In the ever-growing world of global trade, cross-border e-commerce has become one of the largest and fastest-growing industries. With over 33% of the world’s population shopping online, it is rapidly becoming a consumer favorite.
So, what is in sight for the future of e-commerce? Let’s explore the direction e-commerce is taking and learn about how having a logistics partner like EP Logistics helps businesses stay ready, optimize their supply chain, and facilitate operations management through services like customs brokerage, warehousing, and global shipping solutions.
Cross-Border E-commerce Growth and Its impact on global trade
With the advancement in technologies that help us stay connected and narrow distances and locations, e-commerce has redefined global electronic commerce, letting consumers buy worldwide products easily.
E-commerce is now a $6 trillion industry and will reach the $8 trillion mark by 2027, which will significantly influence international trade and the demand panorama.
The future of e-commerce is continuously growing, but cross-border e-commerce can be easily conquered through Personalized Marketing and sustainable practices.
With more international trade opportunities than ever, companies need to ensure their operations and logistics processes are efficient and fast, leverage the use of technologies, and stay updated on the latest e-commerce trends to stay competitive.
EP Logistics’ Role in Cross-Border E-commerce
At EP Logistics, we specialize in supporting e-commerce businesses by providing them with top e-commerce fulfillment services, expert customs brokerage, and customizable warehousing solutions.
We also support standard international trade classification and make compliance with international standards easier.
Our goal is to ensure your products are delivered globally with our strategically located warehouses, and that your deliveries and transportation are always reliable and on time.
Impact on Global Supply Chains
E-commerce consumers nowadays have higher expectations about the delivery of their products. It is a fast-paced industry where customer satisfaction and reducing returns is key.
Companies dealing with Cross-border e-commerce must keep an efficient supply chain at all times.
Businesses Expanding Marketplaces must use diverse shipping routes, implement technologies for inventory management and inventory tracking, and pay close attention to customs regulations.
As your 3PL, EP Logistics offers you strategic warehousing locations and real-time tracking for your company to stay ahead and meet international delivery standards.
We also offer efficient e-commerce fulfillment services, to help you handle every process from the moment an order is placed, and until your product reaches your client’s doorstep.
5 Key trends driving the future of e-commerce
1. Demand for Faster and Reliable Global Shipping
As big e-commerce companies continue to expand and grow, they have also raised the bar for shipping and delivery expectations, quality control, and customer service among consumers.
97% of online consumers consider same-day delivery to be “fast,” while 95% believe that next-day delivery is also acceptable. The average consumer is willing to wait 2.15 days for delivery.
These expectations create the need for businesses to invest in fast and reliable logistics solutions.
Our road freight and airfreight solutions at EP Logistics, ensure your company is able to meet these demands, ensuring the smooth transport of your goods, reducing transit times, and costs, and improving customer satisfaction.
2. Growth in E-Commerce Fulfillment and Distributed Warehousing
Companies that distribute warehousing report up to a 20% reduction in shipping costs. This is because distributed warehousing brings goods closer to key markets.
EP Logistics offers warehousing solutions located across the U.S. and Mexico, giving your business access to faster and more affordable cross-border fulfillment.
If you’d like to learn more about the specifics of fulfillment and how it helps you boost your profit, see our What is e-commerce fulfillment article.
3. Enhanced Customs Brokerage for Seamless Cross-Border Transactions
We can’t talk about global commerce without mentioning Customs and borders. If your business is dealing with international trade, it is important to be familiar with all the rules and regulations of each country you work with.
Working with expert customs brokers from EP Logistics ensures moving your goods across borders is professionally handled by licensed professionals.
Our customs brokerage services ensure your shipment stays compliant with customs requirements at all times, preventing delays and avoiding penalties and unnecessary fees.
Customs brokerage can help you significantly enhance delivery times. Explore more about delivery and logistics of shipping and customs here: How does freight logistics work?
4. Rising Importance of Sustainable and Eco-Friendly E-Commerce
Consumers today are becoming more and more aware of the environmental impact of their shopping behavior, the companies and brands they choose, and the environmental ethics of such. In fact, 52% of shoppers choose brands committed to sustainability over others.
This is why as a socialite-responsible company, at EP Logistics we support eco-friendly practices. Through optimized route planning and green logistics, we aim to reduce fuel consumption to protect the environment.
5. Increased Use of Advanced Technology in E-Commerce Logistics
Another global trend happening in all industries globally is the use of Artificial Intelligence (AI), IoT, and predictive analytics.
This has a huge impact on logistics. In the German Bitkom study “Digitalization in logistics”, about 58% of companies expect AI to become widely used in logistics tasks, such as route planning or avoiding empty runs.
Technologies like Omnichannel Experience, Frictionless Payments, Buy Now, Pay Later (BNPL) and Invisible Payments are used to enhance consumer’s shopping experience, while other automated technologies help speed up and optimize order fulfillment and increase customer satisfaction.
Read more about an example of this, with our article Reduce e-commerce cart abandonment.
With EP Logistics’ solutions, you have access to real-time tracking technologies and advanced warehouse management systems to allow you to have full control and visibility of your supply chain at all times.
The Role of EP Logistics in Supporting Cross-Border E-commerce Growth
With many years of experience in the field, EP Logistics knows that international commerce brings its own challenges along with its great benefits.
We are committed to easing the management of all your logistics operations to ensure a smooth and pleasant experience when dealing with transportation, e-commerce fulfillment, and moving your goods across borders.
Comprehensive Cross-Border Services
Because not one size fits all, our range of services including warehousing, customs brokerage, and international shipping options like air freight, road freight, and ocean freight can be tailored to your business’s specific needs.
With over 20 years of experience, EP Logistics helps you easily handle global shipping, ensuring reliability, efficiency, and customer satisfaction. Learn more about our solutions, and let EP Logistics, help you stay ahead of competitors in the global marketplace.
