Updated: Aug 15, 2018
Originally posted on thenextweb.com.
What if the best opportunities for digital merchants to win sales were far beyond the realms of their own backyards?
Although the rise of cross-border ecommerce isn’t breaking news, the rate at which consumers are going global in pursuit of products is staggering.
Sure, given the rapid rise of ecommerce giants such as Amazon and Alibaba, it’s no secret that the public is more comfortable than ever with the concept of shopping online.
But as noted by data from Pitney Bowes, the majority of e-shoppers aren’t letting borders stop them from scoring a deal. In fact, 70 percent of consumers already make at least one international purchase each year.
And according to DHL’s report The 21st Century Spice Trade, that trend only looks to tick upward. Cross-border ecommerce is predicted to grow at double the rate of domestic ecommerce.