MINNEAPOLIS, Minn., August 16, 2017 – Apruve, the B2B credit network connecting business buyers, their suppliers, and third-party banks, today announced the release of its Electrical Components eCommerce Report, comparing the online stores of the largest electrical component companies’ online stores head-to-head. Surveying 48 total electrical component eCommerce websites, Apruve’s latest Apruval Rating revealed insights on electrical component companies’ preference for buying bulk, payment terms and procurement.
“B2B eCommerce is growing quickly and catching a lot of traditional businesses off guard,” said Michael Noble, CEO of Apruve. “We believe these reports help businesses see how they compete online, as well as assist them to create a benchmark that contributes to improving their customer experience and their online revenue.”
Apruve ranked 50 electrical component companies based on their execution of user experience, ease of checkout, and features that meet B2B buying needs. Of all the electrical component companies surveyed, Newark Element 14 and Texas Instruments made the top of Apruve’s report with the best overall online stores in the industry.
The latest report from Apruve is based on a series of performance criteria challenging companies to demonstrate their eCommerce aptitude and analyzing how each interacts with their business customers. In addition to ranking all companies included in Apruve’s research, the report also outlines some alarming statistics on the sector as a whole, compared to other industries.
Key findings of the Apruve Electrical Components eCommerce Report include:
22% of electrical component companies offer product reviews and ratings on their online stores.
40% allowed a customer to store a credit card for future payments in electrical component eCommerce sites.
25% of eCommerce websites suggested products to buy or offered bundled offerings.
The Electrical Components report is the fourth industry to be featured in Apruve’s research portfolio, following eCommerce reports on promotional products, office supplies, and the dental supply industry. Future reports are scheduled to be released each quarter across a variety of B2B industries. To download this report and others, please visit: /apruval-rating-reports/electrical-components-apruval-rating-report/
Apruve is a B2B credit network that connects business buyers, their suppliers, and third-party banks to drive B2B sales through easy, risk-free lines of credit. Apruve integrates directly into online stores to manage credit programs for suppliers. To learn more about how Apruve can grow your business, visit http://www.Apruve.com.