eCommerce sector brings
enormous opportunities to the business sector as it makes 24/7 business
possible. It makes the economic activities more dynamic. It is a fast growing
sector; the annual turnover from this sector was Tk 1,000 crore in 2016. More
than 50,000 people are currently employed in e-commerce services in Bangladesh.
eCommerce industries are boosting the country's economic growth.
Who are showing interest
in this sector?
Young and educated men and
women who aspire to have a business-oriented career are quite interested in
eCommerce. Since the young generation is tech-savvy, they are more enthusiastic
about this sector.
Type of eCommerce in
Bangladesh:
Currently, three types of
eCommerce are popular in Bangladesh. They are-
§ Business-to-Business (B-2-B)
§ Business-to-Consumer (B-2-C)
§ Consumer-to-Consumer (C-2-C)
Which products are sold
the most via e-commerce business?
Fashion, gadget, electronic and
fitness products are currently dominating the market, but it is gradually
expanding and other products are being traded online too.
Some Notable eCommerce
Businesses:
Main obstacles:
Compared to other countries,
Bangladesh is a late entrant in eCommerce. Yet, this sector observed tremendous
growth within a short time. eCommerce can be the next major driver of Economic
development but there are some issues that need to be addressed. Otherwise,
this sector would never reach its full potential.
1.
Developing delivery channel to the customers
2. Affordable , un-interrupted
and high speed internet all over the country
3.
Improving the online transaction system
4.
Online fraudulence
5.
Currently, trade licence is not issued specifically for e-commerce businesses,
which makes running such businesses difficult.
6. Piracy
As a whole,
eCommerce has a bright future in Bangladesh. But we need patience and
understanding of the best practices. Bangladesh is very new in this sector, so
this gives us the opportunity to watch and learn from successful companies. To
make eCommerce a viable industry we need to eradicate all the obstracles.
