E-Trade Strategy and Electronic Commerce

E-Trade Strategy and Electronic Commerce

Table of Contents

Introduction………………………………………………………………………………..3

Part I……………………………………………………………………………………….4

Part II…………………………………………………………………………………….23

Conclusion……………………………………………………………………………….27

Bibliography……………………………………………………………………………..28
Introduction

In this report we are tiring to find out the advantages and disadvantages of using e-commerce for exports and imports in the garment industry worldwide.
The statistical data found will help us analyze how different companies operate around the world, in different markets. In order for us to establish our own e-commerce trading firm we need to be familiar with the competition in order to achieve an advantage. We need to be familiar with the customers as well to be able to provide them with what they would want. Assessing these factors can help us in utilizing the resources and capabilities the company has in order to the greatest return from them. The questions that we are looking to find answers to are the following;
• How did the e-commerce industry develop
• The value of e-trade around the world
• How is the competition
• Threats of new entrants
• Key success factors
• How to establish an e-commerce firm and make it successful.
Part I

Background of Electronic Commerce

E-commerce is the buying and selling of products over electronic systems such as computer networks and the Internet.
The face of e-commerce has changed dramatically over the past 30 years. In the 1970s it was used only to facilitate the sending and receiving of commercial documents from one company to the other. New inventions, such as the acceptance of credit cards and the use of ATM machines in the 1980s expanded the use of e-commerce. From the 1990s e-commerce has further expanded into information mining and warehousing, as well as into enterprise resource planning. The first pre-internet online system was introduced in 1991, American Information Exchange, in order