Posts Tagged ‘Drawbacks’

Drawbacks of Online Market

We took at look at the advantages of using online market for activities of business and commerce including global sourcing and multinational purchasing. But it is not a bed of roses everywhere and there exist several drawbacks of online market as well in global sourcing, multinational purchasing and similar activities. In this article we will take a brief look at these drawbacks of the online market which could be detrimental to activities like global sourcing and multinational purchasing.

One of the biggest drawbacks on online market for selling goods or services, global sourcing or multinational purchasing is that there is a cold region of cyberspace separating both parties. The word cold wall here refers to the fact that it is opposite in nature to the warmth and charm which a traditional trade communication can carry because of personal touch which is absent in activities of sale/purchase, global sourcing or multinational purchasing carried out using online market. It again depends on the nature of the product or service to be delivered and the nature of the individuals concerned with the deal and there can be not hard and fast rule regarding the same. Some people might prefer anonymous dealings due to some reason and online market can be best for such purposes whether it is global sourcing, multinational marketing etc. of course provided that the dealings are within the legal framework of the concerned regions.

This leads us to the second disadvantages of using online market for activities like global sourcing, multinational purchasing involved transactions between two or more countries. This means that different rules and regulations might exist in these regions regarding sale/purchase, global sourcing, multinational purchasing and other forms of online market transactions. It is quite likely that some activity which is legal in one country might be prohibited or banned in another. Using online market for carrying out such a transaction which could be import/export, global sourcing, multinational purchasing and so forth, might result in breaking certain regulations of one or both of these regions. Of course the users may not break these rules deliberately; nevertheless the penalty would be the same even if the law is broken unknowingly. Therefore care should be taken whenever online market is used for carrying out business processes or activities including those such as global sourcing, multinational purchasing, import/export or other B2B related transactions. Only then can online market become a safe haven for transactions related to global sourcing and multinational purchasing for all the concerned parties.

news.tootoo.com, which is the shortcut to China's industrical resource belonging to China's leading B2B Portal and Vertical Search Engine, tootoo.com.

Online Market Drawbacks

The online market has been used increasingly in order to do business. Actually, large portions of a corporation's money is acquired online, therefore constituting higher profits than if the online market never existed. With the internet bringing about better communication, easier ways to do business, and access to information about almost anyone and anything, global sourcing has been able to take advantage of this online market, making things such as internet sourcing for qualified employees and multinational purchasing research much easier than ever before. Yet there are drawbacks to the online market just as there are drawbacks to almost anything and everything in business.

-The cyberspace void

There is this huge void on the online market between global sourcing and multinational purchasing. The reason is because the online market has taken away that personal touch in communication. At one time the telephone served as the primary form of communication if questions needed to be addressed, but now the online market has presented an environment where global sourcing and multinational purchasing can be undertaken without hearing a voice or even seeing a face. Basically, the online market constitute anonymous dealings which can be fine in some global sourcing and multinational purchasing dealings, but in other cases it may be in the best interest to have some sort of personal communication.

-Government Rules and Regulations

When implementing global sourcing and multinational purchasing operations are taking place between two or more countries, there are various rules and regulations that must be undertaken. This also applies to the online market when goods and even people are going to be crossing borders. You have to keep in mind that some operations that are legal in one country may not be legal in another. This can be cause for penalties that you do not want to have to pay. This is why you want to diligently follow the global sourcing and multinational purchasing rules when implementing operations in the online market.

These are just a couple of the online market drawbacks when conducting global sourcing and multinational purchasing over the internet. Of course there are more, but communications and government rules and regulations tend to have considerable impacts on global sourcing and multinational purchasing in the online market.

news.tootoo.com, which is the shortcut to China's industrical resource belonging to China's leading B2B Portal and Vertical Search Engine, tootoo.com.

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