Integrio Systems’ Post

Recently, data from the Media Banco website showed that Chile’s online retail industry will perform poorly in 2023 due to the global economic downturn, inflation and other factors. Overall, e-commerce sales in this market fell by 20.1% year-on-year in the past year, with the most obvious decline in online sales in the two categories of electronic products and furniture, which were 25.9% and 23.9% respectively.

Recently, data from the Media Banco website showed that Chile’s online retail industry will perform poorly in 2023 due to the global economic downturn, inflation and other factors. Overall, e-commerce sales in this market fell by 20.1% year-on-year in the past year, with the most obvious decline in online sales in the two categories of electronic products and furniture, which were 25.9% and 23.9% respectively.

The National Retail Federation projects that total U.S. import volume in 2024 will reach the historic levels seen in 2021 and 2022, driven by the pandemic-induced eCommerce boom. Read the full article here: https://lnkd.in/es7_jTW3

Everybody needs good neighbours – and it seems online deliveries are proving the point! A new survey in the UK has revealed that three-quarters of the public regularly take in parcels for their neighbours, a third believe doing so creates more of a community, and one in six say it has helped them meet new neighbours. This is further evidence of the benefits – and convenience – to be had from eCommerce. Which is very good news for online retailers. Nice to know that the parcels we ship and deliver all over the world for our eCommerce retail clients are helping to build communities. #dutyreclaim #duty #ecommerce #crossborder #internationalshipping #ocsworldwide #globaldeliveries #USAshipping #trade #neighbours

China’s Total Online Retail Sales Up 9.5% Year on Year in the First Seven Months In July, the total value added of China’s industrial enterprises above the designated size grew by 5.1 percent year on year, 0.2 percentage points lower than that of the previous month, or up by 0.35 percent month on month，data released by the National Bureau of Statistics of China (NBS) shows.   Meanwhile, the Index of Services Production grew by 4.8 percent year on year, 0.1 percentage points faster than that of the previous month. The total retail sales of consumer goods, reached 3,775.7 billion yuan, up by 2.7 percent year on year, 0.7 percentage points faster than that of the previous month, or up by 0.35 percent month on month. From Jan to July, total online retail sales amounts to 8378.4 billion yuan, indicating an increase of 9.5% year on year. The NBS stated that the national economy was generally stable, but caution against adverse impact brought by external environment.

The ecommerce sector in Europe brings only up to 15% of total retail sales. However, it already is a huge industry from the financial standpoint. The ecommerce sector has now become a significant portion of European GDP. In 2022 it demonstrated the revenue level of $631.9 billion. With the annual growth rate of 9.3% this region's ecommerce sector will demonstrate the revenue level of $902.3 billion by 2027. https://lnkd.in/d5BnKBkF

Tired of international cart abandonment? Improve checkout transparency. In the competitive world of e-commerce, reducing cart abandonment is crucial, especially when expanding your sales to new markets like Latin America. The pain point is clear: international customers are often deterred by hidden costs and complex checkout processes. Let Crossborderly help you succeed in Latin America. Visit www.crossborderly.com #Ecommerce #CrossBorderSales #CheckoutOptimization #ReduceCartAbandonment #GlobalBusiness #LatinAmericaMarket #MarketExpansion #OnlineShopping #CustomerExperience #PaymentSolutions #BusinessGrowth #Logistics #SupplyChain #DigitalCommerce #GlobalEconomy #BusinessStrategy #Export #Crossborderly #InternationalTrade #CustomerTrust #SalesBoost #RetailTech

So, I can walk across the street or do a 10-minute drive to buy a product and get it immediately. What will make me buy from an online vendor? 💪 Your price must be fairly comparable with what I can get on the street (no hidden commissions, etc) 💪 You must offer sufficient convenience to justify the delivery cost, which must be reasonable 💪 The delivery lead time MUST be decent and comparable to me picking it myself from across the street 💪 I must have sufficient selection on your platform to provide some product aggregation benefits 💪 You have to ship to me in the most hassle-free way possible i.e. 1 single delivery for multiple items, etc The above are why asset-light e-commerce is totally unworkable in a country where people live on a perpetual budget and cannot afford to wait for a plate of soup. Add in several layers of logistical inconveniences as well. 💎 From our experience, the ONLY model that works profitably for certain sectors is e-retail i.e. the platform has sufficient (20% < inventory <= 100%) inventory, doesn't need to charge an excessive commission because the margins are majorly retained in-house and the delivery lead times are negligible. Anything short of that is just a waste of time. The evidence already exists in Africa. Those who win are as close to the inventory as possible. Period! I am glad we now have investors who are betting on fulfilment centers. Asset-light will eventually die a natural death. Internet Schminternet (https://lnkd.in/gB-52Kv) I recorded some training videos (1-6) on ecommerce awareness and they are available for free on YouTube here - https://lnkd.in/db533Kp8

There is very little good news in the retail sector so far... Among Member States for which data are available, the highest monthly increases in the total retail trade volume were recorded: in Luxembourg (+7.6%), Romania (+3.8%) and Cyprus (+1.5%). The largest decreases were observed: in Estonia (-2.6%), Slovakia (-1.0%) and Latvia (-0.8%).