Surprisingly, Asian consumers far outstripped their U.S. counterparts in terms of expectations for placing late orders and still qualifying for fast delivery, according to a new global version of the UPS Pulse of the Online Shopper survey. See what other insights were gleaned from the study on preferences around the globe.
Broadening the aperture to expand into new markets is one of the best ways to grow your business and increase profits. The real challenge is fully optimizing the potential of cross-border ecommerce. For businesses currently offering a cross-border experience, it’s imperative to constantly be improving the experiences and thinking about what you can be doing better.
The gross merchandise value (GMV) of cross-border ecommerce is expected to grow at a healthy 25% per year through 2020, about twice the rate of the domestic market, according to a new report from DHL Express. The report also found that 20% of cross-border purchases were worth more than $200, again higher than domestic ecommerce. See what else the study found, including merchandise categories that are poised to grow.