Question

Suggest your proposals to improve e-commerce logistics in Malaysia

Would really appreciate if you do not copy paste your answers from other sources and do use your own words and answer according to the marks requirement.

Answer 1

E-COMMERCE is thought mutually of the best modern-age disruptors. it's continuing to push steady growth across the world over the last many years.
Malaysia’s tryst with Ecommerce started in 2004 with the launch of eBay Malaya. This was followed by Lelong.com.my in 2007 – a C2C platform – that pulls quite nine.56 million guests per month. Lelong is attributable for pioneering the Malaysian ecommerce trade and enjoyed market dominance for a couple of years; before it had been joined by Fashionvalet.com and Mudah.my in 2011.
The current state of Malaysian ecommerce market started taking form In 2012 once 2 major players Lazada and Zalora launched their Malaysian operations, followed by Shopee in 2015.
Fast forward to 2020, Malaysia’s eCommerce market is value US$ four.3 billion, and is anticipated to double to $8.1 billion by the year 2024; at one4% CAGR.

In my Proposals i will suggests following proposals to improve e-commerce logistics in Malaysia :--

1. REALIZE THE DIFFERENT COSTS COMING FROM BOTH SHIPPING AND FULFILLMENT:-

Even though e-commerce has been evolving aggressively, some of the big players within the market are still exploring retail options, which leads to blurred lines between retail and e-commerce. Businesses have realized “that customers prefer to have the choice of buying online or in-store,” writes Mickael Froger for MCM, which will bring different logistic challenges. Fulfillment is processing the order and making it ready for delivery. On the other hand, shipping takes place independently from the fulfillment process, usually through a third party (e.g. USPS, FEDEX, UPS.) One of the biggest challenges for e-commerce logistics is warehousing, and delivery costs and time. Now, with increasing competition, strong online retailers are forced to operate through technologically-equipped warehouses which are located closer to their customers in order to carry out their orders in a timely manner.

2. TAKE ADVANTAGE OF INCREASED NUMBER OF SUBSCRIPTIONS:-

For example, “Fabfitfun”, “Ipsy” or “Me Undies” may have started the subscription boxes trend, but shoppers like them because of the benefits they bring. They like receiving an exciting box filled with their favorite items each month. They like the convenience of shopping, without wasting time or exploring different products each and every month. On the other hand, subscription boxes are great for decreasing supply chain friction. The more predictable shoppers’ habits get, the easier it is to avoid chaos and confusion.

Knowing the number and timing of the order helps logistic companies coordinate shipments and stocking months in advanced, which leaves almost no room for late deliveries or backorders, leading to lower shipping costs.

3. INVESTMENT within the delivery system: -

Competition within e-commerce economic organizations to stand out in the final delivery, which brings the competitive advantage of a time-sensitive client profile. Amazon started the game with a drone delivery introduced in England. As Amazon leads the market, several companies are currently working exclusively on private delivery to satisfy unreserved orders. for example, Amazon Priime is also booming in Mexico. Sadly, several e-commerce companies cannot afford the many distribution centers in the big cities, which makes the two-day delivery option more expensive. For the same reason, small companies think they are from the outside in order to find their customers.

4. Manage YOUR OWN SUBMISSION: -

Options such as free shipping, two-day shipping, or double delivery prices for e-commerce companies, forcing them to go looking for different solutions. Now, the major players within the market are trying to create their own storage and service delivery services. Amazon has already taken action and introduced the "same day delivery," which is offered by its stock services that take companies from the side of the image. Walmart jointly built its own supply chain to eliminate 3PL companies.

5. FOLLOW THE AMENDMENT OF COUPLES: -

Previously, the most popular online customers bought the convenience and convenience of a search when they did not have to go to the mall, find out you were tired, or wait in line. They did not care about the abundance of temporary arrangements. Recently, newly introduced shipping options have doubled the shipping price. With higher taxes, higher client prices became higher, forcing customers to be sensitive to the price. In other words, consumers do not seem to be happy with web search technology. Delivering an order in a very short time, at a reliable price, is key.

6. Within the report:-

The report additionally contains Ti's customized e-commerce market size, growth rates and forecast at the global, regional and national level. It also examines the volatility of e-commerce provisioning, research but the prices of a company's e-commerce provision, such as sales share, vary by sales channel, dry sector, location and much more. And, however, prices have changed over time, so the general distinction is between the final values ​​and the increase in fulfillment.

7. Research :-

The report contains lessons from the business, as a result of the Ti e-commerce provision research. The study, which components respond with shipper and LSP, investigates issues such as B2B vs B2C growth rate in commerce, domestic growth rate vs cross border, full view of end-to-end players, whether online retailers or not can get more over the years in the next five years, although commodity prices offered as a sales share may increase over the next five years, major challenges in e-commerce delivery, year-round approaches, leading to threats to LSPs and technology adoption.

8. Strategic profiles:-

Additionally it selects strategic profiles of the top ten online retailers and eleven suppliers. It suggests ways to stay ahead of the competition and fight against the most important players. this can be complemented by an assessment of the relative level of e-fulfillment market structure and final supply market.

Ti provides insight into providers who provide e-complement services, such as the very old LSPs and compares them to the size of e-fulfillment services preferred by Amazon, Alibaba and JD. we have an additional tendency to define the role of various market segments, such as the size and scope of mid-range LSPs, hence the role of startups, small LSPs niche and multi-channel vendors.

Finally, the report examines the most important technology companies that have the potential to innovate their performance models and how they are distributed to improve customer service.

In a nutshell

Overall, the report provides a comprehensive analysis of e-commerce delivery and development strategies; reasonable recommendations for improving e-recovery processes; different details of its research on topics that may not be possible to evaluate in a second study; a chapter on researching technological advances in commerce; extensive modeling of price structures, market sizes and forecasts; strategic profiles of leading online retailers and e-commerce providers; and how such players respond to the rise of e-commerce giants such as Amzon, Albaba and JD.

If this useful to you then like my answer !