At the start of 2020 we witnessed the equivalent of 10 years of ecommerce growth in the U.S. in only 90 days, according to a study by McKinsey. What does this mean for you and your ecommerce business? We believe that the toolbox and opportunities for ecommerce entrepreneurs have never been better, but competition has also never been more fierce. Here’s how you can stay ahead of your competitors and win the ecommerce race of 2021.
In today’s crowded ecommerce space, one way to stand out is to focus on the tried and tested methods that helped catapult Amazon to where it is today, and the trends that will not fade after the global pandemic: People’s desire for faster, smoother and more sustainable shipping.
Yet, how can you meet rising customer demands when borders are closed, fullfillment centres are operating at reduced capacity and there are simply less planes in the air? Produce locally. Not only is this better for the environment, but it reduces customer pains such as customs fees and long wait times that can ultimately lead to bad reviews. Here are some next steps:
60% of consumers rank free shipping as the top driver for making online purchases, according to a report by the Global Web Index. Many brands are taking note of this and implementing free-shipping thresholds within their online stores. There are no right or wrong answers here, and the prices you choose will depend on your commercial strategy, but here are some ways you can experiment:
According to the World Business Council for Sustainable Development, 75% of consumers say that they’re willing to pay more for “environmentally-friendly” products. Here is how you can stay ahead of the curve:
Set yourself up to win in 2021 by decentralising your supply chain so you can meet and exceed ever-growing consumer expectations while speeding up your production and delivery times, reduce carbon emissions and help support local businesses.
With more than 100 local production partners in 30 countries, and a wide and expanding range of products that can help drive your revenues, we are excited to help grow your business in 2021.
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