Global E-commerce Markets
Well, what you know about the ‘Global E-commerce Markets’? Global e-commerce is highly complex. Why because, market conditions vary hugely between countries due to differences in internet penetration, smart phone usage, demographics, regulatory climate, logistics and transport infrastructure, and industrial real estate options. Mastering these factors can provide a platform for your success. And here are those ‘key factors’ you must know before entering the Global E-commerce Markets.
Global online retail has grown 14.8% on average per year, 2007 to 2012. Total B2C e-commerce sales are expected to exceed $1.2 trillion this year alone.
Online retail only accounts for 4% of total global retail sales—meaning there is enormous opportunity for growth in this sector.
Markets vary greatly between countries, especially between developed and developing nations.
Factors that affect e-commerce include: internet penetration, fixed and mobile broadband costs, smart phone usage, demographics, the regulatory climate, the logistics and transport infrastructure, and industrial real estate options.
Successful e-commerce depends on adopting new logistics models and utilizing distribution properties that may include mega e-fulfillment centers, parcel hubs and delivery centers, local ‘urban logistics’ depots for rapid order fulfillment, and returns processing centers.
Moving from multi-channel to omni-channel management enables retailers to meet customer demand in a fully integrated and seamless way from whatever location is positioned to provide the best customer experience.
Feet-on-the-ground knowledge, particularly of supply chain, properties, real estate transactions and cross-border commerce opportunities, is vital.
Delivering efficiency and a superior consumer experience can give retailers enhanced brand value.
So, all you need is full knowledge about Global e-commerce markets before entering and most likely you will embrace success. Good luck!