Cross-border ecommerce market expected to exceed US$2 Tn by 2026
The cross-border ecommerce market is expected to exceed US$2 Tn by 2026, with a CAGR of over 17% due to increasing consumer confidence in buying goods online from other countries. The companies they buy from are increasingly turning to their supply chain partners for cross-border ecommerce fulfilment support.
Freight forwarders can take advantage of the growth of international ecommerce if they can handle high-volume, B2C and B2B shipments, maintain shipment visibility and accessibility, and electronically manage all customs and security filings at the speed of ecommerce orders.