The social media era has swept the globe like no previous movement before it. Social media allows users to interact with individuals all over the world and share films, images, opinions, and personal experiences. Connectivity has increased dramatically as a result of technical advancements, allowing even the most remote locations to access the internet.

The Asia Pacific area has shown a strong response to this new dawn of social networking as the rest of the world has. The region’s social media consumption has exploded, with China, India, Indonesia, and Japan leading the way in terms of monthly active users.

Furthermore, Filipinos spend the most time on social media each day, much exceeding the worldwide average, and were followed by Indonesia, Malaysia, Thailand, and India. As a result, it should come as no surprise that Asia Pacific has a robust social media presence.

Smartphones and linked gadgets have been more readily available to Asia Pacific populations in the period of consumerism and increased levels of disposable income, which has supported the region’s expansion and surge in social media usage.

What Is E-Commerce (Electronic Commerce)?

Electronic commerce, also known as e-commerce or eCommerce, is a business concept that allows businesses and individuals to buy and sell goods through the internet. E-commerce is present in each of the four key market segments listed below:

✅ Business to business

✅ Business to consumer

✅ Consumer to consumer

✅ Consumer to business

E-commerce, which can be done on computers, tablets, and smartphones, can be viewed of as a digital version of catalog shopping. E-commerce transactions can be used to buy almost any commodity or service imaginable, including books, music, plane tickets, and financial services like stock investing and online banking. As a result, it is regarded as a highly disruptive technology.

KEY TAKEAWAYS:

📌 The buying and selling of goods and services over the internet is known as e-commerce.

📌 E-commerce can be used in place of physical stores, while some companies choose to keep both.

📌 Today, almost anything can be purchased via e-commerce.

The rhetoric that “retail is dying” is false. In reality, in this post-Covid era, retail is rapidly evolving to fulfill consumer demands for in-store innovation and service solutions for their purchasing needs. E-commerce is one of the hottest topics right now, but it’s not just about placing your things on the internet and hoping someone would buy them. It does not compete with traditional retail; rather, it complements and grows it. It’s not just about sales; you need to build relationships with your customers and then personalize your connection with them through the correct in-store experiences that offer them reasons to return.

Tenant mixtures are evolving and changing in reaction to changes in customer behavior, which is one of the current innovations in play. Prior to Covid, we witnessed tenants consolidate their space, as well as the closure of underperforming stores. Certain retail categories, such as supermarkets, pharmacies, and athleisure tenants, were, on the other hand, expanding. This is due to buyers’ concentration on necessities, health and beauty products, and shifting fashion preferences.

Breaking the E-Commerce ceiling in South East Asia

You are watching Retail is NOT Dead. #TechUp Retail Webinar: 

Etaily, is an end-to-end e-commerce service provider, offering a one-stop omni-channel solution ranging from warehousing and fulfillment, technology to integrate all digital channels, channel management, performance and social media marketing.

https://etaily.com/

Digital Pilipinas is a multi-month event that aims to bring the country towards a prosperous and innovative future that will accelerate the development of regions, cities, and towns; businesses; and entrepreneurship. Designed to bring and build advancements that will make our nation globally competitive, Digital Pilipinas will showcase that the Philippines is an emerging thriving technology nation and a platform for the Filipinos’ local and global prosperity. 

https://digitalpilipinas.ph/

At GeiserMaclang, we believe in the fundamental importance of building trust with all of our stakeholders. We achieve this by exhibiting accountability, responsibility, and a commitment to deliver value at every interaction. Possibilities lie in new and uncharted territories in the field, and in order to pursue them we must first build confidence amongst our stakeholders. 

https://www.geisermaclang.com/

Foxmont Capital Partners – We are not only investors, we are fellow entrepreneurs who strive to build close relationships with you and your organization. Grow with us. We believe we can add concrete value to your business because, in addition to providing capital, hands-on support, strategic advice, network, and experience, we more importantly understand what it takes to endure the challenges of growing a business in the Philippines.

https://www.foxmontcapital.com/

About DigitalFilipino – Janette Toral – a personal website of Janette Toral that started last September 17, 1999. This site has served as a platform for numerous online experiment in the area of e-commerce, Internet research, Philippine Internet history, and blogging.

https://digitalfilipino.com/

MSME Tech Tools [The Department of Trade and Industry]

This site was developed to provide information to micro. small and medium enterprises (MSMEs) on the different technology tools, applications, platforms and resources available in coping with the challenges and disruptions brought by the community quarantine.

https://www.dti.gov.ph/covid19/tech-tools/