That figure is estimated to grow over the next few years, showing that borderless ecommerce is becoming a profitable option for online retailers. The global ecommerce market is expected to total $5.7 trillion in 2022. For now, the big idea is simple: the shadow of global ecommerce looms too large to ignore. We’ll unpack that quote, and more, below. Traditional pillars of open markets-the United States and the UK-are wobbling, and China is positioning itself as globalization’s staunchest defender.” The myth of a borderless world has come crashing down. Quicker building of international presenceĪs Harvard Business Review reported: “Business leaders are scrambling to adjust to a world few imagined possible just a year ago.The advantages of international ecommerce are: If your company is staring down that $5.7 trillion barrel and wondering, “Where do we begin?” rest assured, you’re not alone. They’re at once invigorating and daunting. Numbers of that scale are hard to wrap our heads around. The same chart also forecasts declines in growth over the next few years will be minimal. Recently updated forecasts anticipate a decline in growth of just a 9.7% increase in 2022 for worldwide ecommerce sales over the most recently tracked period. Products or services are sold into non-native markets via online sales and marketing. What is global ecommerce?įirst things first: global ecommerce is the selling of products or services across geopolitical borders from a company’s country of origin, normally defined as its founding or incorporating location. Unsubscribe any time by clicking the link in our emails. By submitting this form, you agree to receive promotional messages from Shopify.
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