Cross-border e-Commerce: five common challenges and solutions
Your online business was expanding gradually before the pandemic, but it expanded actually well beyond your wildest dreams. Your brand is now well positioned within your own country, but to fully leverage your flawless digital capabilities and plan, you must expand into new markets and areas.
Statista estimate that by 2020, more than two billion consumers will have made online purchases totaling $4.2 trillion. Global retail e-Commerce sales increased by more than 25% during the pandemic's first year.
However, a fact that sometimes goes undetected is that this year, cross-border e-Commerce, which is defined as selling things online to people in other countries, is anticipated to account for 22% of e-Commerce shipments of tangible commodities. The market share of international e-commerce in 2016 was only 15%.