The world is getting smaller. Borders less defined. And for businesses, now more than ever the world is their oyster.
By Becky Clark, NetDespatch CEO
International shipments are constantly rising with more consumers willing to purchase products from abroad. Global business-to-consumer (B2C) ecommerce sales will hit $1.5 trillion (£900 billion) this year, which is a 20.1% increase from 2013, according to eMarketer's latest forecast.
Latest figures show that the Asia-Pacific region’s e-commerce sector, driven by the huge Chinese market, has outstripped Europe’s online shopping industry for the first time. The European market is also continuing to enjoy strong progress, growing by 16 percent to €363.1 billion (£287 billion) in 2013 and it’s expected to bring revenue of €425.5 billion (£337 billion) this year. And with online retail sales now accounting for around 5.7% of Europe’s entire retail market and 264 million e-shoppers spending an average of €1,300 (£1,000) each every year, the potential for carriers is undeniable.
The recent Micros 2014 report reveals that more UK retailers are now selling overseas and 67% are offering an international delivery service, is music to my ears. In the third International E-commerce Delivery Report commissioned by Royal Mail and technology vendor Micros it was revealed that the choice of delivery options is increasing while the cost to shoppers of ordering from international markets is potentially decreasing. And some 31% of 112 retailers surveyed offered the choice of standard and express delivery services for international customers, up from 18% in 2012. So positive news indeed!
Making the global market accessible for all
For domestic couriers, expanding beyond borders and into the global market can be a daunting prospect. As 37.3% of the world’s population flocks to the internet, businesses large and small are finding that the online market is as valuable as ever, but struggling to balance the cost associated with such a competitive market. Global barriers between territories have been known to slow down shipping efforts and cause unnecessary headaches.
To tap into this global market, a retailer, courier or carrier needs an IT system that... click here to go to the full article on Cloud Computing Intelligence.