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, let’s explore why people are choosing foreign retailers to make their purchases.
Reasons for Cross-border Ecommerce Sales
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
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.
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