Impact of E-commerce on the Construction Industry
E-commerce is rapidly growing as the number of internet users is also steadily growing as indicated by previous reports. For the year 2018, Forbes magazine ranked Uganda in the seventh spot of countries with the highest internet penetration in Africa. One of the main factors of this growth is rapid growth in telecommunications users and the widespread use of mobile money payments. As a matter of fact, commercial banks in Uganda have implemented the mobile money services where one can electronically transfer funds to a retailer or an individual.
The construction industry has not been left behind with this new shift as it slowly but steadily catching up with the other sectors that have already established themselves. Building and construction materials ranging from bulky or heavy use like cement and reinforcements to smaller items like nails and paint brushes are all readily available on online stores.
The e-commerce phase is noted to have such a huge impact on the building and construction sector as evidenced below;
Saves time; The period of going to a physical market to do a survey is finally behind us as all this can be done on a computer or phone. With e-commerce, all the options are displayed as all you have to do is swipe right or left, pick a product of your choice and in one click, its ready for delivery to your door step in just a few minutes.
Convenience; E-commerce comes with convenience as it is easy and can be done from just about anywhere. This could at your office desk, in the comfort of your bed or even when you are stuck in traffic as the only thing you need is a good internet connection.
Prices; E-commerce gives a customer the chance to compare prices on the market and choose which one fits their pocket and so everyone is catered for.
Quality; One of key factors for an online store to grow is providing quality materials as this what the customers are looking for. Therefore, the stores go up and beyond to make sure that what they are providing is able to compete and emerge as the best.
The construction sector is fully embracing the new technology to enhance performance so as to serve all the ever-changing needs of their customers.