Description

As trade relations fold into complex models between major economic giants, the virtual portal of cross-border eCommerce is emerging as an interesting model. It holds the potential to both hasten and simplify cross-border trade between businesses and consumers. Globally, the cross-border eCommerce market has grown steadily from $120 billion in 2015 to approximately $400 billion in 2020 with no signs of abating. From diapers to cars, ranges of products are being made available across borders with exciting discounts, advanced shipping, and payment options. New technologies, such as blockchain, data analytics, and developments in Compute and Network bandwidth are enabling further innovation in the eCommerce space. Social media channels, such as Instagram and Facebook, are also leveling the playing field by enabling small and medium enterprises to find new consumers and compete with larger enterprises with established global retail networks and reach. This research provides an insightful view into this growing market, its regional spread, business models, logistics models, and key growth opportunities stemming from cross-border movement.

Author: Archana Devi Vidyasekar