Home / Knowledge / News / Association / E-commerce taking off, but not a high flyer

E-commerce taking off, but not a high flyer

Feb '07
While the internet is being recognised as a sales channel by a growing number of companies and consumers, the market share achieved by B2C e-commerce as a share in total sales is still relatively small. The quite modest progress is attributable to the fact that online shops still fail to respond to the special requirements of distance trading in the anonymous digital world. In particular, there is a wide gap between delivery and payment both in terms of location and time in B2C e-commerce.

The risk inherent in the payment transaction, which has to be borne by one of the two – mutually unacquainted – business partners, is seen as a great challenge. So it is particularly the conventional payment systems that stand in the way of success for B2C e-commerce as they cannot adequately meet the special demands in performance settlement. Especially smaller e-shops without adequate financial and personnel resources or their own invoicing department – which make up the bulk of online providers in B2B e-commerce – are struggling with the lack of tailor-made payment systems.

Despite these obstacles, turnover in B2C e-commerce in Western Europe looks set to grow at double-digit rates up to the end of the decade. This respectable growth is from a relatively modest base, however, i.e. current annual turnover of roughly EUR 130 bn or one-seventeenth of total retail sales in western Europe. So, in absolute figures B2C e-commerce will remain some way below potential on amedium-term horizon.

The Study concludes:
- Innovative digital technologies have wrought fundamental changes in the trade in goods and services
- Digital web portals provide greater transparency in B2C e-commerce as a more sophisticated form of global distance trading
- This transparency is making B2C e-commerce popular across broad sections of the world's population
- An analysis of the shops, shoppers and goods traded in B2C e-commerce reveals numerous peculiarities ...

Dr.Stefan Heng, Senior Economist (Deutsche Bank Research)

Must ReadView All

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Digital e-com rules may negatively affect developing

Many digital rules being framed by a group of 86 countries under the...

Pic: Shutterstock

E-commerce | On 3rd Mar 2021

Jordan govt urged to impose tax on online purchases from

Asad Qawasmi, who represents the garment and jewellery sector at the...

Pic: Huntsman Textile Effects

Textiles | On 3rd Mar 2021

Huntsman, Sciessent partner for microbe & odour resistant

Huntsman Textile Effects, a Singapore-based provider of high-quality...

Interviews View All

Amit Jain, Shingora Textiles Ltd

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Mark Tokuhara,

Mark Tokuhara

Japan-based FitJoy, a shoe brand for women, has been in the footwear...

Bora Akris,

Bora Akris

Realkom, headquartered in Istanbul, is a fully integrated textile company...

Fiorella Cattelan,

Fiorella Cattelan

With flexibility and versatility, Dettin strives to meet the specific...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi, SVA

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

February 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search