How the pandemic has set up the e-Commerce Industry for its magnificent success

1. How the pandemic has set up the e-Commerce Industry for its magnificent success

2. The Rise of E-Commerce Ecommerce is a fast-growing, fast-evolving industry, but the COVID-19 pandemic significantly accelerated this transformation – some say by as much as a decade. The e-commerce sector is expected to grow three times its current size by 2027. The E-commerce industry is transforming towards faster delivery backed by technological advancements. Initial days of the pandemic there was a sudden surge in demand for household goods, such as cleaning supplies, toilet paper and non-perishable food items. Even after continued growth in the e-commerce sector before 2020, the pandemic has pushed e-commerce dramatically forward in a short time just out of sheer necessity in a way never seen before. According to SAP’s VP of Awareness and Thought Leadership in the Supply Chain, Richard Howells, the pandemic pushed digital retail ahead by six years in just the first six months of COVID-19. The two most significant factors which are playing a crucial role in the advancement of the e-commerce industry are last-mile deliveries and smart warehousing.

3. Last-mile deliveries The last-mile deliveries are seeing huge traction due to the rise in e-commerce transactions. Last-mile delivery has seen immense growth, especially during the pandemic and in the post-pandemic scenario. Alongside growth, the last mile delivery companies will also see an increase in the use of telematics technologies as well as the increasing incursion of Electric Vehicles. Increasing use of technology in last-mile delivery is also seeing huge traction and many players are adopting new high-end automation and other scalable technology solutions. The top trend for last-mile delivery operations includes – contactless deliveries, drones and bot-based delivery, smart tracing and location intelligence. There have been efforts to reduce costs for last-mile delivery and make it more agile.

4. Smart Warehousing Smart warehousing means streamlining different warehouse operations with the help of information technology to achieve maximum efficiency. Some of the trends that drive the smart warehousing segment are automation, outsourcing operations to third parties, using the software as a service(SAAS) to handle warehousing operations and tracking the delivery. A smart warehouse increases the productivity of your business and minimizes human work and errors. Other contributing factors that are expected to improve warehousing efficiency in an e-commerce environment include Virtual reality, robotics and the internet of things

5. Here’s the only advice you need! • A course that bridges the gap between technical expertise and management or vice versa is crucial to grab these emerging opportunities in the area of the e-commerce sector. A well-designed advanced course like MBA in Logistics and Supply Chain Management is the need of the hour and that is what exactly UPES is offering to you, in Regular, Distance (ODL) and On Line-mode (OL) considering the talent demand in the booming industry that necessitates the need of flexible learning for working professionals and young graduates.