Post by account_disabled on Feb 27, 2024 3:36:14 GMT -5
Rising emissions and declining resource capacity have sparked growing interest in a circular economy model among business schemes around the world. In this context, what will the circular future for e-commerce look like?
It is no secret that e-commerce - that is, the distribution, sale, purchase, marketing and provision of information about products or services over the internet - experienced tremendous growth as a result of COVID-19. UNCTAD data shows that its global sales in 2019, including transactions between businesses and consumers, reached $26.7 trillion .
A fast-paced business
According to Shamika N. Sirimanne, director of the Chinese American Phone Number List Technology and Logistics Division of the United Nations Conference on Trade and Development (UNCTAD), the above statistics show the growing importance of online activities.
In addition, they point out the need for countries, especially those in development, to have this information as they rebuild their economies after the pandemic.
Likewise, as reported by the Sustainable Brands portal , unlike other types of businesses, where with each new innovation it is possible for the previous one to become obsolete, the circular future of electronic commerce contemplates that each stage within its cycle is sustainable.
circular future for e-commerce
Let us remember that the circular economy considers sustainable design from the beginning, in every step of product development and use to provide material goods. This creates a different system in the industry and e-commerce is no exception.
Many companies are considering how this approach, supported by digital technology, can reduce their footprint and help consumers do the same.
The challenges of the circular future for e-commerce
However, good intentions are not enough, there are challenges associated with realizing circular models. Rethinking and revising product development to make them sustainable from the start is a feat in itself. Changing overall business operations to lay a more environmentally friendly foundation is also a notable task.
A circular economy expects a lot from end users, who must unlearn entrenched consumer habits and opt to use products in new, more sustainable ways .
Fortunately, these are challenges that technology can help organizations with. Online shopping inherently provides environmental benefits – paperless transactions, faster deliveries, lower carbon emissions and more – but employing innovative improvements would complement a more “green” cycle.
How to achieve a circular model in electronic commerce?
Data enables e-commerce companies to gain valuable insights to maximize their operational efficiency and better understand consumer behaviors and design sustainable products that recycle and reuse, for example rethinking packaging and delivery methods to reduce waste. and emissions.
circular future for e-commerce
To make the most of data and analytics, for the benefit of themselves, customers and the planet, organizations must identify effective solutions and actually employ them.
It is no secret that e-commerce - that is, the distribution, sale, purchase, marketing and provision of information about products or services over the internet - experienced tremendous growth as a result of COVID-19. UNCTAD data shows that its global sales in 2019, including transactions between businesses and consumers, reached $26.7 trillion .
A fast-paced business
According to Shamika N. Sirimanne, director of the Chinese American Phone Number List Technology and Logistics Division of the United Nations Conference on Trade and Development (UNCTAD), the above statistics show the growing importance of online activities.
In addition, they point out the need for countries, especially those in development, to have this information as they rebuild their economies after the pandemic.
Likewise, as reported by the Sustainable Brands portal , unlike other types of businesses, where with each new innovation it is possible for the previous one to become obsolete, the circular future of electronic commerce contemplates that each stage within its cycle is sustainable.
circular future for e-commerce
Let us remember that the circular economy considers sustainable design from the beginning, in every step of product development and use to provide material goods. This creates a different system in the industry and e-commerce is no exception.
Many companies are considering how this approach, supported by digital technology, can reduce their footprint and help consumers do the same.
The challenges of the circular future for e-commerce
However, good intentions are not enough, there are challenges associated with realizing circular models. Rethinking and revising product development to make them sustainable from the start is a feat in itself. Changing overall business operations to lay a more environmentally friendly foundation is also a notable task.
A circular economy expects a lot from end users, who must unlearn entrenched consumer habits and opt to use products in new, more sustainable ways .
Fortunately, these are challenges that technology can help organizations with. Online shopping inherently provides environmental benefits – paperless transactions, faster deliveries, lower carbon emissions and more – but employing innovative improvements would complement a more “green” cycle.
How to achieve a circular model in electronic commerce?
Data enables e-commerce companies to gain valuable insights to maximize their operational efficiency and better understand consumer behaviors and design sustainable products that recycle and reuse, for example rethinking packaging and delivery methods to reduce waste. and emissions.
circular future for e-commerce
To make the most of data and analytics, for the benefit of themselves, customers and the planet, organizations must identify effective solutions and actually employ them.