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Key Note Presentation on E-Commerce

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Key Note Presentation on E-Commerce

  1. 1. Bijon Islam, CEO Presented by Unleashing Digital Commerce in Bangladesh
  2. 2. Table of Content 2 Overview of the Sector | Digital Commerce in Numbers Challenges | Bottlenecks Limiting Digital E-commerce Growth Opportuniti es | COVID-19 – Accelerator for Digitalization | Surging Digital Ecosystem | Hyperlocal E-commerce for SME Digitalization | Assisted E-commerce to Promote Digital Buying Behavior
  3. 3. Overview of the Sector 3
  4. 4. Digital Commerce in Numbers $3bn Estimated Market Size in 2023 1.25 lakh Employment in the sector 1% Bangladeshi’s do online shopping 2000 E-commerce websites 50,000 Facebook based companies 103rd In B2C e-commerce index Source: E-cab and Global E-commerce Index and Statista.com
  5. 5. Challenges 5
  6. 6. Bottlenecks that are limiting the growth of digital commerce in Bangladesh 6 Slow Online Adoption in Consumer Lack of Credibility Predominant COD Transactions Unstructured Supply Chain Underdevelop ed reverse logistics Supply Side Inadequate Infrastructure Lack of Integration Demand Side City Center Based
  7. 7. Onset of COVID-19 led many e-commerce businesses to cease operation 7 Tk666cr Loss incurred directly in the e-commerce sector fCommerce eCommerce Ride-Sharing Top 3 sectors hit badly due to the pandemic/ lockdown 82% eCommerce Businesses have been heavily impacted 75% Current Cash on Delivery compared to previous range of 85% to 90% Source: ECAB, The Daily Star Bangladesh Startup COVID-19 Response Group & LightCastle Analysis
  8. 8. Opportunities 8
  9. 9. The pandemic also accelerated digitalization 9 300% Growth in delivery of grocery, medicine and essentials. 10 to 25% Increased Average basket size CIP: for grocery orders Source: Ecab, The Daily Star Bangladesh Startup COVID-19 Response Group & LightCastle Analysis 70 Lakh+ New MFS Account $151 Mn + Worth of transactions every day by 5.3 Mn people till the end of June 2020 Grocery Logistics Fintech
  10. 10. Surging digital ecosystem paves the road for innovative models Source: E-cab and Global E-commerce Index, Statista.com, BTRC, Hootsuite 5th largest mobile market in Asia Pacific Median age of population is 27.6 years Number of active social media users 30 million Number of mobile internet users 85 million Total number of internet subscribers 103 million Number of mobile Subscribers 165 million 55% 34% 33% 32% 22% 16% Bangladesh India Myanmar SriLanka Pakistan Afganistan Internet Penetration Rate (2019)
  11. 11. Hyperlocal delivery model to digitalize SMEs and mom and pop shops all over the country – Solving Last Mile Fulfillment 11 To digitalize SMEs and small shops all over the country Goal Digital market linkages through last mile fulfilment Outcomes Better access to finance - Improved inventory management Digital credit score for SMEs Reducing inventory cost and lead time while also expanding customer base Leveraging partnerships with local shops (Example – Amazon and Kirana Stores in India) How it works Objective Order fulfilment done by local stores Last Mile Market Linkage Customer places order online E-com platform, SMEs digital aggregator
  12. 12. Assisted e-commerce in promoting faster adoption to online shopping 12 Assisted E- commerce Model Customer willing to purchase a product online but need assistance Nearest physical store the e- commerce company has tied up with Customer gets to experience the product they are willing to buy Shopkeeper assist the customer to place online order Customer can take delivery from the physical store or get it delivered to her home
  13. 13. Thank You Address: Level 5, House 10/12, Road 1B, Niketan, Gulshan 1, Dhaka 1212, Bangladesh Phone: +880 1712 194 944 | +880 1711 385 988 | +880 1747 353 438 Email: info@lightcastlebd.com Website: http://www.lightcastlebd.com | http://www.lightcastledata.com Blog: http://www.lightcastlebd.com/blog Reports: https://databd.co/reports

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