Four Benefits of E-Commerce for Foreign Trade Shoes Enterprises

The extensive application of e-commerce has greatly enhanced the competitive advantages of China's foreign trade enterprises, and to a certain extent, solved the problem of information asymmetry and uncertainty of information. For shoe enterprises engaged mainly in foreign trade, there are mainly four e-commerce businesses. Benefits:
1. Create more trade opportunities. Under the traditional trade pattern, both the buyer and the seller must pay a high price for finding a suitable trading partner. The openness and global characteristics of e-commerce have created more trade opportunities for foreign trade companies, which can not only save a lot of manpower and material resources, but also not limited by time and place. E-commerce has a global market with no geographic boundaries and commodity information is more transparent. On the one hand, optimization of key lines suggests that on the one hand, foreign trade companies can build their own websites or use relevant international trade e-commerce platforms (such as Affordable, Alibaba, etc.) to build a global commercial marketing network and provide relevant information to potential customers around the world. Information on supply and demand for products and services, so as to obtain a global, timeless business space; on the other hand, foreign trade companies can take the initiative to search the Internet for a variety of economic and trade information and find the ideal trading partner.
2. greatly reduce transaction costs. Compared with domestic trade, the number of documents in international trade is numerous and the processing costs are high. In the traditional international trade business, due to the participation of a large number of middlemen, the import price of foreign importers is often 5 to 10 times the delivery price of domestic manufacturers. International trade through e-commerce can save about 90% of the file processing costs, but also can shorten the time to submit a single, copy settlement, remittance, speed up the capital turnover, but also save interest expenses. In addition, through online transactions, it is also possible to reduce a large number of intermediate links, so that buyers and sellers can directly conduct business activities through the Internet. The transaction costs are significantly reduced, and the cost advantage is very significant.
3 greatly improve transaction efficiency. In traditional international trade, all procedures including signing contracts, negotiating, customs declarations, chartering, insurance and payment and settlement must all be manually involved. The transaction efficiency is low, the error rate is high, and the time limit is large. The use of e-commerce to conduct international trade, buyers and sellers can use standardized, electronic format contracts, bills of lading, insurance certificates, invoices and drafts, letters of credit, etc., so that all kinds of relevant documents can be instantly transmitted on the Internet, without time Restrictions greatly save the transfer time of documents. In addition, it can also effectively reduce various errors caused by manual re-entry of data in paper documents, significantly improve the transaction efficiency and business processing flexibility, and bring more convenience to customers.
4. Change traditional management methods. The traditional trade operation pattern is dominated by one-way logistics, and e-commerce has realized a brand-new strategy based on logistics, information flow as the core, and business flow as the main body. The optimization of key lines means that the provision of import and export agent declarations, commodity inspections, warehousing and transportation, etc. on the computer network as the carrier of the entire service system, providing business members with information consulting, bonded display of imported products, warehousing, advertising, etc. Service, this business strategy integrates various traditional trade methods such as agency and exhibition, and introduces the main processes needed for import and export of goods, such as market research, international marketing, warehousing and declaration, and commodity inspection, to provide a full range of computer networks. The multi-level and multi-angle interactive business services not only relieved the restrictions on both sides of the transaction in the material, time and space of traditional trade activities, but also promoted the deepening of international trade.
The effective use of information has become an important means for the foreign trade enterprises to enhance their competitiveness in the new economic model. China's foreign trade enterprises should seize the business opportunities brought about by the development of e-commerce, actively adjust countermeasures, and improve their competitive advantages.

Yarn

Taojin Textile Co., Ltd. , http://www.hzcurtain-accessory.com