.7 million in funding in 2023. The transformation of Saudi Arabia's digital marketplace is part of a national agenda to stimulate innovation, marked by the establishment of the E-Commerce Council in 2018. This sector contributed 4% to the GDP in 2020, illustrating its growing impact. With e-commerce revenues projected to hit $56.2 billion by the end of this year but currently constituting only 18% of retail sales, there's a substantial opportunity for expansion. The sector is poised to contribute 12% to the GDP by 2025, empowered by a target growth rate of 15% CAGR from 2020 to 2025. As digital transactions are expected to account for 80% of all transactions by 2030, challenges such as competition, resource limitations, and inventory management must be addressed to fully harness this growth potential. Source: SUSTG

E-COMMERCE VIETNAM’S GROWTH 25% IN 2023 The size of Vietnam’s e-commerce market is estimated to have reached 20.5 billion USD in 2023, for growth of 25 percent compared to 2022. This demonstrates that e-commerce is increasingly asserting its position as a crucial component of Vietnam’s digital economy, driving economic development and leading digital transformation in businesses. Sources: Vietnam News Agency @7:55am 01st February 2024 and Ministry of Industry and Trade

Saudi Arabia's e-commerce market is expected to soar to an impressive $44 billion by 2030, reflecting the kingdom's booming digital economy. This significant growth showcases the increasing shift towards online shopping and the expanding opportunities in the digital marketplace. Looking forward to witnessing the continued success and innovation in Saudi Arabia's e-commerce landscape! 🚀💻🛒 #Ecommerce #SaudiArabia #DigitalEconomy #Innovation"

Saudi Arabia's e-commerce is booming! 🇸🇦 Expected to reach $44 billion by 2030, it's a prime time for businesses to build a strong online presence. **As a Qatar-based web design agency, we've been following this exciting growth. Wondering how to capture a slice of this market? ** Here are some key considerations for building a successful Saudi e-commerce website: * Seamless User Experience (UX): Make navigation a breeze for Arabic users. * Mobile-Responsive Design: Ensure a smooth experience on all devices, especially smartphones. * Culturally-Sensitive Design: Integrate design elements that resonate with the Saudi market. 🇸🇦 By prioritizing these aspects, you can create an e-commerce website that thrives in Saudi Arabia. Want to learn more about crafting a winning e-commerce strategy for the Saudi market? Drop a comment below! #SaudiArabia #ecommerce #webdesign #Qatar mobileapp

#VentureArabiaXNews: TRADEHUB IS SET TO DISRUPT THE E-COMMERCE LOGISTICS WORLD IN THE MIDDLE EAST In a strategic move poised to reshape the e-commerce logistics landscape, Mohamed Ezzat, co-founder of Bosta, has introduced his latest venture - TradeHub. Drawing from the success of Bosta, Ezzat’s TradeHub aims to tackle the evolving challenges of the e-commerce sector by introducing innovative solutions. With a comprehensive suite of services covering everything from order fulfillment to last-mile delivery, TradeHub promises to streamline and enhance the entire supply chain. TradeHub’s key features include advanced tracking and visibility tools, enabling businesses to monitor real-time product movements and provide customers with accurate delivery information. Recognizing the diversity of e-commerce businesses, the platform offers customizable logistics solutions, promoting scalability and flexibility. Leveraging data analytics, TradeHub provides data-driven insights to optimize logistics strategies, reduce costs, and improve overall efficiency. Moreover, with a commitment to sustainability, TradeHub incorporates eco-friendly practices, contributing to a greener and more environmentally responsible e-commerce ecosystem. The impact of TradeHub on the e-commerce landscape is anticipated to be significant. By addressing the crucial aspects of logistics, the platform empowers businesses to meet the growing demands of the industry, fostering a more efficient, transparent, and sustainable future for e-commerce logistics.

ONDC (Open Network for Digital Commerce) is an Indian government-backed initiative to promote open e-commerce networks. It aims to: 1. Democratize e-commerce: Enable small businesses and local stores to participate in the digital economy. 2. Reduce monopolies: Break the dominance of large e-commerce platforms and promote competition. 3. Increase transparency: Standardize and simplify online transactions. 4. Drive innovation: Foster an open ecosystem for innovation and entrepreneurship. ONDC is built on open-source technology, allowing multiple networks to interoperate seamlessly. It covers various aspects, including: 1. Search and discovery 2. Ordering and fulfillment 3. Payment processing 4. Logistics and delivery By promoting an open and inclusive digital commerce ecosystem, ONDC aims to benefit consumers, small businesses, and the overall economy. If you are already connected to ONDC and benefitting you either way or contributing anyway please comment.

✅The Importance of Partnerships in E-Commerce. In the ever evolving e-commerce industry collaboration has become essential for success. As online shopping continues to transform consumer behavior businesses recognize the value of forming strategic partnerships to remain competitive and thrive. ✅Improving Customer Experience: Partnering with other businesses can significantly enhance the customer experience. By offering a wider array of products and services through collaborations e-commerce companies can better meet the diverse needs and preferences of their customers. ✅Expanding Market Reach: Aligning with well-known brands or platforms helps e-commerce companies reach more customers. These partnerships provide access to new audiences and important distribution channels driving sales and increasing brand visibility. ✅Fostering Innovation: Collaborations with technology providers, startups or industry experts enable e-commerce companies to innovate and stand out. For instance partnering with a logistics startup to offer same-day delivery can provide a competitive edge in terms of speed and convenience. ✅Managing Risks and Building Resilience: Strategic partnerships help e-commerce businesses manage risks and enhance resilience. By diversifying supply chains and distribution networks companies can better cope with disruptions. Partnering with multiple suppliers for example reduces dependence on a single source and minimizes the impact of supply chain issues. The Core Consultancy #ecommerce

E-commerce is on an upswing in Rwanda, transforming the economy and offering businesses new opportunities. This article explores how Rwanda's business landscape is set to quickly adapt to the trend and how e-commerce could benefit Rwandan businesses, including wider reach, improved customer experience, and increased sales. It also highlights the advantages of e-commerce for the hospitality industry. https://lnkd.in/dsC_9FxJ #BizOpsRwanda #Rwanda #Kigali #DigitalTransformation #Ecommerce #DoingBusinessInRwanda