Get your Business Ready for Cross-border Ecommerce in 2020 - PowerPoint PPT Presentation

About This Presentation

Get your Business Ready for Cross-border Ecommerce in 2020


Cross border ecommerce will be on boom in 2020. Read the blog to know how you can get your business ready for this challenge. – PowerPoint PPT presentation

Number of Views:41


Transcript and Presenter's Notes

Title: Get your Business Ready for Cross-border Ecommerce in 2020

Get your Business Ready for Cross-border
Ecommerce in 2020
Cross border ecommerce or international ecommerce
is defined as the phenomenon of online trade
transactions between business and consumers (B2C)
and business to business (B2B) located in
different countries. Cross-border ecommerce is
estimated to reach 1 trillion in 2020. According
to Forrester, cross-border shopping will make up
20 of ecommerce in 2022, with sales reaching
627 billion. Thus, online retailers have the
potential incentive to invest in ecommerce
website solutions to prepare their business for
cross-border ecommerce in 2020. However, before
you plan your international journey, lets
explore why people are choosing foreign retailers
to make their purchases.
Reasons for Cross-border Ecommerce
Sales 1.Simplicity With smartphones in hand,
people are finding it more comfortable to order
from a foreign online retailer with ease. They
are attracted to international retailers when
they are unable to find those products locally
and when those products are available at cheaper
rates as compared to local prices. Additionally,
people are buying from foreign websites in search
of the brands and specialty products that are not
available in their country. The retail giants,
Amazon, eBay, Alibaba, are driving cross-border
sales at a faster pace.
2. More payment options The next reason for an
upsurge in this trend is due to the increase in
the payment options available to the consumers.
Unlike previously, now, consumers can pay using
wallets that are globally accredited like PayPal,
Skrill, and Google Pay that facilitate online
payment worldwide.    3. Better logistics With
an increasing number of logistics management
service providers across the world that are
offering quality services driven by speedy
delivery, trustworthy transactions, and online
tracking of the package, the confidence among
customers has increased as far as the
cross-border purchase is concerned.  Here are a
few points you must consider before you craft a
strategy for international e-commerce. Things
to Consider to Get your Business Ready for
Cross-border Ecommerce in 2020 1.Global
Distribution Partners The most significant risk
when you expand globally is logistics. It is
essential to choose a third-party logistics
provider carefully after thorough check and
assessment. Since high stakes are involved, it is
not recommended to rely on mediocre companies for
this service. 2.Market Situation China, South
East Asia, Australia, France, Mexico, and Latin
America are way ahead in generating cross-border
sales as compared to other countries. Big brands
are expanding omnichannel strategy by including
international ecommerce in its umbrella. Thus,
when you chalk out a plan, you must understand
the market conditions, the expectations of local
consumers, and other parameters before launching
your store.
3.Tech Integration To attract customers from
different nations, you must embrace tech
advancements in your ecommerce website solution
to support the sophisticated needs of the
consumers. For example, using Chatbots can help
you to cater to your customers 247 and
understanding their unique requirements.
Cross-border ecommerce is rapidly gaining
traction and will continue to rise in 2020 as
more and more retailers will invest in quality
ecommerce website solutions for enhanced user
experience. With 5G data speed, it is now easier
and faster to connect with the target audience
globally. However, the bottom line is how your
brand interacts and engages with the
customers. If you are looking eagerly to expand
internationally and are planning to upgrade ore
face-lift your website for a global audience,
Katalyst Technologies can help. We are a leading
provider of digital and ecommerce website
solutions with immense domain expertise and
strong industry presence. Our experts can help
you from end-to-end while you plan for ecommerce
international expansion. Connect today.
Demo Form https//
  • Katalyst Technologies is a leading IT services
    and solutions company servicing clients in the
    manufacturing, wholesale distribution, life
    sciences, e-commerce, logistics, and retail
    sectors. We provide industry specific IT
    products, strategies and solutions for companies
    implementing large-scale and transformational
    projects. Our business and technology experts are
    highly-skilled and work seamlessly across
    multiple geographies, with a global footprint in
    the U.S, U.K, India, and Germany. We specialize
    in the areas of Digital e Commerce,
    Enterprise Resource Planning, Supply Chain
    Management, Engineering and Manufacturing,
    Professional Services and e Publishing.

USA Evanston 1 847 425 4321 Atlanta 1 678 684
INDIA Hadapsar, Pune 91 20 6709
3939 Valasaravakkam, Chennai 91 44 4294
3400 Basavanagudi, Bengaluru 91 80 2677 0101
UK Teddington 44 208 943 5589
Write a Comment
User Comments (0)