B2B e-commercee is emerging E-commerce Trends in 2017 and will remain stable in 2018 and beyond. The presented infographics have beautifully depicted the trends and inspiring investors to invest in it.
B2C eCommerce is a known phenomenon, but B2B e-commerce is an emerging trend in the world of the Internet. Therefore, Forrester has predicted 12.1% annual growth by 2020 for B2B e-commerce market. The team of Magneto IT Solutions put a great infographic together which illustrates all the trends for 2018.
B2B eCommerce Market Growth in the US
The real reasons behind the unprecedented growth forecast are:
- The changed preferences of B2B shoppers.
- Opportunity to reduce the cost of customer services.
- Availability of multiple channels like in-store as well as online shopping for B2B customers.
10 Large E-commerce Markets in the World
E-commerce Trends is penetrating across all nations of the world rapidly, and B2B e-commerce is the significant gainer. Therefore, China stands first with $672 billion revenue per annum from the e-commerce businesses.
The next is the USA with $340 billion, the UK with $99 billion, Japan with $79 billion, and so on are top ten nations benefiting from the e-commerce growth at global level.
B2B Growth Rate by Selling Channel
The B2B businesses have various selling channels, and all are experiencing phenomenal growth such as distributors have 6.2%, manufacturers have 7%, retailers have the highest growth rate with 26.6%, and wholesalers have 5.8% growth.
Multichannel Integration
The third-party integration is highly beneficial for B2B merchants. For example, it influencing performance factors positively such as,
- Integration of shipping services improves the on-time delivery and order accuracy for B2B
- Shopping cart integration eases inventory management
- Order management system integration smoothen order processes, accuracy, and on-time shipping
Who Will Be Your Targeted B2B E-commerce Customers?
Earlier, B2B e-commerce marketers were targeting C-suite employees to generate leads, but now non-C-suite employees have more say in the decision-making process. One of the clear new E-commerce Trends seen for 2018.
B2B eCommerce Delivery Options
B2B e-commerce merchants have better delivery options such as,
- On-time delivery by third-party logistics
- Automated replenishment
- Partial delivery
- Multiple warehouse location shipping facilities
- Return management
Effective B2B eCommerce Marketing Channels
Among the various online marketing channels, B2B e-commerce gets the most from the website itself. The email marketing stands the next, and the blogs have the third positionB2.
B Ecommerce Customers Prefer to Go beyond the Borders.
The web has no geographic boundaries so the e-commerce. Therefore, B2B e-commerce becomes a global phenomenon, and more than half of e-commerce shoppers have admitted that they have purchased goods or services from the overseas businesses at least once in a year.
Read the full detailed infographic to the “B2B E-commerce Trends 2018” below and see the coming up predicted trends.
Interesting thanks for your post
Remarkable issues here. I’m very happy to peer your article.
Thanks so much and I’m taking a look forward to touch you.
Will you kindly drop me a mail?
China leading already the e-Commerce market did not take long. Double of the US this is interesting. I think I should translate my webstore to chinese.