Taking Your E-Commerce Business International: Tips to Build a Resilient Shipping Strategy
(Source-unsplash.com_.jpg) The e-commerce segment has witnessed impressive growth in recent years. Sellers today think beyond supplying products across the country because international e-commerce business offers a far bigger growth opportunity. Entering new markets means a chance to increase the buyer base and revenues. According to Statista, the global e-commerce market is set to cross the $6 trillion mark by 2024. Another survey estimates that the cross-border e-commerce market is likely to touch $4.8 billion by 2026 , with a staggering annual growth rate of 27%. The growth rate is surprisingly high, considering the moderate decline in global retail spending. The benefits of going international with an e-commerce business are undeniable, but business owners cannot overlook the challenges involved. High competition, currency complexities, regulations, and cultural hindrances may stand in the way. Besides these, the current geopolitical landscape and ocean freight issues ...