Shenzhen International Cross-border E-commerce Trade Fair 2019

2024 第三届深圳国际跨境电商交易博览会

2019.11.03

www.icbeexpo.com

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Industry News

Cross-Border E-commerce in 2024: Strategies for Steady Growth

2019-03-04 13:42:07


In 2024, cross-border e-commerce is set to continue its rapid growth. However, for cross-border e-commerce practitioners to maintain steady growth, they need to understand the following three key strategies. In recent years, foreign consumers have shown a rapidly increasing online demand for Chinese products that are high-quality, affordable, personalized, fashionable, and branded. With the rapid development of internet technology and global e-commerce platforms, notable improvements include the enhancement of payment systems, increased logistics efficiency, reduced costs, and a shift from offline to online trade. More consumers are now purchasing products and seeking services through cross-border e-commerce, ushering in an era of global consumerism. Here are the three key strategies:

1. Enhance Brand Awareness

Those in the cross-border e-commerce sector are aware that Amazon is particularly stringent about brand protection. Many sellers on Amazon create their own brands to ensure brand protection for their products. As sales gradually increase, consumers will develop a reliance on the brand. Once the brand gains recognition, sales will further increase, creating a positive cycle of brand effect. Therefore, cross-border e-commerce practitioners should focus on building their own brand.

2. Improve Product Quality

In the early days of cross-border e-commerce, many sellers were purely focused on selling products, leading to rough product quality and a lack of recognition for Chinese products, especially during the initial years of the industry's emergence. Products were mixed in quality. With the continuous development of the cross-border e-commerce industry and an increased awareness of service, sellers’ focus on product quality has also improved. Producing high-quality products is essential for establishing a foothold in the international market. Future cross-border e-commerce sellers must ensure their product quality to accelerate growth on their platforms.

3. Strengthen Localized Services

In the context of globalization, Chinese sellers entering the international market face significant localization challenges. Issues such as difficulty tracking cross-border packages, slow delivery, and challenging returns have become bottlenecks for cross-border e-commerce development.

The emergence of overseas warehouses has effectively addressed these barriers by finding a good balance between timeliness and logistics costs. Overseas warehouses ship directly from local sites, greatly shortening delivery times. Local courier services handle the final delivery stage, and sellers can contact warehouse staff to track package status throughout the shipping process. Return and exchange issues due to customer dissatisfaction or product damage are also becoming more common. If your cross-border business encounters such logistical issues, consulting professional logistics experts for solutions is recommended. In cases of returns or exchanges, products can be returned to the overseas warehouse, where staff can inspect the items. Salable items can be resold, and unsellable items can be returned to the home country. This approach localizes service and enhances the shopping experience for sellers.

Cross-border e-commerce is rapidly developing and has become a new highlight of economic growth. In the new economic normal, cross-border e-commerce faces both opportunities and challenges. To better seize the opportunities in cross-border e-commerce, industry efforts should be complemented by keeping pace with cross-border logistics trends and actively collaborating with overseas warehouses. Implementing local dispatches, responding quickly to orders, and accelerating product delivery and sales will help cross-border e-commerce integrate seamlessly into the international retail system. By focusing on these three strategies, you can continue to achieve success and drive the high development of cross-border e-commerce in 2024.