5 B2B Ecommerce Trends that will Shape 2016
It was a great year for B2B e-commerce, and a Frost & Sullivan report claims that the U.S., along with China, will be the largest B2B e-commerce market by 2020, with sales reaching $1.2 billion that year.
It was a great year for B2B e-commerce, and a Frost & Sullivan report claims that the U.S., along with China, will be the largest B2B e-commerce market by 2020, with sales reaching $1.2 billion that year.
For the last decade, retailers have been increasing the ease of shopping and the speed of product delivery as they respond to the on-demand requirements of consumers.
Alibaba.com, the business-to-business side of The Alibaba Group has named India as its second largest market next to China. See what this means for Alibaba.com.
The launch of Amazon Business signifies Amazon’s second major move into the wholesale arena. A larger and improved version of the former AmazonSupply, the new site touts its success to encourage businesses to buy wholesale products from the site.
Midland Metal, an industrial supplier of brass and stainless steel fittings and valves, recently pushed its customers online orders to over 50% of its total order volume, one year after launching a revamped ecommerce website and employing a combination of customer incentives and conveniences.
The notion of consumerization of B2B ecommerce comes up a lot because B2B customers are increasingly expecting that B2C experience. Yes, there are more bells and whistles than ever in B2B ecommerce, but there’s not a straight conversion between the B2B and B2C audiences, says Steven Baruch, Vice President of Strategy for MSC Industrial Supply.
In years past, companies have relied on traditional sales methods like 1:1 sales, distributor relationships, and purchasing contracts to sell business products and services. See what executives expect from online retailers.
Consumer shopping habits are influencing how B2B purchasers expect to buy from suppliers, according to new research from Accenture and hybris software, an SAP company. And B2B suppliers are responding by expanding their ecommerce platforms and overall omnichannel capabilities.