According to Forrester Research, B2B e-commerce transactions will reach $1.2 trillion by 2021, accounting for more than 13% of all B2B sales in the US[1]. While B2B brands adopted e-commerce slower than B2C, they’re now quickly going digital to grow business.
Let’s see what has precipitated this shift.
The Changing B2B Buyer Demographic
Research suggests that 73% of millennials are involved in B2B purchase decisions today[2]. The millennial buyer is tech-savvy and accustomed to making online purchases.
As the typical B2B buyer is changing, so our business processes. While older buyers may prefer an in-person experience with a sales representative guiding them, millennials are more comfortable with a digital experience.
According to Accenture, 50% of B2B buyers make half of their purchases online without ever contacting the supplier.
B2B E-commerce Growth in 2019-20
E-commerce has evolved into a multi-trillion dollar industry and will see steady growth over the next several years.
According to Research and Markets, B2B e-commerce sales will more than double global online retail sales by 2020. Naturally, B2B businesses are counting on e-commerce to drive revenue growth.
According to Frost and Sullivan, B2B e-commerce will hit $6.6 trillion by 2020, leaving B2C behind at $3.2 trillion[3].
The US alone will account for $1.9 trillion in sales. With such a rise, B2B e-commerce is expected to move closer to B2C in terms of customer experience, personalization, and a shift to mobile.
Let’s take a look at some B2B e-commerce trends that will gain prominence in the future.
1. Payment Modes
Payment options are a crucial part of e-commerce sales. With the growth in e-commerce, B2B retailers are moving from experimentation to a complete omnichannel sales process.
In the B2B industry, checks and POs are still common payment methods, but mobile wallets, like Amazon Pay and Apple Pay, are seeing a growing adoption. Some B2B retailers still accept fax orders.
2. Commerce and Not Just Catalogue
Up until the past few years, B2B companies mainly used online platforms to display their products and catalogs.
This is changing as B2B buyers do not merely want to use an online platform to gain information about the products, but instead, they want to make purchases online.
B2B companies are therefore expected to make online sales rather than present an online portal for information only.
3. Upgrade B2B E-commerce Software
To accommodate an online strategy, B2B businesses must constantly upgrade their e-commerce software for buyers. In the past, third-party plugins were a popular way to enable online selling.
But now, consumer-based technology is gaining prominence. Such technology allows sellers to offer a superior customer experience.
This lets customers manage accounts, make payments, review order history, and many more. In the future, B2B sellers will invest a large part of their technology budget to e-commerce-related investments.
4. Multi-channel Selling
B2B requirements are tricky and not just any platform will cut it. Instead of purchasing expensive e-commerce platforms that need their own staff to run, or hiring multiple vendors for the job, B2B sellers are looking at third-party applications to manage order fulfillment, inventory, payments, and more.
To do so, an integration provider will become necessary for tying multiple systems together.
5. Mobile E-commerce
According to research by Google and BCG[4]:
- 80% of B2B buyers use mobile at work.
- 60% of B2B buyers report mobile playing an important role in recent purchases.
- 60% of B2B buyers will increase their mobile usage.
- 50% of B2B queries are made on smartphones. In 2020, this figure will grow to 70 %.
Clearly, beyond B2B e-commerce, businesses will need to make sure they’re mobile-friendly.
The future is certainly bright for B2B e-commerce. E-commerce is going to be a crucial factor for B2B companies to gain a competitive edge in the coming years.
With a bright future and growing competition, it is important that B2B companies invest in a sophisticated e-commerce platform to stay in the competition and secure a first-mover advantage.
Source: b2b ecommerce growth rate
https://jagomandarin.com/blog/cara-mudah-mengingat-kosakata-bahasa-mandarin-yang-baru-dipelajari-pemula Mengingat Kosakata Bahasa Mandarin yang Baru Dipelajari Pemula - Because it is a quick way to learn a language is to be in an environment that uses that language so that over time will be able to imitate the language that is continuously delivered.
So to learn Mandarin, do we have to be in the neighborhood of Mandarin and what if in the environment around us is not the Mandarin?
How To Easily Remember Vocabulary Mandarin
Use the vocabulary of the language of Mandarin as often as possible with exercises
Although You are not in the speaking Mandarin, but You can follow the tips below to train the vocabulary of the language Mandarin You :
Hang out with friends who speak Mandarin and ask them to communicate with Mandarin
Mobile digital payments apps (a.k.a digital wallets) are the new pioneers of technology which is ushering us into an era of financial freedom.
Features such as ease of use, freedom from bulky wallets, enticing partner offers, improved security, speed of payment have tilted the scales in favor of e-wallets.
According to a report generated by Statista, “Mobile apps worldwide have seen a rise of 150%.
Although Apple has the first-mover advantage, Google is quickly catching up.
At first, the service was only available to iPhone 6 and its successors but later the company expanded the ambit of supported devices and included the first generation Apple watch.
With the introduction of iOS11 Apple has launched a feature which lets you send money to your friends and relatives.
Exclusivity is one of the promises of the brand to products that will be marketed via e-commerce.
The network of department store returns at full strength by adhering to this modality as part of the strategy to reach the segment.
The project is administered by the partners and cousins, Abdul Fares and Nader Fares.
Products for the home and decoration are among the options that the consumer may find on the site, which will be released by the end of this semester as stated Abdul Fares, “The forecast is that it will be held in the month of June.
Actions of expansion for this year are in full swing, this is because within the business planning of the company Marabraz, is the expansion in the number of stores in shopping centers with focus directed to the public A and B. Today there are 130 units in several cities of the state of São Paulo and the forecast is to open 8 more stores.
Recently, the network launched an international credit card because, according to Abdul Fares, The classes a and B also have the culture of pay purchases in our country.
Apple Pay is a phenomenal mobile payment service by Apple which allows its users to safely store their card details on their iPhone or iPad and use their devices for making payments instead of a card.
So, if you haven’t set up Apple Pay on your devices, then we suggest that you should do it right now.Here’s how you can set up and use Apple Pay.How to Add Your Card to Apple Pay?Follow these steps to add your card to Apple Pay:Open the “Wallet” app.Now hit the “+” button, which is present in the top-right corner.Next, hit the “Continue” or “Next” option.Now you have to enter your credit or debit card details.
You can do this by entering your details manually or by scanning your card with your camera.After that, hit the “Next” option, which is present on the card details screen.Now submit your card’s expiration date and CVV number.Next, hit the “Next” option.Now hit the “Agree” option to accept terms of use for Apple Pay.Next, hit the “Agree” option again.Now, choose a verification method and then hit the “Next” option.Next, hit the “Enter Code” option.Now submit your verification code and then hit the “Next” option.Finally, hit the “Done” option to complete the process of adding your debit/credit card to Apple Pay.How to Change the Default Card for Apple Pay?Follow these steps to change your default card for Apple Pay:Open the “Settings” app that is present on your iPhone/iPad.Now hit the “Wallet and Apple Pay” option.Next, tap on the “Default Card” option.Finally, select the card that you want to use as a default card for Apple Pay.How to Remove Your Card From Apple Pay?Follow these steps to remove your card from Apple Pay:Open the “Settings” app that is present on your iPhone/iPad.Now hit the “Wallet and Apple Pay” option.Next, hit the card that you want to remove.Finally, hit the “Remove This Card” option to remove your card from Apple Pay.How to Manage Your Shipping Address?Follow these steps to manage your shipping address for Apple Pay:Open the “Settings” app that is present on your iPhone/iPad.Now hit the “Wallet and Apple Pay” option.Next, hit the “Shipping Address” option.Now select the address that you want to use as your default shipping address, or you can also add a new shipping address by tapping on the “Enter New Shipping Address” option.How to View Your Recent Apple Pay Transactions Using the Wallet App?Follow these steps to view your recent Apple Pay transactions using the “Wallet” app:Open the “Wallet” app on your iPhone or iPad.Next, tap on your card whose recent transactions you want to see.Now hit the “…” button, which is present in the upper-right corner of your card, to view all your transactions.How to Set up Apple Pay on Your Mac Computer System?Follow these steps to set up Apple Pay on your Mac computer system:Open the Safari web browser on your Mac computer system.Now tap on the “Safari” tab, which is present in the upper-left corner of your screen.Next, tap on the “System Preferences” option.Now tap on the “Privacy” tab.Finally, select the “Apple Pay and Apple Card” option to make payments using Apple Pay on your Mac computer system.How to Set up Apple Pay on Your MacBook Air?Follow these steps to set up Apple Pay on your MacBook Air:Tap on the “Apple menu” icon and select the “System Preferences” option from the dropdown menu.Now tap on the “Wallet & Apple Pay” icon.Next, tap on the “Add Card” button to add your credit/debit card.Now enter your card details manually or scan it by placing it in front of the iSight camera.Next, tap on the “Next” option.Now submit your card’s expiration date and CVV number.Next, tap on the “Next” option.Hit the “Agree” option to accept terms of use for Apple Pay.Now choose a verification method and then hit the “Next” option.Now, submit your verification code and then hit the “Next” option.Finally, hit the “Next” option to complete the process.How to Use Apple Pay on MacBook Air With Touch ID?Follow these to use Apple Pay on MacBook Air with “Touch ID” :Open your Safari web browser on your iPhone or iPad.Now go to the website of the retailer.Next, navigate to the checkout page, and hit the “Checkout with Apple Pay” option.Now hit the “Pay with Apple Pay” option.Next, recheck your shipping and billing address.Now place your finger (“Touch ID” registered” finger) on the “Touch ID” button to make payment with Apple Pay.ConclusionThere you have it, a step by step guide that you can follow to set up and use Apple Pay on your devices.
So, carefully follow all the instructions of this guide if you want to set up and use Apple Pay on your devices.John Smith is an inventive person who has been doing intensive research in particular topics and writing blogs and articles on office.com/setup and many other related topics.
He is a very knowledgeable person with lots of experience.Source:- https://intersecuregoods.com/how-to-set-up-and-use-apple-pay/
The core parent, the core CMO of the household, the future CEO of the enterprise is millennials, and that's a big deal.
Why it matters is that millennials were the first generation to ever grow up with the Internet in the household.https://www.mattbritton.com/blog#portfolio/194f6c85-00ae-4387-a22b-83e9d965e242
