E-Commerce is a booming sector in Bangladesh since last 5 years. It’s growing fast and already started contributing to the country economy. Government and other related authority has started considering this sector as one of the brightest possibilities. I already wrote an article about e-commerce in Bangladesh. In that article I tried to explain the current progress of e-commerce in Bangladesh. Here I am going to publish another hot topics about e-commerce in Bangladesh. Finally, Amazon is coming to Bangladesh.
Who & What is Amazon?
Amazon is one of the largest e-commerce and retail giant in the world. Besides this Amazon is also the pioneer in cloud computing, other technology service, streaming and artificial intelligence. Also currently they are the top cloud platform service provider in world. According to Wikipedia, Amazon is the largest Internet company by revenue in the world. They have their operation in more than 17 countries in the world.
When Amazon coming to Bangladesh?
In a recent round-table held on September 2018 at The Daily Star Dhaka center, e-Cab vice president Rezwanul Haque Jami disclosed this matter. He told that Amazon has a very large office in Bangladesh already and they finished conversation with Government officials about their operation. He also informed that Amazon will start their operation in Bangladesh from 2020.
While Alibaba has already started their operation after acquiring Daraz, one of the largest e-commerce platform in Bangladesh. Now Amazon is coming to Bangladesh. It was long expected. When Uber started their operation with their ride sharing service in Bangladesh, other ride sharing businesses started their operation. It seems that local businesses become inspired when international companies enter into the market like Uber. So local IT specialists and general tech enthusiasts in Bangladesh are expecting more competition and quality marketplace for e-commerce in Bangladesh.
Why Amazon matters in Bangladesh?
Our neighboring country India already got several giant in their e-commerce industry. Walmart already became largest shareholders of Indian e-commerce giant Flipkart. That deal was closed in May 2018. Uber came to Bangladesh in 2016 and after their starting the ride sharing platform has been growing tremendously in Bangladesh. Walmart already purchase lots of clothing from Bangladeshi garments so they have liaison office in Bangladesh already.
FoodPanda is also changing the food delivery system in Bangladesh as well as UberEats recently launched here in limited area. Now the industry is getting bigger and bigger, people are now getting familiar with online transactions and feeling convenient to buy items from online. Although the industry has several challenges like logistics, online payment gateway. So Bangladeshi e-commerce industry is now matured enough to make some place for world retail giant Amazon. Uber changed ride sharing scenario here, FoodPanda made people familiar with online food delivery and e-commerce industry now needs a leader. Amazon can fill that obviously. This market needs more competition, so consumer can avail more quality service, products and more flexible online shopping experience.