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THEULTIMATEB2BE-COMMERCEGUIDE
TRADITIONISOUT.DIGITALISIN.
ADHLEXPRESSWHITEPAPER
2B2B’sE-commerceRevolution
CONTENTS
TheB2Brevolutionishere.
Areyouready?
03
WhatisB2Be-commerce?
04
ThechangingB2Bcustomer
06
MeetyournewB2Bcustomers:
Themillennials
07
B2Bcustomerfeatures
08
Howthepandemicmade2020
theyearofe-commerce
14
Spinningthee-commerceflywheel
15
Majorchallenges
16
Nextsteps:Identifywhere
youareinyourjourney
18
3B2B’sE-commerceRevolution
THEB2BREVOLUTIONISHERE.AREYOUREADY?
TheB2Bworldisundergoingaperiodofintensetransformation.TraditionalmethodsofB2Boperations–fromsalestocustomerinteractions;fromfulfilmenttoorderdelivery–arechangingrapidly.AndwhiletheB2Bworldwasalreadymovingonline,COVID-19acceleratedtheprocess,meaningB2Btransactionsarebecomingmoredata-drivenandlessdependentontraditionalone-to-onesalesactivity.
2020broughtwithitgreatchallenges,whichexposedtheneedforB2Bsupplychainstobemoreflexible.New,digitally-focusedwaysofdoingthingswerebroughtin,andnowtheirbenefitshavebeenfelt,won’tbegoingback.Inaddition,changingdemographicshabitsmeanthatmillennialB2Bdecision-makersarefurtherdrivingthedigitalizationofthesectorastheyseekcustomerexperiencesmorealignedwiththeirB2C(business-to-consumer)experiences.
It’saparadigmshiftfortheindustry,andB2Bbusinesseswhowanttomakethemostofcross-borderopportunitieswillneedtoadapttothesechangingbuyingbehaviors–and
fast.We’llshowyouhow.
“THISCRISIS[COVID-19]
ISWIDENINGTHEDIGITALDIVIDEAMONGTHOSEWHOMADEEARLIERINVESTMENTSINE-COMMERCEANDTHOSETHATDIDN’T.SOMEOFTHOSETHATDIDN’T,WON’TSURVIVE.”
BrianBeck,ManagingPartnerofEnceiba1
1-BrianBeck,TechBullion,December2020,/b2b-ecommerce-best-practices-for-2021/
4 B2B’sE-commerceRevolution
WHATISB2B
E-COMMERCE?
B2Be-commerce,orbusiness-to-business
electroniccommerce,describesorder
transactionsbetweenbusinessesviaanonline
salesportal.Ingeneral,B2Be-commerce
isusedtoadvancetheperformanceofa
company’ssalesefforts;becauseorders
areprocesseddigitally,buyingefficiencyis
improvedforwholesalers,manufacturers,
distributors,andothertypesofB2Bsellers.
Emerginge-commercetechnologiesarereducingthe
barriertoentryfortraditionallyB2Bcompaniesto
removethemiddlemanandselldirect-to-consumer
(B2B2C).
InthisWhitePaperwewillfocusonthepureB2B
elementofe-commerce–thatis,abusinesssellingto
anotherbusiness,withthetransactionhappeningina
‘seller-free’experienceandwithouttheneedforany
traditionalsalesmodel.
ASNAPSHOT
OFGROWTH
OPPORTUNITIES
In2019,globalsaleson
B2Be-commercesitesand
marketplacesjumped18.2%toreach
US$12.2trillion,outpacingtheB2C
sector,andisprojectedtoreachUS
$20.9trillionby2027.
ForresterpredictstheUSB2B
e-commercemarketalonewillreach
US$1.8trillionandaccountfor17%
ofallB2Bsalesinthecountryby
2023.Andthiswaspre-COVID-19…
2a-Statista,“In-depth:B2Be-Commerce2019”,August2019,/study/44442/statista-report-b2b-e-commerce/
2b-Forrester,“USB2Be-commercewillhit$1.8trillionby2023,”January2019,/report/US+B2B+eCommerce+Will+Hit+18+Trillion+By+2023/-/E-RES136173
5B2B’sE-commerceRevolution
WhilstthedigitalizationoftheB2BsectorisincreasinglyaligningB2Bbuyers’expectationswiththeirB2Cexperiences,thereremainsomekeydifferencesbetweenB2BandB2Ccommercialtransactions:
1.InB2B,thesaletakesplacebetweentwobusinessentities,whileinB2C,goodsandservicesaresoldtoacustomerfortheirpersonaluse.
2.InB2B,decisionandapprovalprocessescanbecomplexandlengthy,involvingtheinputofmultipledepartments,whileinB2C,thedecisionismadebyasinglecustomer.
3.InB2B,thesizeandvalueoftransactionsaretraditionallylargewithlowerfrequency,whileinB2C,theyaresmallerandoftenone-off(althoughrepeatpurchasesdofeature.)
4.InB2B,thetermsandpricingarecustomerororderspecific,reflectingindividualcustomerrelationships,whileinB2C,pricesarelikelytobefixed.
5.TherelationshiphorizoninB2Bislongterm,whileinB2C,ittendstobeshortterm.
6.InB2B,paymentisintheformofcreditsales,whileinB2C,itusuallyinvolvesdirectsalesusingalocalizedpaymentoptionwithoutanycreditbeingaccumulated.
7.InB2B,productassortmentandcatalogsarecustomizedwithuniquesegmentationtomeeteachbusinesscustomer’srequirements,whileinB2C,it’sgenerallythesameforall.
Fundamentallythough,B2BandB2Careaboutthesamething–sellinggoodstopeople,andtheexpectationsofthesetwocustomergroupsareincreasinglyoverlapping.ButturningyourB2BwebsiteintoanAmazon-likeexperiencetomakepurchasingsimplerisonlyhalfthestory…
6 B2B’sE-commerceRevolution
THECHANGINGB2BCUSTOMER
ThinkyouknowyourtypicalB2Bcustomer?Well,
itcouldbetimetorethink.Newtechnologies
maybeaidingthedigitalizationoftheB2Bsector,
butthishasalsobeendrivenbytheevolving
demographicofthe“average”B2Bbuyer.
AswithB2C,it’simportanttorememberthatthere
isarealpersonattheendofeveryB2Btransaction.
Theirpurchasingdecisionsareinfluencedbymany
ofthesamefactorsthatdriveB2Ccustomers,which
meanstheyalsoexpectthesamecustomerexperience
throughouttheirbuyingjourney.
ResearchbyGartnerfoundthat44%of
millennialsprefernosalesrepinteractionatall
inaB2Bpurchasesetting,andprojectsthatby
2025,80%ofB2Bsalesinteractionsbetween
suppliersandbuyerswilloccurindigital
channels.3
3a-Gartner,“FutureofSales2025:DelivertheDigitalOptionsB2BBuyersDemand,”December2020,https://gtnr.it/3sbRRu4
3b-Gartner,“FutureofSales2025:WhyB2BSalesNeedsaDigital-FirstApproach,”September2020,/smarterwithgartner/future-of-sales-2025-why-b2b-sales-needs-a-digital-first-approach/
7 B2B’sE-commerceRevolution
MEETYOURNEWB2BCUSTOMERS:THEMILLENNIALS
Millennials,alsoknownasGenerationY,nowaccountfor73%ofallB2Bpurchasingdecisions4.Growingupwiththeinternetandmobilephones,theyaredigitallynativeandmoretechnologyorientedthantheirpredecessors.B2CcustomerexperiencesintheirpersonallivesheavilyinfluencewhattheyexpectfromB2Btransactions.ThinkaboutwhatfeaturesyouvaluewhenplacingaB2Corder–speed,convenience,flexibledeliveryoptions…thesearewhatyourB2Bcustomersarelookingforwhenconsideringdoingbusinesswithyou.
Millennialbuyersaremorelikelytoavoidengagingwithsalespeopleearlyintheprocess,insteadpreferringtocarryouttheirownextensiveonlineresearchbeforemakingpurchasingdecisions–mimickingthebehaviorthatissonaturaltothemintheirpersonalshoppinghabits.
Onlineisfastreplacingsalesteamsastheplaceto
educate,engageandbuildbrandtrustwithnew
customersbeforeapurchasingdecisionismade–
orevenconsidered.Therefore,itisvitalyourB2B
companyinvestsinadigitalpresencethatfeels
familiartothesenewB2Bbuyers.
B2Bcustomerswereasked:whatisyourtopcriterionwhenchoosinganewsupplier?
Nothavingtowaitforasalesreptogetincontact:52%
Onlineordertracking:39%
Theabilitytoplaceordersviaanonlinesalesportal:38%Source:Sana4
4-Sana,“HowtoMeetBuyers’Demandfor(Better)B2BE-Commerce,”February2019,/int_wp_b2b-buying-process-2019-report.html
8 B2B’sE-commerceRevolution
B2BCUSTOMERFEATURES
NowyouknowthatB2Bcustomersaremigratingtowardsonlinechannelstomaketheirpurchasingdecisions,howcanyourbusinessmakeanimpactthere?
Muchmorethanjustanothertouchpoint,awell-implementede-commerceplatformwillopennewopportunitiesandhelpyourbusinessreachandengagenewcustomerseasilyandeffectively.
ThemajorfeaturesinfluencingthecustomerjourneyonB2Be-commerceplatformscanbegroupedintofivecategories,outlinedbelow.Toshedlightonthesecategories,DHL’sresearchteamconductedextensiveresearch,supportedbyprimary,qualitativedatagatheredfromin-depthinterviews.
Considerthesefivecategoriesasyourguidetoimplementingadigitalchannelthatwilldrivevalueforyourcustomersandincreaseyourprofitabilitythroughhighermarketshareandoperationalefficiency.
9 B2B’sE-commerceRevolution
1.DIGITALINFRASTRUCTURE
Akeyfeaturehighlightedbyintervieweeswastheneedtoheavilyinvestindigitalinfrastructure.Theydriverealvaluefortheirbusinessesandcustomersbyincorporatingtechnologiessuchasartificialintelligence,machinelearning,big
dataanalyticsandbusinessintelligence
insights.Thesetechnologiesallowthestreamliningofinternalandexternalbusinessprocessestoimprovetheaccuracyofdemandplanningandforecasting.
LeadingB2Bprovidersintegratecloud-
basede-commerceplatformswiththeir
EnterpriseResourcePlanning(ERP)
andoperationalsystems.Thisfacilitates
betterreal-timevisibilityandalignment
acrossthesupplychain,makingiteasierfor
themtoexploitnewbusinessopportunities
andcapturedifficulttoreach,low-volume
customersacrosstheworld.
TOPTIPSFORYOUR
E-COMMERCEPLATFORM
Youcanenhancethecustomerexperience
acrossyourend-to-endbusinessprocessesby
incorporatingfunctionalityandtechnologies.
Digitalizationofyourfullproductcatalog,for
example,andtheinclusionofasimple-to-useand
powerfulsearchenginetofindthoseproducts
arefundamentalfeatures.Additionalfeatures
suchasmobile/tabletresponsiveness,strong
dataprotection,secureonlinepaymentsand
chatfunctionalityhavealsobecomestandard
expectationsformostusersofe-commerce
platforms,whetherB2CorB2B.
10B2B’sE-commerceRevolution
2.CUSTOMEREXPERIENCE
Theresearchpointedtoasimplebuteffectiveon-sitesearchengineasessentialtoenablecustomerstofindandviewtheproductsonoffer.ThemoresophisticatedB2Bplayersintegrateamorecomprehensivesuiteoftoolstohelptheircustomersnavigatetheirsitesandfinddetailedinformationabouttheproducts,includingmegamenus,videoproductdemonstrations,websitetutorialsandcompetitorcomparisons.Somee-commerceplatformsincorporateliveonlinesupporttoassistwithanyqueriesorissues,whichimprovesconversionlevelsandfacilitatesbuyingdecisions.ResearchbyGartnerfoundthatmorefocusoninformationsystems(IS)andonlinesupportresultsinincreasedcustomersatisfaction6.
TOPTIPSFORYOUR
E-COMMERCE
PLATFORM
2020wastheyearcustomerexperience
surpassedpriceasthekeydifferentiator
forB2Bbuyers.Now,64%ofbuyers
placemoreimportanceonexperience
thanprice,and86%ofbuyersarewilling
topaymoreforabetterexperience7.
Whetherit’sacompletedigital
transformationorjustarefreshofyour
website,makethecustomerthecenterof
yourfocusfor2021.Everynewfeature
andeverynewprojectshouldstartwith
thequestion,“howdoesthisimprovethe
customerexperience?”
6-Gartner,“RapidAssessmentCustomerSatisfaction”,accessedonFebruary02,2021,/pages/docs/bvit/images/CustomerSatisfaction.pdf
7-TheXMInstitute,“ROIofCustomerExperience,”August2018,/xm-institute/roi-of-customer-experience-2018/
11B2B’sE-commerceRevolution
3.PERSONALIZATION
CustomerswantpersonalizedsolutionsandB2Be-commercecompaniesareofferingthoseviacustomerportalswithcontentorganizedaroundanumberofparameters:pastpurchasehistory,priceoptimizationalgorithmsthatmeet
customizedproductpricerequirements,andconfigure-
price-quote(CPQ)softwaretomakeonlinequotesand
pricesthatareadjustedonthebasisoftherelationship.
ExamplesofpriceoptimizationandCPQsoftwareinclude
Vendavo8,Navetti9,BlueYonder10andOracle11.
TheresearchfoundthatmostadvancedB2Bcompaniesareusing
thelatesttechnologiestocombineknowledgefrombothhuman
andmachineinordertoidentifypatternsofhumanbehavior.
Thismovesthemintothe‘cognitivecommerce’space,where
theplatformcanpredictandanticipatefuturebehaviors
ofcustomersandusethoselearningstopersonalize
theexperienceforspecificcustomers.IBMWatson12
andCognitiveScale13providecognitivecommerce
platformswithwiderapplicationsacrosssectors.
CustomerRelationshipManagement(CRM)
systemsareusedtodeliverdynamicpricingand
supportcustomersbyofferingcommercialcredit.
Inmanyinstances,buyersarepermittedto
customizethefinalconfigurationofpurchased
products,suchasthepackaging,handling,and
loadingofproducts.
TOPTIPSFORYOUR
E-COMMERCEPLATFORM
21stcenturycustomersarelookingtosource
globally,soyoure-commerceplatformshould
beabletohandlepaymentinanycurrency.
Improvecustomersatisfactionbyprovidingclarity
aroundtheassociatedcostsforacross-border
transaction,suchasdutiesandtaxes.
8
-/
11
-/index.html
9
-/vendavo-acquires-navetti-intelligent-pricing-made-simple/
12
-/uk-en/watson
10-/
13
-/
12B2B’sE-commerceRevolution
4.OMNI-CHANNEL
TheresearchfoundthatintegrationwasmostsuccessfullycarriedoutthroughB2Bomni-channelcommerce;amulti-channelsalesapproachcombiningtraditionalonline,bricksandmortarstores,tabletand/orsmartphoneoptions.ThisseamlessintegrationincreasescustomerengagementandhelpsB2Bcompaniesto
amplifytheirbusinessgoalsandtargetsbyreachingbusinesscustomersglobally.
WebroomingisanotherinterestingcustomerbehaviorthatB2Bcustomersarepracticing(it’sotherwiseknownasROBO–ResearchOnline,BuyOffline).Asindividualconsumers,we’reusedtocruisingtheinternetforinformationbeforegoinginstoretomakeapurchase.Now,thisbehaviorisbecomingmoreandmorepopularwithintheB2Benvironment:researchingonline,decidingonapurchase,andthenreachingouttoasalesreptoplacetheorder.Thedifferenttouchpointswiththecustomerneedtobemanagedsothattheoverall
customerexperience,rightthrough
tothefinalpurchase,isseamless,
irrespectiveofthechannelused.
TOPTIPSFORYOURE-COMMERCEPLATFORM
ThecustomerexperienceisnotoverafteraB2Bbuyerclicksthe‘BuyNow’button.Toensureatrulyseamlessend-to-endprocess,don’tneglectthedeliveryoptionsyouofferyourcustomers.BasedontheexperienceoftheB2Csector,thereisclearrecognitionthatthecustomerexperiencecanbedamagedbypoormanagementofthelastmiledeliveryprocess,soinvesttoensurethatyourfinaltouchpointwiththecustomerisapositiveone.
13B2B’sE-commerceRevolution
SYNCHRONIZATIONOFLOGISTICS
Perhapsunsurprisingly,manyintervieweesidentifiedthecriticalroleoflogisticsinB2Bcross-bordere-commerce.Thisisnotjustaboutlast-miledelivery,butalsotheoverallfulfillmentstrategy.
Toincreasetheircompetitivenessandaddressdifferentcustomerrequirements,B2Be-commercebusinessesareemulatingthestrategyofonlineretailplatformsbyprovidingmultipletransportanddeliveryoptionstomeetdifferentcost,transittimeand/orservicerequirements.Thankstointegrationwiththesystems
oftransportproviders,theircustomerscanselecttheirpreferredsolutionwithfullvisibilityofthecostsinvolved.
Synchronizationoflogisticsoperationsinacross-bordercontextiscrucialandcanbeachievedthroughtheintegrationoftherighttechnologiesanddataapplicationswiththelogisticsserviceprovider.Intoday’scompetitiveworld,theseintegrationsenableB2Bbusinessestooffercross-bordersolutionswiththeflexibilitytomeetadhocorlatentrequests.
TOPTIPSFORYOUR
E-COMMERCEPLATFORM
ThinkaboutwhatyouexpectfromaB2Ce-commerce
service–thisshouldinfluencethebuildofyourB2B
platform.Speed,reliability,traceability,convenience
andaneffectivereturnsandexchangepolicyshouldbe
toppriorities.
14 B2B’sE-commerceRevolution
HOWTHEPANDEMICMADE2020THEYEAROFE-COMMERCE
Ofcourse,it’snotjustmillennialspushingB2Btowardsadigitalrevolution–thearrivalofCOVID-19inearly2020hadanunprecedentedimpactonthesectortoo.
Withthepandemicravagingtheglobe,yourbusinessmayhavejoinedcountlessothermanufacturers,distributorsandwholesalerswhichhavereliedonB2Be-commercetokeepoperationsgoingandswitchedin-personsalesmeetingstoonlinechannelslikeSkype14.
Ifyourbusinessisnowplanningonkeepingthesenewdigitalmethodslongterm,it’snotalone:only20%ofB2Bbuyerssaytheywanttraditionalin-personsalestoreturn,eveninsectorswherefield-salesmodelshavetraditionallydominated,suchasthepharmaandmedicalsectors15.
Inaddition,buyersarebecomingmoreconfidentatmakinglargervaluepurchasesonline:70%ofB2Bdecisionmakerssaidtheyareopentomakingfullyself-serveorremotepurchasesinexcessofUS$50,000,whilst27%wouldspendmorethanUS$500,00016inasingleonlineorder.
COMPANIESEXPECTTHECHANGESTOSTICK17
Likelihoodofsustainingnewgo-to-marketfor12+months%ofrespondents
April2020
August2020
Verylikely
89%
32
46
Up11.25%
Somewhatlikely
48
43
sinceApril
Unlikely
17
8
Nogo-to-market
4
3
changes
Itisnolongeraquestionofifyoushouldmoveyourbusinessonlinebutwhenandhowfast.ManyB2Bcompaniesthatdonotyethaveane-commercesolutionarenowstartingtheprocessoflookingforsolutionproviders.Areyou?
14-Skype
15,16,17-McKinsey&Company,“TheseeightchartsshowhowCOVID-19haschangedB2Bsalesforever,”October2020,/business-functions/marketing-and-sales/our-insights/these-eight-charts-show-how-covid-19-has-changed-b2b-sales-forever
15B2B’sE-commerceRevolution
SPINNINGTHEE-COMMERCEFLYWHEEL
TheFlywheelEffectisaconceptwhichsaysthat“goodtogreat”transformationsdon’thappeninstantly;instead,aswithflywheels,theyrequireturnuponturn,buildingmomentumuntilapointofbreakthroughandbeyond.
Tosupportyouonyourjourneytowardshavinganoptimale-commercesaleschannelforyourB2Bcompany,wehaveanalyzedthefourphaseswhichplayavitalroleingettingyourown“flywheel”spinning:
1
2
3
Starttospintheflywheelbymigratingyourcustomersfromofflinetoonlinechannels.Ifyourteamisimplementinganewe-commercechannel,besuretocommunicateearlyandoftenwithyourcustomers.Ensureyouronlineplatformisuserfriendlywithhow-toguidesandFAQs.ThinkoftheeaseatwhichyoucannavigateB2Cwebsites-thisisthenewbaseline.
Keeptheflywheelspinning.Customerexperienceisnowkey–rolloutprogramsthatspurloyalty,higherordervalues,andincreasedpurchasingfrequency.Byallowingbothsubscription-basedandtraditionalone-offpurchases,youcanlockinbuyersandyieldhighercustomerlifetimevalues.Thiswillalsoproducedatawhichcanhelpyoursalesteamsbetterunderstandyourcustomers’buyingbehavior.IntegratepartnersoftwarelikeRebilla10tomanagesavedcreditcardinformationforindividualcustomers,ortechnologieslikePayWhirl11forrecurringbilling.
Makeyoure-commerceflywheelavitalpartofyourbusinessmodel.Alignbusinessprocessesandteamstoscale.Reviewyourcurrentorganizationalstructureandre-alignrolesandresources,hiringfromoutsideyourorganizationifnecessary.Oncethatstructureisinplace,haveacharteroverbudgetingandmanagementdecisionsthatimpactthedigitalteam.AtoollikeBundleB2B12canbettermobilizeyoursalesteamtoaccessbuyershoppinglists,addproductstocart,andcompleteorderplacement.
4
Haveyoure-commerceflywheelconnectwithothers.
Internalchannelconflictisacommonpainpointfor
B2Borganizations,soworktoensureyoure-commerce
platformcomplementsallyourothersaleschannels.Your
digitalteam,alongsidesalesleadership,shouldchampion
thebenefitsoftechnology-basedcustomerself-service
andhowitcanactuallyhelpsalesmembersretireand
exceedquotas.Onlyifandwhenacustomerbecomes
complexshouldanactualsalesrepresentativetakeover
theaccount;anapproachthatallowstheteamtofocus
moreonsellingandlessonordertaking.
10-/11-/12-/
16 B2B’sE-commerceRevolution
MAJORCHALLENGES
Despitethebenefitsofintroducingane-commerceplatformtoyourbusiness,it’simportanttoconsidersomeoftherisksandchallengesthatsectorsoperatinginthenewB2Be-commerceenvironmentwillface.Some,suchasthefashionsector,willadaptquickly,whilstothers,likethepharmaceuticalsector,willrequirealonger-termdevelopmentplan.
ThekeybarriersandchallengestoB2Be-commercegrowthwereidentifiedbysupplychainexpertsduringDHL’sresearch(seeAppendixfortheinterviewees):
Employeeswillberequiredtoupskillinordertoaccommodatethechangingbusinessandsupplychainlandscape.A‘digitalfirst’mindsetandbeingopentoinnovationisrequiredtodrivesuccess.
Exchangerates,customsrequirements,dutiesandtaxes,andlessdevelopedinfrastructurescanbechallengingtodealwith–taketimetounderstandtheimplicationsofcross-bordershippingtoyourprimarymarkets.Transportnetworksneedtobeagiletoaccommodatethenewlogisticsdemands.
Largecompanieswithwell-establishedB2Bplatformswillfinditchallengingtocompetewithagile,start-upcompanies.Theyriskbeingleftbehindiftheydon’treactquicklytocompetitionfromthesechallengers–whilenotputtingprofitabilityatrisk.
Pricingwillpresentfurtheruniquechallenges.B2Bbuyersareusedtonegotiatingdiscountsforbulkorrepeatpurchaseswithsalesreps.Ifpricingistobemovedonline,B2Bbusinesseswillneedtoconsideralternatewaystoincentivizebuyers–aneasilyimplementable‘buymore,payless’pricingstrategy,forexample,orbulkdiscounts.
Aswithanynewventure,thekeytomitigatingrisksistobeawareofthem,andplanaccordingly.Youre-commercestrategyshouldturnriskanalysisintoactions–suchasadoptingalternativeapproachesforachievingthesameobjective,orleveragingtheexpertiseofthird-partypartnerssuchasDHL.
17 B2B’sE-commerceRevolution
NEXTSTEPS
WhilstthebenefitsofB2Be-commerceareclear,youmaybethinking“wheredoIstart?”AsexploredinthisWhitePaper,successfulinvestmentintocross-borderB2Be-commercerequiresthestreamliningofculture,processes,andtechnology.Yourstrategywillneedthebackingofseniormanagement,collaborationacrossbusinessunits,andtherightmindsetacrosstheorganization.
Buttherearealsosomepracticalrecommendationswhichshouldbeafundamentalpartofyoure-commercejourney:
CustomerExperienceandCustomerService–theyarethecenterpointofanyB2Cbusiness,andB2Bshouldbenodifferent.Yourdigitaltransformationshouldincludesimple,flexible,andconvenientbusinessprocessesforimprovingcustomerexperience.Bycombiningthebestofhumanandmachines,yourbusinesscandeliverpersonalizedservicesviaonlinecustomersupport,andutilizemachinelearningtechniquestobetteranticipatecustomerneeds.
PartneringwithaninternationalexpresslogisticscompanylikeDHLwillgiveyourbusinessdirectandrapiddoor-to-dooraccesstooverseasmarkets,evenforsmallerbatchvolumes,providingbetterconversionratesoflatentdemandandtheopportunitytodifferentiatewithapremiumserviceoffering.Suchapartneralsoprovidesseveraladditionalindirectbenefits,including:
Brandnamerecognition,providingcredibilityandtrustfortransactionsbetweencompaniesinvolvedinthesupplychain.
TheminimizingofpossiblefinancialrisksbyenablingeasyDutyandTaxpaymentoptionsandtrackingandtracingofproducts.
Aglobalnetworkoflocalpartnersandcertifiedinternationalspecialistswiththeexpertiseandlocalknowledgetosupportcompaniesintargetingoverseascustomersandnavigatingacrossborders.
18 B2B’sE-commerceRevolution
IDENTIFYWHEREYOUAREINYOURJOURNEY
Theaspectsmentionedinthepreviouschapter will
guide‘Novice’levelB2Bcompaniesastheystart
theire-commercecustomerjourney.
SomeofthekeyfeaturesthatalmostallB2Bcustomersexpectevenfroma‘Novice’levelB2Bcompanyare:
Personalizedcontent.
Transparentpricing.
Interactiveanddetailedproductcontent.
Convenientbuyingprocessessuchase-commerceautomation.
Ifyouhaveanestablishede-commercebusiness,orarejuststartingonyourjourney,thesestepswillhelpyoutransformyourbusinessforthenextindustrialrevolution:thedynamicallygrowing,cross-borderB2Be-commercesector.
‘Intermediate’levelB2Bcompaniesshouldtypicallyhaveallthefeaturesof‘Novice’levelcompaniesbutshouldalsoadopt:
SearchEngineOptimization(SEO)toincreasemarketpresence.
EffectiveonlineengagementprogrammesandawellthoughtthroughDigitalMarketingstrategy.B2Bcompaniesshouldbewheretheircustomersare:
Online.
Customer-basedpersonalizationsuchase-portals,customerspecificpricingandproductcustomization.
Seamlessmulti-channelintegrationwithERPsystemsforreal-timestockavailabilitychecks,multiplepaymentoptions,andflexiblecheckoutwithshipping/logisticsoptions.
Finally,‘Innovator’levelB2Bcompanieshaveallthefeaturesof‘Intermediate’levelcompanies.Inaddition,they:
Emphasizespecificfeaturestoachievedifferentiationsuchascontentmarketing,highqualityproductimagesanddescriptions,layoutofpagesandgroupingofcontent,andproductvideosandreviewswithsocialmediaintegration.
Focusonfrontandbackofficeintegrationwiththee-commerceplatform.
Investindeliverymanagementwithmultipleoptionsforlogisticsandshippingincludingordertracki
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