Key Trends in the Development of Marketplaces as a Trigger for the Transformation of Global Business

Abstract

This research analyses marketplaces in Europe and some other developed countries in order to determine their impact on global trade and business. The paper aimed to answer an important question - how e-commerce could transform modern business taking into account digital changes, a boom of cryptocurrency erasing trade borders and globalization. Sufficient evidence of this transformation is illustrated. A subsidiary objective of this research involves the building of a logical model describing correlation between marketplaces as integral part of e-commerce and global business development. Statistical data were based on variable indicators describing four categories of trading platforms, particularly online stores, price aggregators, marketplaces and classifiers. In addition, global indexes and macro-economic criteria were used in analysis. The methodology of statistical and regression methods was employed for economic-mathematical modelling. This allowed revealing the most important indicators affecting e-commerce and to create reasonable predictions for global business and trade. The research highlights important trends in the development of e-business under the digital economy.

Exploring the relationship between quality and innovation and revenue growth: a case study of three global technology giants

“…In a dynamically changing business environment, there is a need to build value, bring new innovative ideas, and use their skills and capabilities to influence the performance, competitive advantage, economic development, and success of the whole business (Lorincova, Miklosik, & Hitka, 2022). Mietule, Maksymova, and Holikova (2019) argue that in the current digital communication environment, digital technologies are developing global trade and business, which has a positive impact on companies as customers can buy their products from all corners of the world from the comfort of their homes. Dugia et al (2022) define that digital capabilities positively affect the performance of a company only if the company is sufficiently technologically savvy and can handle and transform information efficiently and effectively for its benefit.…”

Цифровий Розвиток Світового Ринку Руд І Мінералів За Сценарієм Зеленого Торгівельного Альянсу

“…Keywords: digital economy, industry 4.0, green trade alliance, mineral resources market. Іншими словами, мова йде про впровадження принципово нової парадигми: «Ремонт замість нової покупки, оренда замість власності» [14]. У цих умовах виникає необхідність формування системи загальних рекомендацій щодо переходу добувної промисловості до Індустрії 4.0.…”