Naresh Chainani’s Post

Africa sees rise in e-commerce, digital marketplace By Okeri Ngutjinazo June 9, 2024 Online shopping is booming across Africa, with the digital marketplace estimated to grow to $75 billion by 2025. Big players like Amazon want to capitalize, but how can the continent unlock its e-commerce potential? https://lnkd.in/eRFVAkf3

🌍 The Future of E-Commerce & Retail in the Middle East 📈 The Middle East is witnessing a transformative era in e-commerce, driven by cutting-edge technology, shifting consumer behaviors, and a surge in investments. 🚀 Here are key trends shaping the future: Digital Expansion: The global e-commerce market is expected to hit USD 6.35 trillion by 2027. In the Middle East, e-commerce is set to almost double by 2028, with a projected CAGR of 11.5%. The rise of smartphones and fast internet is accelerating growth. 📲 Evolving Consumer Behavior: A post-pandemic shift has Middle Eastern shoppers turning to e-commerce for essentials and more. The tech-savvy, young population is driving the market towards USD 50 billion by 2025. 🛍️ Growth Across Categories: The Middle East e-commerce market is growing across sectors like fashion, beauty, and electronics. Platforms like Trendyol and Amazon.ae are leading, with Trendyol posting USD 3.2 billion in revenue. 🌍 Adoption of Digital Payments: The adoption of Direct Carrier Billing (DCB) and mobile wallets has built a secure payment ecosystem. 85% of consumers are tech-savvy and open to digital payments. 💳 Rise of Quick Commerce: Same-day delivery is reshaping the logistics landscape. Quick commerce platforms are driving the region’s e-commerce, with 80% of buyers using mobile devices for shopping. 🚚 A Promising Future: With nearly 100% internet penetration and a GDP of USD 3.9 trillion, the MENA region is set for e-commerce innovation and growth. 🌟 The Middle East offers unparalleled opportunities for brands in a fast-growing digital market. 🌐 #Ecommerce #RetailTrends #MiddleEast #DigitalTransformation #BusinessGrowth #MENA

E-commerce in Asia: Trends and Insights 📉 As we dive into the world of e-commerce, let's take a closer look at the trends and insights from four #Asian countries that are shaping the future of online shopping. #China 🇨🇳 leads the global e-commerce market, with total online retail sales amounting to almost $2.2 trillion in 2022. The country is expected to continue its dominance, with revenues expected to reach $1.53 trillion by 2025 and $2.14 trillion by 2028. The growth of e-commerce in China is driven by the widespread adoption of mobile payments, with 38.3% of online shopping transactions made through mobile devices. #Vietnam 🇻🇳 e-commerce market is expected to show an annual growth rate of 11.21%, resulting in a projected market volume of $23.65 billion by 2029. The country’s digital economy is expected to top $43 billion by 2025, driven by the increasing adoption of digital payments and the growth of fintech companies. The most popular categories for online purchases in Vietnam are beauty, home products, and fashion. #HK 🇭🇰 online shopping and e-commerce value is $3.7 billion, with a projected market value of $5.4 billion by 2029. Hong Kong is known for its tech-savvy consumers who prefer online shopping for convenience and price comparison. The most popular categories for online purchases in Hong Kong are travel, electronics, and beauty. The country is also seeing a significant increase in digital wallet payments, which are expected to grow to 32% by the end of 2024. #Singapore 🇸🇬 : A Digital Hub Singapore’s e-commerce market was valued at $5.21 billion in 2023 and is expected to reach $9.58 billion by 2029, with a compound annual growth rate (CAGR) of 11%. These countries are at the forefront of e-commerce #innovation, and their trends and insights will continue to shape the future of online shopping globally. Stay tuned for our comprehensive report on the state of e-commerce and how #SMEs are adapting to it in Asia 🌏 , Latin America, and Europe, where we will delve deeper into these and other markets. Feel free to share your thoughts and experiences with e-commerce in these regions. Let's continue the #conversation 💬 . #Ecommerce #AsiaMarket #DigitalTransformation #StayUpdated

The evolution of e-commerce has indelibly transformed retail landscapes across the globe, and Pakistan is no exception. As digital technologies continue to advance, they reshape consumer behaviours, business strategies, and market dynamics.  https://thevoice.pk https://lnkd.in/dPkFv9Zq #EcommerceInPakistan #DigitalRetail #OnlineShopping #MarketExpansion

In this era of technology, the value of e-commerce lies in its ability to: 1. Reach a global audience: E-commerce allows businesses to reach customers worldwide, breaking geographical barriers. 2. Increase accessibility: Online shopping is available 24/7, making it convenient for customers to shop at their own pace. 3. Reduce costs: E-commerce reduces the need for physical stores, saving on rent, inventory, and maintenance costs. 4. Enhance customer experience: Personalized recommendations, easy returns, and fast delivery enhance the overall shopping experience. 5. Provide data insights: E-commerce platforms offer valuable data on customer behavior, helping businesses make informed decisions. 6. Foster entrepreneurship: E-commerce enables individuals to start online businesses with minimal capital, promoting entrepreneurship. 7. Offer a wide range of products: E-commerce platforms can offer a vast array of products, making it easier for customers to find what they need. 8. Facilitate digital payments: E-commerce enables secure online transactions, making it easier for customers to pay digitally. 9. Support omnichannel retailing: E-commerce integrates with physical stores, social media, and other channels, providing a seamless shopping experience. 10. Drive economic growth: E-commerce contributes significantly to GDP, creating jobs and stimulating economic growth. In summary, e-commerce has revolutionized the way we shop, interact, and do business, offering unparalleled convenience, accessibility, and opportunities for growth. #ECommerce #BusinessGrowth #Banking #SmallBusinessTips #Connections #LinkedinGrowth

E-Commerce Solutions: Transforming Customer Experience and Business Growth. Imagine walking into a bustling marketplace where every vendor knows your preferences, offers personalized recommendations, and delivers products directly to your doorstep, all seamlessly. Now, picture this marketplace operating 24/7, without borders, transcending physical limitations. This is the power of e-commerce in today’s digital age. The e-commerce revolution is rewriting the rules of customer engagement and business growth. From small businesses in Kenya leveraging platforms like Jumia to reach new audiences, to global giants like Amazon setting benchmarks in customer convenience, the shift is universal. In Africa, where internet penetration is growing exponentially, e-commerce presents an unprecedented opportunity to drive economic empowerment and inclusion. Take the example of a small artisan in Nairobi who, with a little digital transformation, expanded their customer base beyond their neighborhood to customers in Europe. Or consider Alibaba, which began in a humble apartment in China but scaled into a global e-commerce powerhouse by connecting small businesses to global markets. At Transcend Global Advisors Ltd, we believe your business can achieve the same transformation. Whether you’re looking to create an immersive online shopping experience, streamline your supply chain, or leverage data analytics to predict customer preferences, we are here to help. Our team of experienced experts will walk with you every step of the way, ensuring that your e-commerce solutions are not only cutting-edge but also sustainable for long-term growth. “The future belongs to those who prepare for it today.” – Malcolm X. Begin your e-commerce transformation now, and position your business as a leader in the digital economy. Contact us at +254 751 080 999 to learn more about how Transcend Global Advisors Ltd can help you take your business to the next level. Together, we’ll transform challenges into opportunities and strategies into successes. #ecommercetransformation #digitalgrowth #businessleadership #transcendglobaladvisorsltd #elevatingbusinessbeyondborders

E-commerce in Pakistan has been steadily growing in recent years, driven by increasing internet and smartphone penetration, as well as the rise of digital payment solutions. Here's an overview of the e-commerce landscape in Pakistan: 1. Market Size: Pakistan's e-commerce market is estimated to be worth around $4 billion as of 2022, and it is projected to grow at a compound annual growth rate (CAGR) of over 30% in the next few years. 2. Major Players: Some of the prominent e-commerce platforms in Pakistan include Daraz (owned by Alibaba Group), Shophive, Symbios, and HomeShopping. Additionally, several traditional brick-and-mortar retailers have also established online stores to cater to the growing demand for e-commerce. 3. Product Categories: Fashion and apparel, electronics, home appliances, and beauty products are among the most popular categories in Pakistan's e-commerce market. However, the range of products available online is continuously expanding. 4. Payment Methods: Cash on delivery (COD) remains the most widely used payment method in Pakistan's e-commerce sector, accounting for around 70% of transactions. However, digital payment methods, such as mobile wallets (e.g., HBL - Habib Bank Limited, JazzCash) and online bank transfers, are gaining traction. 5. Logistics and Delivery: Reliable and efficient logistics and delivery services are crucial for the growth of e-commerce in Pakistan. Major e-commerce platforms have partnered with established courier services, while some have developed their own delivery networks. 6. Challenges: Despite the growth potential, the e-commerce sector in Pakistan faces challenges such as lack of trust in online transactions, limited digital literacy, and inadequate logistical infrastructure, particularly in remote areas. 7. Government Initiatives: The Pakistani government has recognized the importance of e-commerce and has taken steps to facilitate its growth. These include initiatives to improve digital infrastructure, promote digital literacy, and develop a regulatory framework for e-commerce. As Pakistan's middle class continues to grow, and with the increasing adoption of digital technologies and payment solutions, the e-commerce sector is poised for further expansion, offering both opportunities and challenges for businesses and consumers alike. #ecommerce #innovation #shopify #business #ecommerceinpakistan #itcn #business #socialmediamarketing #motivation #ecom

The Middle East is experiencing a significant shift in consumer behavior and digital adoption, leading to a surge in online shopping and e-commerce. This is according to a new report by RetailX, a UK-based retail and e-commerce research company. The report offers valuable insights into the retail environment in the Middle East, including shopper behaviors and consumer preferences across the region. It also explores the impact of digital channels on brick-and-mortar stores and payment preferences. #middleeast #gulf #ecommerce #mcommerce #payments #payment #fintech #fintechs #online #onlinebusiness #digitalpayments #digitaladoption #digital #UAE Arjun Vir Singh Mohamed Roushdy, MBA Ravi Sehgal Sanchit Agarwal Dheeraj Wankhade Sameer Syed Feroz Khan Uttam Nayak Shafique R Ibrahim Esmahan Hakkak Nadine A. Jaafar Saleh ALhammad Saleh Al-Tamami Faseeh Khan Nadeem Khan Nitin Sahu Dr. Ali Salim Al Shekaili MEHDI SARDAOUI Sam Boboev Ali Mohammed Chisty Govind Tamboli Dhiran Bhojwani Helal Tariq Lootah Rahil Rizvi Vikas Bulchandani Ashfaq Ahmed Ravi Shankar Gupta Purvi Munot Mithil Ajmera Narendra Nandal Ravi Pande Nilanjan Panda Gopal K. Jithu T. Rahul Kanotra Saurabh Jain

E-commerce in the Middle East: 2024 📈 The Middle East's e-commerce sector is on the brink of a major transformation. Icecat's latest report reveals key trends that are shaping the future of online shopping in the region. From the surge in mobile commerce and the adoption of augmented reality to the growing emphasis on sustainability, this comprehensive update offers essential insights for businesses aiming to thrive in this dynamic market. Explore the detailed analysis and stay ahead in the rapidly evolving e-commerce landscape: 🔗 https://lnkd.in/eRkHCSbX #Ecommerce #REVTON #MiddleEast #DigitalInnovation #MENA #GCC #OnlineRetail Icecat

New Cube Pulse: Year in review: 5 highlights for Southeast Asia e-commerce in 2024, and our predictions for 2025 As 2025 slowly kicks off, we look back on 2024 - another exciting and dynamic year in Southeast Asia's e-commerce industry. Here are some of the top industry developments we noted in 2024: 1️⃣ TikTok Shop transitioned fully from challenger to incumbent, surpassing Lazada as the region's second-largest e-commerce platform with GMV likely exceeding US$25bn 2️⃣ Shopee finally cracked the code on how to balance topline growth and profitability, achieving positive EBITDA in the third quarter of 2024. This was a big milestone for Shopee, but also a broader signal that e-commerce in Southeast Asia can be profitable and - perhaps - investable. 3️⃣ Temu garnered unparalleled media attention and scrutiny for its Southeast Asia expansion, but had a mixed ride compared to its near-instant success in many foreign markets. Its rise did however force incumbents to quickly overhaul their value-for-money offerings, such as Lazada Choice. See the complete Top 5 of key industry highlights, along with our Top 5 predictions for Southeast Asia e-commerce in 2025, on Cube Pulse here: https://lnkd.in/gs4aSAQC Do you have any other predictions for 2025? Share below and let's all discuss!