Today’s Global Business to Consumer eCommerce sales has witnessed a sharp growth over the last few years. According to research, Retail eCommerce sales is projected to increase to $4.058 trillion in 2020, making up 14.6% of total retail spending worldwide that year.
With surging demand, Global brands & products are increasingly featuring in both offline shelves and online catalogs. eCommerce is gradually moving towards transforming the world as a unified market “In-store Global. Online Local”. Cross-border sales will take an increasing share of online commerce, rising from 12% in 2015 to 15% in 2021. Global B2C cross-border e-commerce is set to double over the next five years to reach $424 billion by 2021.
The growth in internet retailing has created multiple new revenue streams for the eCommerce ecosystem.
To make customers happy, the companies (Online & Offline Retailers, CPGs, Sellers, and 3PLs) are undertaking several activities. Some of these activities include collaborating with partners (marketplaces, retailers, 3PLs, etc.), selling on multiple channels (their web-stores, mobile apps, retail stores, call center, etc.) and cross-border fulfillment. However, each activity has its unique set of challenges and benefits.
To delve deeper into these strategies and major challenges, Vinculum is hosting a webinar “Best practices for growing your eCommerce business in Southeast Asia” on 10th February, 3 PM to 4 PM SGT. The all-star panel comprises of Jesrina Arshad (Co-Founder & CEO, PurelyB), Jojo Anonuevo (Chief Digital Officer, LBC Express), Krishnan Menon (Co-Founder & CEO, Fabelio) and Venkat Nott (Founder, CEO, Vinculum Group).
Key takeaways of the webinar:
Reserve your seat and catch the action live as an informative, insightful and candid discussion where the panelists will examine key trends in the industry and offer strategic insights into how to grow your business.