In the United Arab Emirates, e-commerce is experiencing rapid growth. While one of the causes of this change may be the UAE’s young, tech-savvy population on the rise, the broader market structure has changed to consider digitalization. The entire market environment in the United Arab Emirates appears to have changed due to e-commerce, from the increased use of online marketplaces to the arrival of merchants from other countries to claim their digital property. You have many opportunities at your disposal, from creating various touch points across platforms to keeping repeat consumers and updating marketing techniques.
Are you an aspiring entrepreneur considering launching an online store in the United Arab Emirates? Or perhaps you already have a physical location but are having trouble keeping your inventory and orders in sync? You might even have a strong web presence, but your operating expenses make it difficult to increase your bottom line. The solution, then, is to link your order, inventory, and logistics to speed up inventory turnaround and coordinate your efforts.
But let’s first concentrate on the available market opportunities and comprehend the market’s undiscovered potential for e-commerce enterprises!
Growing Opportunities in the UAE
Customers depend heavily on emerging technology systems, but businesses also use them to expand their retail capabilities. The GCC area currently has the highest rates of worldwide e-commerce penetration. According to the 2019 report e-commerce in MENA, Opportunity beyond the hype by Bain & Company, the UAE’s penetration rate is 4.2 per cent, comparable to Turkey’s and Brazil’s.
You, as a vendor, cannot afford to overlook that. Amazon.ae has surpassed namshi.com and noon.com to become the most significant participant in the UAE market in 2020, with revenues of US$338 million, US$144 million, and US$128 million, respectively. Even while Amazon has historically been the best e-commerce platform in the region, there are still others that you can surely take advantage of, mainly if you are a startup searching for a specific market of customers.
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A warehouse management system (WMS) refers to a software mandatory for executing warehouse operations.
It brings efficiency and accuracy in warehouse tasks and overall improves the supply chain cycle Read more...
Disruptions from minor material shortages to large-scale natural disasters stopping up transportation have always been something every supply chain must be prepared for.
However, some events are so sudden it is nearly impossible to properly prepare, with no better example being the COVID-19 pandemic.
In mere days, healthcare products and groceries were flying off store shelves.
Many supply chains could not properly shift production from their primarily Asian manufacturers to account for this sudden demand.The pandemic put many companies to the test, something their supply chains were not ready for, exposing many issues in the inflexible nature they operate.
Here are five critical factors we recommend considering when planning to build up supply chain resilience in your business.1) Control your OverheadIn the business world, “resilience” refers to the ability of a company to show flexibility, allowing them to roll with the punches frequently thrown at them and quickly adjust to any change.
However, it is much more challenging to bounce back from a monetary loss than a minor supply issue, and your wallet is the first thing a disruption in the business world will hit.Consider using third party services like Katalyst to help take the load off your shoulders!
