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Learn from big three’s domination of cross-border e-commerce or die?

Another important report from yStats.com on global cross-border B2C e-commerce 2017 found that:

  • More than 50% of global online shoppers buy from e-commerce sellers in other countries.  Their primary motivation is to find better prices, but also to reach products of a better quality or items not available in their own country. Clothes, consumer electronics, books and other media products rank as the categories with highest demand in global cross-border e-commerce.
  • Delivery and shipping costs are the main concern preventing more online shoppers from making purchases from out-of-country sellers
  • When it comes to choosing payment methods, cross-border online shoppers consider service fees and purchase value and tend to use credit card and e-wallets more than other payment means.
  • Countries such as the USA, China, and the UK are the top destinations for cross-border online shoppers. 
  • In the large e-commerce marketplaces, nearly two-thirds of cross-border online shoppers made their latest international purchase from Amazon, eBay, AliExpress or Alibaba.
    • Source & Copyright©2017 - yStats.com

The impact and the questions

The domination of the big three e-commerce players is growing, many companies could end up being suppliers Amazon, ebay and Alibaba who then sell their goods direct to consumers. This raises important questions for small and large corporates worldwide:

  • Is this OK? What income, independence and flexibility will you lose?
  • What is your vision, your plan for e-commerce? Independent?? Etc.
  • How many payment system options are you going to have to offer to be competitive?

CTMfile take: The excellence and increasing domination of the big three in e-commerce is both an opportunity and a threat. Which is it for your company and why?

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