If you have understood the concept of electronic commerce and the various components that are involved in this type of trade then you should continue reading this article. This article covers the advantages of this new technology called “ecommerce” in the area of global sourcing, import and export and international trade. The list will go on forever, therefore in this article only those benefits which ecommerce has over the conventional methods to run a business concerned about the organisations which have business presence in more than one country, import and export of services and goods with no physical boundaries and global sourcing to increase efficiency and decrease costs and get higher profits for the organisation, will be discussed. Few advantages of ecommerce regarding the retail industry will also be discussed.

The companies dealing with global sourcing, import and export and international trade have great physical distances between them which is overcome by the use of ecommerce. Ecommerce is extremely powerful and its future is very bright. Can you imagine a customer who is sitting at his home in the United States is bargaining for a product of about $100 with the supplier in Asia? This is the kind of scenarios that ecommerce makes possible. Without ecommerce the same kind of international trade and import and export would be impossible to carry out because the trade would have to be carried out using the traditional phone lines which is very costly. The same will be applicable to the global sourcing industry.

The second major advantage is that the small and medium scale businesses now have a chance to compete with the large ones. Even the SME’s can carry out global sourcing, import and export and international trade by investing small amounts of money because the technology is very easy to use and highly economical to implement and maintain.

The consumer is also hugely benefitted because the number of places to look for a product has increased drastically now by eliminating the geographical restrictions. He can make his choice based on the suitability of the product, price, and location and so on. In fact experts believe that all the activities that are associated with global sourcing, import and export and international trade will be done through ecommerce.

Ecommerce is also much secure that the conventional method because ecommerce solutions make use of the SSL technology. SSL stands for secure socket layer, which is the most advanced security technology that is available in the market today.

Another benefit of ecommerce is: when your customers have to make a purchase on your web site they will have to enter their name, email address, phone number and credit card information. With the proper analyses you can market online by sending mails to a targeted audience which is much more effective than sending out bulk mails. Also, you can inform your customers about any discounts or sales that are going on in your company.

These are just some of the advantages of ecommerce related to global sourcing, import and export, international trade and retail industry. Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.