Question

E-commerce contribute to growth opportunities in local logistics companies in Malaysia. Justify your answer.

Would really appreciate if you do not copy paste your answers from other sources and do use your own words.

Answer 1

1-E-COMMERCE-

1- E-Commerce contribute to growth opportunities in local logistics companies in Malaysia as E- commerce is a Game changer for logistics industry in Malaysia the E- Commerce industry is growing exponentially within the southeast asia region particularly in Singapore, Malaysia, Indonesia ,Thailand, philippines and Vietnam.

2-BMI research in 2018 reported that these asean countries are set to contribute an estimated of USD64.8 billion ( RM357.9 billion) in 2021 from online shopping market activity, a giant leap from USD37.7 billion recorded.

3-The driving forces of this immense growth are the ever- increasing consumer demands and evolving innovative digital solutions.

4-As technological advances enable more Web- based retail platforms to be established and bring more shoppers online, the pressure to deliver purchases effortlessly now falls onto logistics companies.

5- According to a recent study by DHL, logistics companies now face greater challenges driven by the high growth of E- commerce.

6-However, these challenges also brinh profit opportunities that can ultimately tip off the economic output of the logistics industry.

7-To begin with , customers have high expectations when it comes to online shopping. It's not a stretch to say that they want the perfect shopping experience.

8-The ease of purchasing, the affordability and availability of products ,the flexibility of return policies,the variety of shipping options, the capabilities fot real timr tracking, and low - cost ( or free) deliveries are instrumental factors affecting the average customer's shopping experience.

9-The study notes the fact the urban e- commerce trends are of high velocity and high frequency but of small quantities. Which can be cost - consuming for logistics companies if they intend to maintain the same performance standards for large - quantity deliveries.

10-The report highlights the necessity for logistics companies to strategically innovate in order to stay on top of these growing and changing demands as well as counter the shortcomings of the industry.

11-Innovative efforts must be pursued at full- scale to satisfy this exploding market and that means adopting innovative- first thinking, investing in long-term solutions, and automating processes to increase efficiencies.

12-With the right strategies and gameplan ,the dynamics of logistics operations can be drastically changed and supply chain processes can be transformed.

13-The continued rapid growth in e- commerce markets will demand an equally rapid and innovative response from transport and logistics businesses.

14-Do more with less- to stay competitive in the modern market organizations will have to purchase predictive software based on inventory sensing tied all the way back to customer browsing and product interest to manage and streamline warehouse processes.

15-SUSTAINABLE SOLUTION-

1-The supply chain is no longer linear but rather circular. Suppliers are now finding ways to reuse and reclaim materials to keep prices low and competitive while simultaneously appealing to millennials. Who value and support brands with a strong ESG ( Environmental, Social, and Governance) focus.

16-DIGITAL DEVELOPMENT-

1-Technology and the digital revolution will continue to disrupt every business and as the world becomes a smaller place more companies will have to embrace the digitalization of logistics or risk being left behind.