ONLINE SHOPPING in #vietnam generates numerous SMALL, LOW-VALUE ORDERS. It significantly IMPACTS the ENVIRONMENT. The PACKAGING-TO-PRODUCT RATIO is SIGNIFICANTLY HIGHER compared to traditional retail, according to Doan Quoc Tam, a consultant for WWF speaking at the Sustainable E-Commerce Trends in the Digital Era seminar on November 21st, 2024. Other key findings presented at the seminar include: ⚠️ Promotional strategies like VND1,000 (US$0.04) items and free shipping, common on e-commerce platforms, encourage IRRESPONSIBLE SHOPPING HABITS. (WWF) ⚠️ 37% of Asia-Pacific consumers DID NOT PLAN their most recent online purchases, while 47% avoided buying online because they feared making impulse purchases. (NielsenIQ Vietnam) ⚠️ IMPULSE BUYING worsens the environmental threat as customers often place MULTIPLE ORDERS in SMALLER, SEPARATE PACKAGES. (NielsenIQ Vietnam) ⚠️ Sellers need to PACK even LOW-VALUE PRODUCTS INDIVIDUALLY, contributing to HIGHER WASTE. (WWF) ⚠️ #vietnam uses 2.7x the PLASTIC PACKAGING PER PARCEL that #china does. (WWF) ⚠️ The LACK OF CLEAR CRITERIA for green products and services hinders efforts to promote sustainable practices on e-commerce platforms. (TikTok Vietnam) ⚠️ STARTUPS often claim their products are eco-friendly but FAIL TO PROVIDE EVIDENCE of reduced carbon emissions or other sustainable attributes. (TikTok Vietnam) For more insights, read: 🔎 https://lnkd.in/gHsc-mah Escalating HUMAN HEALTH and ENVIRONMENTAL PRESERVATION CHALLENGES offer OPPORTUNITIES for #innovators, #entrepreneurs, #startups and #smallbusiness in #vietnam to develop SOLUTIONS aimed at PREVENTION, EARLY DETECTION and LOWERING COSTS by addressing ROOT CAUSES. WinSolutions | Win on Impact supports investment in #southeastasia SMEs and startups having viable sustainable innovations relating to #biodiversity, #healthyfood, #nutrition, #health and #healthcare for #EU market entry.
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🗑️ Size of the issue 📈 🛍️ #Vietnam's #Ecommerce industry has generated over 300,000 tons of #packaging waste comprising cardboard, foam and #plastic shockproof materials in 2023, sparking environmental concerns, according to an expert. 🎙️ "E-commerce significantly impacts the environment, especially through the use of packaging," Doan Quoc Tam, a consultant for the World Wide Fund for Nature, said at the Sustainable E-Commerce Trends in the Digital Era seminar on Nov. 21. 📦 He cited postal service data showing that in 2023 over 1.8 billion parcels, requiring 160,000 tons of cardboard and 145,000 tons of plastics like foam and bubble wrap, were delivered. 💬 "Online shopping generates numerous small, low-value orders. The packaging-to-product ratio is significantly higher compared to traditional retail." 📰 Speaking to VNExpress, he lamented that promotional strategies like VND1,000 (US$0.04) items and free shipping encourage irresponsible shopping habits. ♻️ Sellers need to pack even low-value products individually, contributing to waste, he said. Vietnam uses 2.7 times the plastic packaging per parcel that China does, he said. China uses 157,000 tons of packaging (including 18% plastic) for one billion parcels, while Vietnam uses 166,000 tons, with over half being plastic, he added. 💹 Vietnam's e-commerce market is valued at $22 billion, making it Southeast Asia's third largest, according to the 2024 e-Economy SEA report by Google, Temasek, and Bain & Company. 🚀 It is projected to grow by over 19% annually to reach $63 billion by 2030 and surpass Thailand into second place in the region behind Indonesia. 🧮 According to a NielsenIQ survey, 37% of Asia-Pacific consumers did not plan their most recent online purchases, while 47% avoided buying online because they feared making impulse purchases. 💚 The lack of clear criteria for green products and services hinders efforts to promote sustainable practices on e-commerce platforms. https://lnkd.in/g6sMPC4A
Vietnam e-commerce generates 300,000 tons of packaging waste in a year - VnExpress International
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Exploring the Sustainability Movement in E-commerce: Eco- Friendly Practices and Consumer Preference🌱 Sustainability is no longer just a moral obligation; it's a savvy business decision, especially for e-commerce ventures. With more and more people caring about the environment, businesses simply cannot ignore the environment and should keep it in mind as they sell things online. As a result, e-commerce is looking very different, whether it's from a sustainability perspective, eco-friendly packaging, delivery that doesn't pollute, or green products. Sustainable packaging trends in Indian e-commerce According to market research reports, the Indian sustainable packaging market was valued at USD 3.5 billion in 2020 and is expected to reach USD 11.1 billion by 2025, exhibiting a compound annual growth rate (CAGR) of 26.7%. Businesses are adopting packaging solutions made from seaweed and plants, honeycomb papers and plant fibres and pulp as an alternative to non-recyclable packaging materials. This significantly reduces environmental waste and improves waste management processes. One trend that has emerged in recent years is the use of recyclable and compostable packaging materials, reducing the amount of waste that ends up in landfills. E-commerce companies that prioritize sustainability not only meet consumer expectations but also tap into a growing market segment with immense purchasing power. In this era of conscious consumerism, sustainability isn't just a choice—it's a necessity. By embracing eco-friendly practices and aligning with consumer values, e-commerce businesses can thrive in a rapidly evolving marketplace while making a positive impact on the planet. read blog on: https://lnkd.in/gYDj8xCn
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OCT 19, 2022【Support for ESG Start-up "PackAge+" to Upgrade Green E-commerce and Logistics in Taiwan】 Every day, through our online purchases, Taiwan uses over 100 million "single-use packaging" annually, generating about 113,000 metric tons of carbon emissions. It would take approximately 1,729 Daan Forest Parks absorbing carbon for a year to offset this amount! As e-commerce develops, these figures become increasingly alarming. What kind of Earth do we want to leave for future generations? PackAge+配客嘉 has developed a “Reusable Ecommerce Packaging” system that can be reused over 30 times. Suppose we are willing to take a few extra steps to return the packaging each time it's delivered (with over 4,000 convenience stores across Taiwan accepting returns). In that case, we can enable the packaging to be reused, reducing cardboard waste and saving trees. Our next generation won't have to see barren forests! Allen (葉德偉) is an exceptional entrepreneur who has assembled a team deeply committed to sustainability. They have managed to integrate various stakeholders along the supply chain, a feat that requires a competent team. This was a decisive factor in our investment decision, and we hope that Taiwan will lead Asia in the green economy, with PackAge+ playing a significant role! E-commerce friends, did you know that the Environmental Protection Administration plans to support eco-friendly packaging in 2023, requiring e-commerce companies to gradually increase their use of environmentally friendly packaging to 15% by 2026? PChome, Shopee, SOGO, Uniqlo, and Carrefour are already adopting this initiative. What are you waiting for? With environmentally conscious consumers on the rise, upgrading to green e-commerce and logistics can enhance your competitive edge in the future.
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Embracing Sustainability in E-commerce: A Future-Proof Strategy As the spotlight intensifies on our environmental impact, e-commerce is no exception. Customers and brands alike are rethinking practices to align with a more sustainable future. It’s no longer just about instant gratification through rapid deliveries and endless options; it's about mindful consumption and environmentally responsible decisions that benefit both the planet and business longevity. Here’s how adopting sustainable practices in e-commerce not only helps the environment but could also become your brand’s competitive edge. What is E-commerce Sustainability? E-commerce sustainability means integrating eco-friendly operations throughout the entire online shopping experience. From production and packaging to shipping and delivery, every step is optimized to reduce environmental harm. The Impact of Sustainable Practices Brand loyalty is evolving as consumers increasingly support businesses that share their environmental values. Sustainable practices can: • Cut Costs: Efficient operations mean reduced waste and savings. • Win Customers: Demonstrating eco-consciousness can build trust and preference. • Set You Apart: Unique sustainable initiatives can differentiate your brand. Building a Greener E-commerce Strategy Embracing sustainability involves: • Analyzing Supply Chains: Evaluate every step for eco-friendly improvements. • Reducing Packaging: Opt for sustainable materials and minimize waste. • Streamlining Logistics: Use technology to optimize shipping and reduce emissions. • Sourcing Sustainably: Offer products made with minimal environmental impact. • Investing in Efficiency: Adopt energy-saving technologies across operations. • Offsetting Carbon: Engage in programs that compensate for your carbon footprint. • Encouraging Repairs: Extend product life with repair services. • Partnering for the Planet: Work with charities dedicated to environmental causes. • Rewarding Green Choices: Incentivize customers to make eco-friendly decisions. It’s a Marathon, Not a Sprint 🏃♂️ Transitioning to sustainable e-commerce isn’t an overnight change but a continuous journey. As a brand, take measured steps towards implementing practices that benefit our ecosystem. Your efforts can lead to a ripple effect, encouraging others in the industry to follow suit. Remember, in the race towards sustainability, every small action counts. And as the market shifts towards greener alternatives, your brand’s early adoption of sustainable practices could pave the way for a brighter, cleaner future. Taking the first step can be daunting, but the path to sustainability is paved with numerous benefits for your brand and the environment. Let's make every click and cart add a step towards a greener world. #SustainableEcommerce #EcoFriendlyShopping #ResponsibleRetail #GreenBusiness #EnvironmentalImpact #BrandLoyalty #EcoConsciousBranding #ReduceReuseRecycle #ClimateAction #SustainabilityGoals
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Glad to Release my blog on "Exploring the Sustainability Movement in E-commerce: Eco- Friendly Practices and Consumer Preferences". Here is My Blog:- With climate change concerns regarding Sustainable E- commerce is escalating and consumers becoming more eco-conscious, Online retailers are under pressure to adopt Greener practices. Let’s delve into the realm of E-commerce, examining both eco-friendly initiatives and shifting consumer Preferences. Greener From Click to Delivery: Sustainable e-commerce goes beyond just using recycled boxes. Companies are opting for eco-friendly materials throughout their operations, like biodegradable packaging and sustainable fabrics. They're also focusing on reducing their carbon footprint by implementing energy-efficient practices and optimizing delivery routes. Transparency for Trust: Today's eco-conscious consumers want to know where their products come from and how they're made. It embraces transparency, revealing information on labour practices, ethical sourcing, and environmental impact. Brands that prioritize this transparency are building trust and loyalty with eco-savvy shoppers. Built to Last: Sustainable e-commerce is to think of making repairable items, durable materials, and even take - back or buy - back programs for used products. This focus on product longevity aligns perfectly with the growing desire to move away from a disposable culture. The Green Generation is Here: Millennials and Gen Z are leading the charge for sustainable consumption. A Recent study show they're willing to pay more for products and brands with strong sustainability initiatives. The future of e-commerce is undoubtedly green. All in all, Sustainable e-commerce isn't a fad, it's essential. By embracing Eco-friendly practices, transparency, and durable products, businesses can align with consumer preferences and secure a competitive edge in a sustainability-focused future. Go and Read Out My Blog on Inkle Writer. Here is the link :- https://lnkd.in/gWfsVTTs Feel free to share your Thoughts in the comment under my Blog post and let me know My Area of Improvement. Let's Make the E-commerce Sustainable together. #EcommerceSustainablitiy #ecofriendlybusiness #sustainability #greenbusiness 🌄 #ecommercepackaging #sustainableshipping #ethicalecommerce #circulareconomy #ecommercelogistics #consumerdemand #ecoconsciousliving #responsiblebusiness 🎢 #transparency #sustainabilitymovement #ecofriendly #business #green #climatechange 🏅 #LinkedIn #BlogPost #InkleWriter #DigitalAgeSecurity #SustainableShopping #DataSecurity ##DigitalTrust 🚀
Exploring the Sustainability Movement in E-commerce: Eco- Friendly Practices and Consumer Preferences
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Title: Navigating Sustainability in E-commerce: Eco-Friendly Practices and Consumer Choices Sustainability is not just a buzzword anymore; it's a driving force reshaping the e-commerce industry. With environmental concerns at the forefront, businesses are adopting eco-friendly practices to meet consumer demands and reduce their carbon footprint. One significant shift is seen in packaging. E-commerce giants are ditching plastic and opting for biodegradable materials like recycled paper and compostable alternatives. This move not only minimizes waste but also appeals to eco-conscious shoppers looking for sustainable options. Moreover, sustainable sourcing practices are gaining traction. E-commerce platforms are partnering with suppliers committed to ethical production methods, such as fair trade and organic farming. This ensures that products reach consumers with minimal environmental impact and uphold social responsibility standards. Technology plays a crucial role too. Optimizing transportation routes and embracing electric vehicles for delivery reduces emissions associated with shipping. Advanced logistics software further streamlines inventory management, cutting down on waste throughout the supply chain. Consumer preferences are evolving in tandem with these changes. Studies indicate a growing willingness to pay more for eco-friendly products and support brands committed to sustainability. E-commerce businesses that align with these values not only contribute to environmental conservation but also gain a competitive edge in a market increasingly driven by conscious consumerism. In conclusion, sustainability is reshaping e-commerce practices, from packaging to sourcing and logistics. Businesses that prioritize eco-friendly initiatives not only reduce their environmental impact but also cater to the preferences of an increasingly eco-conscious consumer base. As the sustainability movement continues to gain momentum, embracing eco-friendly practices is not just a choice but a necessity for thriving in the e-commerce landscape of tomorrow.
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Exploring the Sustainability Movement in E-Commerce: Eco-Friendly Practices and Consumer Preferences Sustainability means doing something in such a way as not to deplete natural resources and to support long-term global ecological balance. It can also be stated as balancing the needs of present without compromising the needs of the future generations to meet theirs. Since, India is 7th largest E-Commerce market in the world which makes this market not only the hub of D2C(Direct-to-Consumer) chain but also the hub of waste generation in the form of plastic wraps, packaging materials, high energy consumption, carbon emission etc. due to which an adoption of 'Sustainability Movement' is seemed to be implemented in the recent years. Now 'Sustainability Movement' in the market led to changes such that companies started adopting environmentally and socially responsible practices such as reducing packaging, utilizing renewable energy, and avoiding high shipping emissions. The above stated change not only benefited the environment but also turned to benefit the E-Commerce businesses in the following ways: 1. Attracted More Customers- More shoppers started choosing sustainability as a metric /parameter for whether or not to support a brand. 2. Saved Money- Running factory and warehouses on renewable energy was cheaper for businesses, which could be more scaled if switched to either solar or wind power. Similarly, usage of electric vehicles to deliver goods helped in fuel cost cutting. 3. Attracted more Employees- 71% of the employees and employment seekers were ready to work at lower salaries for organizations supporting 'Environmental Sustainability'. 4. Tax Reduction- Government of India and many other countries offered tax incentives to businesses switching to more sustainable processes.
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Showcasing my first blog on the very interesting and knowledgeable topic of Exploring the Sustainability Movement in E-commerce: Eco-Friendly Practices and Consumer Preferences. I hope you all will like and find it informative and engaging. Your feedback and suggestions are highly appreciated! Sustainable e-commerce refers to environmental friendly practices adopted by online businesses. The importance of sustainable development is that it meets the needs of the present generations without compromising on the needs of future generations. The sustainability movement in e- commerce involves various practices aimed at reducing environmental impact such as using eco-friendly packaging, promoting energy efficient operations and implementing sustainable supply chain practices. Many e- commerce companies are also focusing on product sustainability, offering environmentally friendly products and encouraging responsible consumption among consumers. Some platforms facilitate the resale or recycling of products to extend their lifecycle. Finally, the goal is to balance environmental responsibility in the online shopping experience. Eco friendly practices are like limits unnecessary packaging and manages stock production to reduce waste, seeks to remove or minimize any negative effect it has on environment, using renewable resources where possible to reduce minimal damage to environment, using recyclable or biodegradable materials, offsetting carbon emissions by investing in green initiatives. Consumers today are more aware of the impact of their consumption on the environment and are increasingly seeking eco friendly products. Consumer perceptions towards eco-friendly products are influenced by various factors, including product labeling, brand reputation, availability and price. understanding these factors is crucial for companies seeking to promote and market eco-friendly products effectively. By implementing these activities companies can encourage more consumers to adopt sustainable consumption behaviors and contribute to a more sustainable future. In conclusion, sustainable e-commerce practices are vital for reducing the environmental impact of online shopping. By adopting eco-friendly practices, businesses can not only meet consumer demands but also contribute to a more sustainable future for generations to come.
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The sustainability movement in e-commerce is gaining momentum as businesses and consumers increasingly recognize the importance of eco-friendly practices in the industry. Companies are now adopting innovative strategies to minimize their environmental impact and promote responsible consumption. One of the key eco-friendly practices in e-commerce is sustainable packaging. Companies are opting for biodegradable, recyclable, or compostable materials to reduce waste and pollution. This shift towards greener packaging resonates with eco-conscious consumers who prefer products with minimal environmental impact. Another area of focus is the reduction of carbon emissions. E-commerce companies are streamlining their supply chains and logistics to decrease transportation-related emissions. This includes using electric vehicles, optimizing delivery routes, and consolidating shipments. Consumers are also driving the demand for sustainability in e-commerce. Many shoppers prioritize brands that adhere to ethical and environmentally friendly practices. This shift in consumer preferences encourages companies to adopt green initiatives such as offering carbon offsets for deliveries or partnering with sustainable suppliers. In addition, secondhand and upcycled goods are becoming popular, promoting a circular economy that extends the lifecycle of products. Online marketplaces for vintage and pre-owned items are flourishing as consumers seek alternatives to fast fashion and disposable goods. As the e-commerce industry continues to evolve, embracing sustainability will not only benefit the planet but also create long-term value for businesses and consumers alike.
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Exploring the Sustainability Movement in E- commerce: Eco- Friendly Practices and Consumer Preference In recent years, the sustainability movement has gained significant traction in the e- commerce industry. This shift towards eco- friendly practices is driven by both environmental concerns and consumer preferences. Let's delve into how e-commerce businesses are embracing sustainability and how it impacts consumer choices. One of the key areas of focus for sustainable e-commerce is packaging. Companies are opting for recyclable or biodegradable materials to reduce waste and environmental impact. Additionally, minimizing packaging size to optimize shipping space contributes to lower carbon emissions. Another aspect is product sourcing and manufacturing. E-commerce platforms are increasingly partnering with sustainable suppliers who adhere to ethical and eco- friendly production methods. This includes using organic materials, reducing water and energy consumption, and ensuring fair labor practices. Moreover, e-commerce brands are leveraging technology to promote sustainability. For instance, implementing Al algorithms to optimize shipping routes reduces fuel usage and greenhouse gas emissions. Similarly, digital platforms are facilitating the sharing economy, promoting the reuse and repurposing of products. Consumer preference plays a crucial role in driving these sustainable practices. Studies show that a growing number of consumers prioritize environmental responsibility when making purchasing decisions. They actively seek out eco-friendly products and support brands that demonstrate a commitment to sustainability. In conclusion, the sustainability movement in e-commerce is not just a trend but a fundamental shift towards responsible business practices. By adopting eco-friendly initiatives in packaging, sourcing, manufacturing, and utilizing technology for sustainability, e-commerce businesses can meet consumer demands while contributing positively to the planet.
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