Unlocking retail opportunities in Asia, North America, and Europe
Expanding your retail brand internationally can be a game-changer. Statista found that the average order value of an international sale is $121 USD. That’s $9 more than the average domestic sale.?
Selling beyond your borders can significantly contribute to your business growth, even if you only ship certain products internationally.? The International Trade Administration notes that retail consumer goods e-commerce had an 18% share of the total global retail sales for 2020, and is forecast to have over a 1% annual growth rate, achieving a nearly 22% share of total global retail sales by 2024. Additionally, global ecommerce revenue is projected to reach USD $8.1 trillion by 2026.
I know that all sounds exciting, but, before you go out guns blazing, it's essential to address the logistical aspects of this expansion. One essential partner that can make this transition journey smoother is a reliable logistics company that not only streamlines your overseas shipping but also helps you understand and navigate new markets.
AMS eGroup is here to help you navigate the uncharted waters of international shipping. Here are 7 areas I always help businesses think through before expanding their retail brand into Asia, North America, and Europe:
Ease of shipping overseas
Simplify the complexities of shipping internationally. From customs documentation to efficient logistics routes, it’s important these aspects are all thoroughly considered during the shipping process. Australia ranks eleventh worldwide for e-commerce sales, which are expected to reach AUD $32.3 billion by 2024. By utilising an experienced logistics partner like AMS eGroup, we’re able to leverage our established networks to ensure reliable and timely deliveries to Asia, North America, and Europe.
Expansion into new audiences
Tailor your marketing and product offerings to resonate with the cultural and economic nuances of each target market. An Australia Post survey indicated that 63% of Australian retailers now send parcels internationally, up from 54% in early 2022. AMS eGroup’s global presence and local knowledge can help you navigate the unique preferences and buying behaviours of customers in these regions.
Increasing customer opportunity
Reach a broader customer base by tapping into the vast consumer markets of the UK, US, and various Asian countries. AMS eGroup can help you explore growth opportunities and customer segments within these regions. Think about improving the customer delivery experience and obtaining the best shipping rates for your business.?
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Managing duties, taxes, and import costs
This point is often one of the biggest hindrances for businesses looking to ship internationally. Be sure you’re aware of duties, taxes and import costs. AMS eGroup's comprehensive services cover all aspects of international trade, including handling duties, taxes, and import costs. This transparency and efficiency can prevent unexpected financial burdens and delays.
Understanding new markets (UK, US, Asia)
Conduct thorough market research to identify the unique regulations, consumer behaviours, and competitive landscapes in the UK, US, and Asian markets. Rely on AMS eGroup’s experience to interpret market insights and adapt your strategies accordingly.
Building trust with a reliable logistics partner
Trust in your logistics provider is crucial for seamless international expansion. You don’t want to be calling your partnering company to follow up on a parcel, only to be put on hold for hours on end. Partnering with AMS eGroup ensures you have a trusted ally in your corner, capable of fulfilling their promises and offering proactive solutions.?
Flexibility and forward-thinking
Stay agile by adapting your strategies to the dynamic nature of different markets. AMS eGroup can provide insights into emerging trends and market shifts, helping you stay ahead of the competition.
We can open doors to the vast and lucrative markets in Asia, North America, and Europe. By leveraging our expertise and embracing a customer-centric approach, you can efficiently expand your business, improve the delivery experience, and lower shipping costs.?
The key to success lies in understanding each market's unique demands and having a logistics partner you can rely on to navigate these challenges effectively. AMS eGroup is your trusted partner for global growth and competitiveness.
Ready to scale your retail brand with reliable logistics? Expand borders with ease and ship with confidence. Contact us at [email protected] .?