Thus, an E-commerce initiative can easily become a global E-commerce initiative. Shopping cart platforms like Shopify have eliminated many barriers of entry. With the growing financial services, the type of payment your business accepts also effects the e-commerce today. Global e-commerce has been a boon for individual consumers and small businesses who may not have previously had access to world markets. E-commerce can provide opportunities to improve business processes, just as phones, faxes and mobile communications have in the past. Social Issues. For e-commerce sites to achieve growth in new markets, they should be published in local languages. Attackers can not only infect your website with viruses, but they can also expose confidential data. With the proliferation of smartphones and tablets e-commerce volumes have exponentially increased year-on-year, but so has shopping abandonments. Such is China’s dominance in e-commerce, it now handles more transactions per year than France, Germany, Japan, the United Kingdom and the United States combined. The major ethical, social, and political issues that have developed around e commerce over the past seven to eight years can be loosely categorized into four major dimensions: information rights, property rights, governance, and public safety and welfare . Public Policy Issues in E commerce. Payment solution like My Payment Savvy provides a custom payment solution for your business which can maximize your conversion. Ecommerce has evolved into Unified Commerce, and as new channels emerge and converge, your retail or B2B operation must continue to evolve along with this paradigm shift. There is a risk that e-commerce, along with its e-contracting and e-money cousins, will soar ahead of the world’s ability to come up with at least a minimum number of global rules for it. Here are a few examples of problems that need to be addressed fast, through some sort of global approach: Taxation. Anyone can launch an online store within days and start selling all sorts of products. However, uncertain consumer demand and supply chain issues can affect the e-commerce industry. This has resulted in a huge loss for e-commerce players. Finding the right products to sell. E-commerce Challenges: Problems and Challenges of eCommerce Industry. Of all the eCommerce business challenges today, technical issues in eCommerce can be one of the most difficult to overcome. E-commerce presents a world of opportunity for doing businesses, reaching global markets and purchasing without leaving the home or office. Indeed, global B2C e-commerce is on track to hit $2.3 trillion by 2018, with much of that robust growth occurring in emerging international markets. v. Here are the top 10 most common challenges faced by eCommerce businesses of all sizes.. 1. 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