Cross border is big growth area for e-commerce
Cross-border e-commerce offers growth rates of 25 per cent a year between 2015 and 2020, according to a study by DHL Express.
The study, “The 21st Century Spice Trade: A Guide to the Cross-Border E-Commerce Opportunity”, found that cross-border e-commerce offers aggregate growth rates not available in most other retail markets.
Cross-border retail volumes are predicted to increase at an annual average rate of 25 per cent between 2015 and 2020 (from $300 billion to $900bn) – twice the pace of domestic e-commerce growth.
Online retailers are also boosting sales by 10-15 per cent on average simply by extending their offering to international customers. An additional boost comes from including a premium service offering: retailers and manufacturers that incorporated a faster shipping option into their online stores grew 1.6 times faster on average than other players.