Influenced by the U.S. sub-prime mortgage loan crisis and the domestic property market, as well as the stock market downturn, consumers cover their "pocketbooks" tightly because of their declining purchasing power.
Recently, at the end of the 104th Guangzhou Trade Fair, a considerable number of export enterprises suffered a drastic reduction in orders and the situation short of passengers. But the e-commerce "on-line trade fair" welcomed a substantial volume growth.
A professional from tootoo.com said there are two reasons for the downturn in traditional shopping channels. On the one hand, consumers' purchasing power has declined due to the international financial crisis and the domestic market downturn, and on the other hand, online shopping is becoming a popular pursuit for people shopping. At the same time, "low-cost, high-quality" online shopping caters for consumers favor at present. That is why e-commerce witnesses a volume growth.
E-commerce helps small and medium enterprises weather the financial winter:
Why can e-commerce help small and medium enterprises weather the financial winter? The professional from Tootoo.com believes that the small- and medium- sized enterprises refer themselves to e-commerce in order to reduce operating costs while also expanding their operating channels and improving the efficiency of their operations. The more the economic downturn, the more the value of e-commerce will be utilized. Therefore, the professional from Tootoo.com believes that now is the time for e-commerce companies to enter the enterprise field.
E-commerce transactions can be divided into three parts: before trading, on trading and after trading. The professional from Tootoo.com said that the financial crisis inspired e-commerce services and also posed a challenge. That is e-commerce will be a third party process functional service in the future development of the industry.
