Highlights: Amazon shuts down its Pantry service. This comes after the Ministry of Commerce and Industry released new policies to be followed by e-commerce platforms. The new rules also state the online platforms cannot sell products exclusively. Last Year, the Department of Industrial Policy and Promotion (DIPP), which is headed by the Ministry of Commerce and Industry, released a circular that is making a considerable impact on the e-commerce scene in India. A direct result of these policies coming into effect from Feb 1 is Amazon shutting down its Amazon Pantry online grocery shopping service. As per a Reuters report, the company has shuttered its online groceries delivery platform in India and also started taking down listings that violated the terms set by the government. On Amazon, various products sold by the online retailer’s exclusive vendors, Cloudtail and Appario, like house cleaning products and sunglasses were also removed. These new policies serve as a guideline that online retailers have to follow and the most important directive to take note is that an e-commerce entity providing a marketplace will not sell goods or services from its own companies that it controls, which means there won’t be any more Flipkart or Amazon exclusive devices. Additionally, they will now not control the pricing of the products being sold via their platforms and this also marks an end to the various sales online e-commerce platforms hosted throughout the year. There are many other points that should be taken note of, but before getting into them, one needs to know the difference between the marketplace model and the inventory model. The basic difference, as per the Ministry of Commerce & Industry, is that in the former model, online retailers like Amazon and Flipkart act as a facilitator between sellers and buyer, however, they will have some infrastructure set in place to enable operations such as warehousing, logistics and product handling, IT setup and more. Under the inventory model, e-commerce companies have a stake in the products that are being sold. For example, the smartphone brand ‘Billion’ and Flipkart sell products exclusively and Amazon sells 10or phones only on its platform. Under the new policy, as mentioned earlier, an e-commerce company that acts as a marketplace cannot exercise ownership or control over the inventory being sold. Additionally, if it controls 25 percent or more of an online vendor’s inventory, like Flipkart’s WSRetail or Amazon’s Cloudtail sellers, these vendors will also be considered being controlled by the respective online retailers and cannot be sold on its platform anymore. Additionally, e-commerce players cannot control the sale price of any goods or services and 100 percent Foreign Direct Investment (FDI) is permissible only in the marketplace model. Related Reads: Amazon Scout delivery robots start delivery in US county Amazon reportedly working on a cloud-based game streaming service
from Latest Technology News http://bit.ly/2D6RDMQ
flipkart
Subscribe to:
Post Comments (Atom)
flipkart
Edit videos on your mobile phone using the YouTube Create App
YouTube has introduced its new mobile app called ‘YouTube Create’. This app offers an easy way for creators to edit their videos right from ...
- September 2023 (83)
- August 2023 (126)
- July 2023 (113)
- June 2023 (102)
- May 2023 (162)
- April 2023 (160)
- March 2023 (148)
- February 2023 (136)
- January 2023 (173)
- December 2022 (163)
- November 2022 (163)
- October 2022 (181)
- September 2022 (178)
- August 2022 (174)
- July 2022 (136)
- June 2022 (125)
- May 2022 (146)
- April 2022 (130)
- March 2022 (143)
- February 2022 (132)
- January 2022 (145)
- December 2021 (157)
- November 2021 (239)
- October 2021 (269)
- September 2021 (270)
- August 2021 (212)
- July 2021 (252)
- June 2021 (225)
- May 2021 (184)
- April 2021 (181)
- March 2021 (343)
- February 2021 (299)
- January 2021 (320)
- December 2020 (334)
- November 2020 (305)
- October 2020 (318)
- September 2020 (340)
- August 2020 (347)
- July 2020 (337)
- June 2020 (310)
- May 2020 (308)
- April 2020 (418)
- March 2020 (316)
- February 2020 (282)
- January 2020 (329)
- December 2019 (323)
- November 2019 (393)
- October 2019 (403)
- September 2019 (386)
- August 2019 (454)
- July 2019 (579)
- June 2019 (509)
- May 2019 (697)
- April 2019 (725)
- March 2019 (746)
- February 2019 (702)
- January 2019 (932)
- December 2018 (758)
- November 2018 (729)
- October 2018 (835)
- September 2018 (838)
- August 2018 (548)
- March 2018 (24)
-
Huawei, it seems, cannot seem to steer away from controversy around its smartphones’ camera capabilities. This time, a Chinese photographer ...
-
Now that the first Developer Preview of the next version of Android has gone live, we can expect to see more and more reports of upcoming fe...
-
The past two months saw no activity whatsoever in the smartphone market because of the ongoing lockdown in India. Counterpoint Research data...
No comments:
Post a Comment