Cross-border e-commerce is expected to exceed 3 billion consumers and $300bn by 2018, but to seize this opportunity, retailers must formulate strategies that meet the needs of global shoppers.
Retailers and their suppliers are under more pressure than ever before to deliver more goods to more destinations faster.
To stay competitive, "retailers need to know where things are at all times so they can redirect shipments, rebalance inventories and respond to new demands on the fly," says Rich Becks, general manager, Industry Value Chains, E2open, which delivers cloud-based supply chain collaboration solutions.
Import cargo volume at the nation's major retail container ports has returned to normal levels following ratification of a new West Coast labor agreement, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
A Frost & Sullivan report finds that sales of RFID readers, tags and software to the retail sector will grow from $738m in 2014 to $5.409bn in 2020, reflecting a compound annual growth rate of 38.9 percent.
Import cargo volume at the nation's major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Through 2020, consumers in the interior regions of Brazil are expected to account for more than 45 percent of growth in the retail sector, or $60bn in new purchases. Yet few of the country's retailers are prepared to capitalize on this growth opportunity, largely because they've focused their efforts almost exclusively on Brazil's highly populated coastal cities, according to a report by The Boston Consulting Group and its Center for Consumer and Customer Insight entitled Capturing Retail Growth in Brazil's Rising Interior.
For the past decade, Mexico has been making quiet - but steady - economic progress. Overcoming a history of financial turbulence, the country has generated modest growth, maintained fiscal stability, and quickly recovered from the 2008-2009 global financial crisis. Mexico's gains, however, have yet to translate into the surge of consumer spending witnessed in several other big emerging markets. Indeed, despite an improving economy, roughly half of the Mexican households recently surveyed said that they plan to tighten their belts in the near future.
Ikea's recently announced wireless charging line of furniture is expected to jump-start a trend that will amount to 10 million sticks of high-tech furniture sold in just two years.