Retail.Global is more than just another crypto project. It is an attempt to transform how we look at the e-commerce industry. The Retail.Global team is experienced and has worked with a wide range of brands. The customer list for the Retail.Global team includes 5pocket, Soho, Glance, Quiksilver, and Anta. The team wanted to bring e-commerce scaling solutions mainstream. At the moment, small and mid-sized businesses are increasingly competing on a global scale. Unfortunately, those companies often find trouble scaling their e-commerce processes. These processes include merchandising, analytics, integrations, support, and logistics. Retail.Global’s platform solves these problems, allowing businesses to scale to the global level at a significantly lower cost.
How The E-commerce Industry Operates (And Why It Needs Change)
The current e-commerce model isn’t one that works for small or mid-sized businesses. These businesses are forced to compete with global brands without the expertise or recourses that are necessary to truly scale up an ecommerce operation. For example, there are different supply chains for e-commerce and offline sales. That means different wholesalers, different warehouses, different delivery systems, and different returns processes. For a small business, trying to figure all this out on the fly can be quite frustrating. That is part of Retail.Global’s appeal, it simplifies these processes and allows businesses to be more efficient.
The Business Model
The Retail.Global business model involves companies paying commission for platform usage. Here is how the whitepaper lists the fees for using the platform:
• Independent Or Medium (from 0.5$ million a year)
• Enterprise Companies (from $5 million a year)
• Service Companies With Revenue Sharing Model (From 1% to 10%)
• Smart Contracts And Loyalty Reward Token Fees (From 0.2% to 5%)
The platform will categorize business by size and scope, with different plans for owners of independent offline stores, trade centers and department shops, manufacturers, and entrepreneurs.
The Roadmap
In early 2018, Retail.Global issued their roadmap and whitepaper. Here is the plan for the launch of the platform and beyond:
• 3Q 2018 – Add the ability to create and connect necessary e-commerce processes such as delivery, payment, and support for Russia, Belarus, and Kazakhstan.
• 4Q 2018 – Add multilingual interface and international delivery. Have the first platform users in Europe and Russia. Begin expansion to Spain, Italy, and France. Begin pilot run.
• 2Q 2019 – Full release for the entire platform.
• 4Q 2019 – Expansion to India.
• 3Q 2020 – Expansion to China.
The Retail.Global team has already proven that it can raise awareness about their project (https://bountyhive.io/join/Retail.Global). Now, the entire platform will have to prove that it can attract users. This shouldn’t be a major problem, especially because the team has already had success helping other brands scale their e-commerce processes. If Retail.Global is successful, it could become one of the hottest projects in crypto. That is because e-commerce is an absolutely critical part of running a business in today’s digital environment. Without an e-commerce platform, a new business can’t compete. And competition isn’t just local anymore, businesses are competing with companies that are on the other side of the globe. If Retail.Global can effectively lower the barrier to entry then the entire market would be better off.
Written by: liveheart
BountyHive ID: liveheart