There are no doubt many more changes ahead for the e-commerce landscape. From rising cross-border sales to the disruption of traditional retail chains, there’s no doubt that we’re in for some exciting times as we move forward with this industry. In this article, we’ll look at some of the most important trends affecting global e-commerce and logistics over the coming years.
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Global e-commerce sales
Global e-commerce sales are growing rapidly and are expected to reach $4.5 trillion by 2022. In 2018, global e-commerce sales reached $2.9 trillion, which was an increase of 15% over 2017’s total revenue.
Global online shopping is on the rise due to its convenience as well as affordability for customers who want to buy anything from anywhere at any time without having to leave their home or office space; however, it can also be risky if you don’t have enough information about your clientele base before starting your business venture into this sector!
E-commerce sales in the U.S.
In 2022, US e-commerce sales are expected to reach $532 billion. This represents a compound annual growth rate (CAGR) of 14%.
The U.S. has become one of the largest markets for online retailing; however, it still lags behind other countries in terms of overall market size. In 2011 alone, there were over 50 million active users across all channels—mobile devices and computers—and this number is expected to grow by 2021 when 78% of consumers will own a smartphone or tablet device that they use daily; this means that those who don’t have access will likely purchase goods online via their mobile phones instead!
E-commerce sales in China
China is the largest e-commerce market in the world, with sales of $500 billion in 2018. China’s online retail sales have grown to over 50% of total retail sales and are projected to reach 60% by 2023.
China’s e-commerce market is dominated by Alibaba and JD.com; these two companies account for about 70% of all Chinese online sales. In contrast, Amazon has just 1% market share compared with Alibaba’s 25%.
E-commerce logistics costs worldwide
- E-commerce logistics costs are increasing.
- E-commerce logistics costs are higher than retail logistics costs.
- E-commerce logistics costs are higher than retail logistics costs in the US and China, but not by much.
Cross-border e-commerce
Cross-border e-commerce is an important trend in the global logistics industry. Cross-border e-commerce refers to the import and export of goods from one country to another, which includes both consumer and business-to-business (B2B) transactions. As a result of the growth of cross-border e-commerce in recent years, it has become a significant challenge for many businesses because it requires them to account for taxes or duties on products imported into their countries or exported out again.
Consumer trends point to a rapidly changing global e-commerce landscape, as do the logistics issues associated with it.
The global e-commerce landscape is rapidly changing, with new technology and products revolutionising how consumers purchase goods. The growth in online sales has been rapid, with some estimates indicating that global e-commerce sales will reach $2.3 trillion by 2022. This compares to $1.7 trillion in 2019 and much lower levels during most of the last decade (see Figure 1). However, many analysts expect this trend to continue as more people use the internet for shopping—and retailers offer more products through their e-commerce platforms—as well as new technologies like artificial intelligence (AI) helping with logistics management processes such as fulfilment and inventory control. For more information on current consumer and marketing trends click here https://www.dhl.com/discover/en-my.
Conclusion
The e-commerce revolution is reshaping the way we live, work and shop. At the same time, the logistics of shipping products around the world have become a major source of cost, complexity and risk for companies trying to sell their wares online. The e-commerce market is growing rapidly, but it is still dominated by a few large players whose reach into traditional brick-and-mortar stores gives them an advantage over smaller merchants who lack this advantage. As technology continues to improve rapidly — especially with self-driving cars and drones on hand — we expect both consumer trends and new solutions will continue their rapid evolution in coming years.
