Digital chain in e-commerce 2024

Estimated reading time: 34 minutes

The digital chain of e-commerce 2024 includes the following elements: Digital commerce sells goods and services via the Internet, mobile networks, and commerce infrastructure. It includes all activities that support these transactions, including people, processes, and technologies to execute the digital offering. Marketing and customer experience includes dedicated B2B /B2C marketing, lead to revenue or marketing automation activities, including people, processes, and technologies to execute the activities of the development of targeted content, analytics, promotion, pricing, customer acquisition and retention, and customer experience at all touchpoints throughout the customer buying journey b2b ecommerce sales prediction

(Source: Forester Research)

International commerce includes all activities to grow the digital business internationally, including people, processes, and technologies to extend digital commerce globally or in dedicated regions. b2b ecommerce sales

(Source: Forester Research – https://www.digitalcommerce360.com/article/global-ecommerce-sales/)

B2B business collaboration aims to boost digital purchases, e-procurement, and services between customers and companies. At its core, this involves the digitization of the actual sales process. e-procurement process Omni-channel commerce is about the classic omnichannel (online/offline) offering customers a seamless customer experience via every channel as well as the integration of new channels such as digital marketplaces ( so popular in small business e-commerce, like eBay, Amazon, Walmart, Aliexpress) Field sales and service integrates field sales and service into digital commerce, like mobile devices, apps, or tools to offer customers added digital value. It also means integrating sales activities of various channels in a holistic process geared to the customer journey. A great example is the Pipedrive or POS apps on iPads/Smartphones that can be taken to trade shows and simple client premises. POs ecommerce

Connected commerce is the linking of digital devices (Alexa, mobil, IoT, smart devices, etc.) and technologies (IoT, voice commerce, car commerce, etc.) to create new value chains, purchasing options and service experiences. I am surprised that even a washing machine can be added to this network. After sales portals affect all company services in terms of service and support. The services range from the classic “My Account” functionalities, booking a service technician, FAQs, product manuals and personal advice via chat. After sales portals bundle all online and offline services of a company in one central place. They can be easily integrated with CRM, online shop and other solutions ( please look at Zoho One) zoho one 40+ apps Digital customer portals are where all come together – the whole customer journey along the complete customer lifecycle, and all channels are mapped in one place. Through such a portal, companies fully leverage digital touchpoints to provide their customers with seamless experiences and generate insights that enable them to improve their operations or facilitate the efficient management of supplier relationships. A good example is the Procter & Gamble everyday portal ( I was a part of the team that started this program in 2011). everyday me

Just in March 2018, Instagram introduced the shoppable post option, which facilitated the purchase of the product directly from the app. This involved redirecting the Instagram user to the brand’s website, where he or she sometimes needed to register or create a new account. This step could be quite exhausting for many users over a longer period of time (imagine a situation where the user wants to buy something from three different online stores and has to register in each). Instagram responded perfectly to this problem, and the platform’s movement seems very natural. There’s no need to click on a retailer’s website to purchase. The app introduced an amazing new feature – Instagram Shopping.

Instagram Shopping. How does it work?

Open your shop by completing the set-up process below in Commerce Manager.

Review our Commerce Eligibility Requirements to ensure you sell eligible products and comply with our policies, like our commerce policies, terms of use, community guidelines, and more.
Make sure your business has its own website domain. Your shop must contain product listings that are available for direct purchase from your business’s website, and you must represent the store or website associated with the domain provided.
Check to see if you are in a supported market.
Confirm that your Instagram profile is a business or creator account. You must connect it to a Facebook Page if you plan to sell on Instagram and Facebook.
If you don’t have one already, set up a Business Manager account. You’ll need a Business Manager account to set up your shop in Commerce Manager. Business Manager lets you manage your ad accounts, your pages, and the people who might be working on them.
You can choose to onboard onto Instagram Shopping by setting up your shop in Commerce Manager or a supported platform. Or, you can get started directly within the Instagram app.
First, choose how you want your customers to complete their purchase by selecting a checkout method.
Next, choose your sales channels by selecting whether to have your shop on Instagram, Facebook, or both.
Add products to your shop by connecting your existing product catalog or by creating a new one.
Finally, review your shop, then submit it to Instagram for review!

After viewing a product from a brand’s shopping post, the user sees a “Shop now” button. The only thing he has to do before closing the basket is select the size or color, and then he automatically proceeds to payment without even leaving the Instagram app. What Is Instagram Shopping The most demanding step for the user is the first, as he must enter personal data such as name, email, billing information, and shipping address. This data will be remembered so that every next transaction is extremely fast. When you see a product that you love, you can now buy it without leaving the app. Social commerce has never been so easy!

Instagram Shopping – Simple. Convenient. User friendly.

Instagram has dramatically shortened buyers’ journey from product discovery to purchase. The entire path from getting inspired to getting the item will be much easier and faster. This can be a crucial step in decreasing the mobile gap in eCommerce. Moreover, there is a massive difference between the number of people using traditional eCommerce sites and social media platforms. Research says that we usually spend about 142 minutes daily on social media, whereas we spend only 8 to 10 minutes in online stores. While browsing social media for hours, the user can simultaneously make a quick purchase without expending additional energy… This seems like it might be killing our wallets, but it’s a dream situation for retailers and companies. It is another sales channel for omnichannel eCommerce that is a part of digitizing company touchpoints and sales channels.

Intershop-B2B-ecommerce-report 2019

Investment in the digitization of sales and service processes in B2B

continues to be huge – with respondents’ organizations investing €1.54 million on average in the financial year 2017. In the financial year 2019, this is expected to grow to €1.79 million. This considerable and increasing financial commitment illustrates the importance of digitization strategies. In short, empowering organizations by connecting processes and channels as well as growing reach and market share has become a priority. I recently read a report: Forbes insights: The New Rules of Customer Engagement This another example of digitization in loyalty and brand awareness programs. It shows the data that most huge companies use AI for their interactions with consumers, chats, chat bots, analytics, customization and personalization. Regardless of the levels of digital maturity respondents agree that C-level commitment is crucial.

eCommerce

There is work to do when it comes to the strategy for e-commerce in B2B. Digital masters are twice as likely to report a fully implemented strategy (82%). It´s fair to assume, they will not rest on the achieved results, but are working on options to push ahead. Organizations report that business processes had to be optimized (28%) and/or quality of data (28%) had to be overcome by their organizations to digitize their sales and services. With just under three in 10 respondents (29%) almost surprisingly few report that their internal organizational structure had to be changed. Greater efficiencies (42%), however, indicate that the efforts are well worthwhile. All the fields of e-commerce require improvement – with less than one in six (15%) saying their organizations’ digitized sales and services require no improvement. Clearly, there is still room for optimization throughout B2B organizations, especially by digital newcomers who trail digital masters by, on average, 20%. This again points to the fact that the gap keeps widening between fast movers and late adaptors, strongly calling for their sense of urgency. challenges-in-optimizing-B2B-sales-and-services-2019 Summarizing

Digital chain in eCommerce is changing all the time. It integrates more and more processes and channels.
The most important is to introduce a smart strategy for this chain and its adjustments of constantly changing environment.
B2B can implement similar solution what already exists in B2C companies, especially CRM and marketing automation, AI solutions that are built-in feature in most CRMs nowadays.
You need to learn and fast adapt these solutions and test them in an efficient way before the introduction to your customers, because trust and engagement are really important for all customer generations.
Marketplaces, omnichannel solutions and social media ecommerce are now a standard sales channel. The competition is growing and learning very fast.
The companies invest more and more in digital solutions. This is what I see in Poland now – 12.6% more investments ( June 2019)