E-commerce is an exemplary concept in the future of textile and apparel industry. It is playing a major role in the present scenario of textile and apparel industry. It is also very significant that the future of textile and apparel industry is complete only with E-commerce. Diverse e-commerce applications are being implemented in the textile and apparel supply chain. Information and communication technologies (ICTs) have the capacity to make extravagant amounts of information available to users located in various parts of the world. ICTs also facilitate rapid communication between them. One application of these technologies is in the development of e-commerce to support electronic trading.
E-commerce: A new concept and scope
E-commerce can be specified as any form of economic activity conducted through computer mediated networks. The potential of e-commerce caught the public attention as a result of ventures such as the electronic bookshop. As a result there are a growing number of other Internet-based retailers in the business-to-consumer (B2C) e-commerce area. However, business-to-business (B2B) e-commerce is growing much more quickly than B2C forms of electronic trading. Ecommerce is a new and exciting technology, attracting much interest. It has the power of fundamentally changing the ways in which companies do business. It is having a profound effect on the management of the supply chain. Aspects of e-commerce are much diversified.
E-commerce has a large impact on industry as a whole including aspects associated with Business-to-consumer (B2C) ecommerce, business-to-business (B2B) e-commerce. In recent years there has been a dramatic increase in companies practicing electronic commerce. Two basic modes of organizing such companies have emerged. The first is a creating a "brick-and mortar" company, by installing an e-commerce division.
The author is associated with the Department of Fashion Technology, PSG College of Technology, Coimbatore.