Lifestyle

Dr. Jay Feldman Stresses on the Importance of Entrepreneurs Giving Back to Society

Published

5 years ago

May 20, 2020

Entrepreneurs thrive on opportunities, but for opportunities to flourish, you need the right conditions. A healthy and positive society provides those conditions, and that’s why truly successful people believe in putting back into a system that makes personal success possible.

Take Dr. Jay Feldman, for example. Helping people and working for the greater good is in the 28-year-old South Florida native’s blood. From an early age, he wanted to be an asset to a society he felt had provided so much for himself and his family. He decided that becoming a doctor and help other people live long, and healthy lives was his true calling.

After leaving the University of Florida with a BS in Biological Science in 2014, Dr. Feldman studied for a Medical Degree at New York’s Touro College of Osteopathic Medicine. Four years of medical school had been a long, hard haul, but in Dr. Feldman’s own words, “I chose medicine because I wanted to do something selfless with my career. I wanted to make the world a better place.”

However, fate often has an entirely separate plan for us compared to the one we originally envisaged. It was no different with Dr. Feldman.

Throughout medical school, Dr. Feldman was also concentrating on his other passion – business. His marketing agency, Instelite, was founded during this period, and it has since turned into something of an Instagram empire, built around the charismatic doctor’s upbeat and philanthropic posts.

Shortly after graduating medical school and starting his formal training as a new doctor, he was left with a decision to make. Dr. Feldman recalls that question pretty much answered itself. He explained, “I quickly realized that the most effective way for me to help the most people was through my business expertise.”

The die was cast, and his fate sealed. By the time 2020 rolled round, Dr. Feldman had already earned himself a reputation as an entrepreneur to watch out for. His determination to give back and make a better, fairer society for all is evident in the projects which have garnered him recognition.

REX Fitness, for instance, is on a mission to create an affordable yet portable home gym that is accessible to all members of society. Dr. Feldman believes fitness is the key to good health and that nobody should be excluded from its pursuit due to the lack of disposable income.

Likewise, his recently founded non-profit, Food Equality Corporation, plans to help increase access to quality food items for underserved communities.

Dr. Feldman explains, “Food inequality is one of the root causes of health inequality. It creates chronic diseases at an early age in people from disadvantaged communities, and my ambition is to change that.”

No man is an island, and we all need to be a part of a community to thrive. Dr. Feldman believes that for an entrepreneur to succeed truly, society must flourish alongside them. And only a fool would argue against that.

Lifestyle

The Evolution of eCommerce: How Online Shopping Has Changed in the Last Decade

Published

9 hours ago

December 3, 2024

Michelle Langton

Over the past decade, eCommerce has transformed from a convenient alternative to brick-and-mortar shopping into a dominant force shaping global consumer behaviour. This evolution has been driven by advancements in technology, shifting customer expectations, and innovative logistics strategies that ensure purchases reach doorsteps with unprecedented speed and efficiency. Let’s explore how online shopping has evolved and what it means for businesses and consumers alike.

The Rise of Mobile Commerce

One of the most significant changes in eCommerce is the shift towards mobile shopping. Smartphones have become the preferred device for browsing, comparing, and purchasing products. According to recent studies, more than 70% of online transactions now occur on mobile devices. User-friendly apps, seamless payment gateways, and mobile-first website designs have played pivotal roles in driving this trend.

For businesses, this shift has meant a greater focus on responsive design and mobile-optimised platforms to enhance user experience. It has also encouraged the rise of social commerce, where platforms like Instagram and TikTok have become integral to shopping journeys, blending entertainment with eCommerce.

Personalisation and AI Integration

A decade ago, personalisation in online shopping was rudimentary – limited to broad product recommendations. Today, artificial intelligence (AI) and machine learning have revolutionised how retailers engage with customers. eCommerce platforms can now analyse browsing habits, purchase history, and even real-time preferences to deliver highly tailored shopping experiences.

From personalised email campaigns to dynamic website content that adapts to user behaviour, AI has allowed businesses to forge stronger connections with their audiences. This evolution not only boosts sales but also fosters customer loyalty in a competitive market.

The Amazon Effect and Expedited Delivery

The “Amazon Effect” has been another game-changer, setting new standards for eCommerce logistics. The expectation of fast, often same-day delivery has become a benchmark for online retailers worldwide. To meet these demands, businesses have invested heavily in supply chain optimisation and partnerships with reliable logistics providers.

The integration of advanced eCommerce freight solutions has been crucial in ensuring timely and cost-effective delivery. These solutions streamline the movement of goods from warehouses to customers, enabling retailers to stay competitive while managing rising logistical complexities.

Sustainability in Online Shopping

As awareness of environmental issues grows, sustainability has become a major focus for eCommerce. In the last decade, consumers have increasingly demanded eco-friendly practices, prompting businesses to adopt greener approaches.

From sustainable packaging to carbon-neutral shipping options, online retailers are now incorporating environmental responsibility into their operations. This shift not only aligns with consumer values but also provides businesses with a competitive edge in a market that prioritises ethical consumption.

The Power of Data and Analytics

Data has always been integral to eCommerce, but its role has expanded significantly in the past ten years. Advanced analytics now allow businesses to understand consumer trends, optimise inventory management, and enhance marketing strategies. Predictive analytics, for instance, can anticipate demand fluctuations, helping retailers avoid stockouts or overstocking.

Moreover, data-driven insights have made omnichannel retailing more cohesive, ensuring customers have a seamless experience whether they’re shopping online, in-store, or through a combination of both.

Challenges and Opportunities Ahead

While the evolution of eCommerce has brought remarkable progress, it hasn’t been without challenges. Rising customer expectations, cybersecurity threats, and the complexities of global trade are just a few hurdles businesses face. However, these challenges also present opportunities for innovation.

By adopting cutting-edge technologies, fostering strategic partnerships, and focusing on customer-centric approaches, businesses can continue thriving in the ever-changing eCommerce landscape.

As you can see, the past decade has been transformative for eCommerce – reshaping how we shop, sell, and interact with brands

From the convenience of mobile shopping to the precision of AI-driven personalisation, the industry has continually adapted to meet the needs of modern consumers. As technology advances and consumer expectations evolve, one thing is certain – eCommerce will remain at the forefront of global retail innovation for years to come.