Go Global Webinar Series - Growing Your Global eCommerce Sales - Census Bureau
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Growing Your Global eCommerce World Trade Month Sales Go Global Webinar Series Webinar #2: May 27, 2021
Go Global Webinar Series We are here to help you Go Global. Learn about the logistics of growing global eCommerce including tips for handling payment and shipping in the electronic environment. The session will also include Federal support programs for all your export needs. Brought to you by your federal trade partners: • U.S. Small Business Administration • Export-Import Bank of the United States • U.S. Census Bureau • U.S. Commercial Service Access more international trade resources on www.trade.gov/export-solutions.
Growing Your Global eCommerce Sales Wendy Peebles Lead Outreach Coordinator U.S. Census Bureau GO GLOBAL Webinar Series
KEY TAKEAWAYS Growing Your Global eCommerce Sales Actionable Insight on Shipment & Payment in a Virtual Environment How can the Federal Government help you grow your global business?
AGENDA Growing Your Global eCommerce Sales I. Introduction to Common Logistics Questions/Issues- James Bledsoe, U.S. Department of Commerce II. Key Insights on Shipment & Payment in a Virtual Environment – Tawnee Steinke, Zonos, Inc. III. Next Level Resources for Expanding Sales- Federal Programs o Department of Commerce- James Bledsoe, Director, eCommerce Innovation Lab o Small Business Administration- Michele Schimpp, Acting Associate Administrator for International Trade o EXIM Bank- Steve Maroon, Director of Marketing o U.S. Census Bureau- Wendy Peebles, Lead Outreach Coordinator IV. Q&A – Moderated by Steve Maroon, EXIM
Introduction to Common Logistics Questions/Issues James Bledsoe Director, eCommerce Innovation Lab U.S. Commercial Service GO GLOBAL Webinar Series
Top eCommerce Business Issues We Can Help With 1. Lack of Business Digital Strategy & Knowhow • Solutions: CS Digital Strategy Counselling 2. Lack of eCommerce Service Provider Awareness • Solution: eCommerce Business Service Provider Referral 3. Help identifying non-tariff barriers • Solution: Traditional Counselling 4. Shipping/Logistics Costs • Solution: Traditional Counselling 5. Online Payment Solutions • Solution: eCommerce Business Service Provider Referral Source: Statista, eCommerce Worldwide Study
Tawnee Steinke Director of Global Partnerships tawnee@zonos.com Tawnee is head of Global Partnerships at Zonos overseeing the Business Development department. In her role, she is responsible for helping to grow and expand the company by helping online merchants to convert international shoppers into lifelong customers. Being a small business owner herself with a focus on eCommerce she understands the difficulties and rewards of online business. Learning to navigate international ecommerce with Zonos for over 6 years has helped her to be successful in opening new markets and adding growth to the company. Customer experience has been an important part of her career and will continue to adapt to the changing times. © 2021 All rights reserved
International Trends. Ecommerce is growing Negative buyer experience 22% in 2020! Up from 300bn in 2015! 20% of all shipments are being stopped at the border 1 81% of people had a bad delivery Global ecommerce reached experience in 2020 2 58% will stop buying from a retailer after a bad experience $4.5tn of ecom will be cross- 3 fd border by 2022 1. DPD and ParcelHero independent quotes. 2021 2. Metapack eCommerce Benchmark Report, 2020 3. BigCommerce, “Shipping, Delivered - Best Practices and expectations 2020 © 2021 All rights reserved
Localized Website Shipping Simple Google search, no language barriers, and Customers are looking typically for free or flat rate easy to use address fields shipping The US Imagecustomers placeholder graph or image goes online buying here Payments No Surprises experience You know the exact cost, with fast easy options Receive your product quickly and have a for payments happy customer © 2021 All rights reserved
The international buying experience for shoppers Shipping costs Delivery Duties & taxes Shipping costs are unclear Vague delivery expectations Collection of duties and with limited options taxes after the order upon delivery Payment fees Exchange rate Bad experience Additional fees for an Foreign exchange rate is Nothing but surprises in a international credit card, not a unknown difficult situation lot of options © 2021 All rights © 2021 reserved All rights reserved
Complicated conversion Higher abandon rate without Multiple languages More questions manually The localized experience touching orders in other languages international buying experience Multiple currencies Difficult process for Lorem ipsum dolor sit amet, consectetur adipiscing elit, Lorem ipsum dolor sit amet, consectetur adipiscing elit, merchants © 2021 All rights reserved
Shoppers may abandon merchants as well as carts https://www.canadapost.ca/blogs/business/ecommerce/conversion-and- abandonment-the-ingredients-you-need-to-maximize-your-checkout-experience/ © 2021 All rights reserved
In the past year international fraud has increased by 46% *transunion Strict rules for Retailers restrict high Technologies not setup international fraud risk countries for international Payment companies have Online retailers will shut Address verification is difficult stricter rules about the types countries off that have a higher with international orders of orders they will accept with percentage of fraud international orders, © 2021 All rights reserved
Total Landed Cost Image © 2021 All rights reserved
Brexit, UK VAT and EU VAT The New Rules Effect ● Brexit - EU/ UK customs clearances ● EU ‘doubling-down’ on transport disruption ● UK VAT - mandatory HMRC registration for low-value goods ● “53% of cost is in the final mile of delivery” -BI Intelligence ● EU VAT - €22 de minimis removal ● Customs Delays resulting in bad delivery experiences ● Introduction of IOSS and end of distance selling thresholds ● Increased Merchant Responsibility ● Market places deemed supplier 81% of consumers had a bad 59% of consumers blame the delivery experience last year! carrier! © 2021 All rights reserved
https://docs.zonos.com/guides Zonos guides for cross border © 2021 All rights reserved
Zonos Hello Zonos Hello Free Duty & Tax Quotes for Set International customers Shoppers expectations The first step in improving the international buying experience. Plugins Shoppers get estimates duties and taxes as they add items to their cart JS JSsites and For custom other platforms For custom sites and other platforms © 2021 All rights reserved
Next Level Federal Resources James Bledsoe Michele Schimpp Director, eCommerce Acting Associate Administrator for Innovation Lab International Trade U.S. Commercial Service U.S. Small Business Administration Wendy Peebles Stephen Maroon Lead Outreach Director of Digital Marketing Coordinator Export-Import Bank of the U.S. U.S. Census
Next Level Federal Resources- DOC James Bledsoe Director, eCommerce Innovation Lab U.S. Commercial Service GO GLOBAL Webinar Series
The world is open for your business. Our global network of experienced trade professionals is located throughout the United States and in U.S. Embassies and Consulates worldwide. Whether you’re looking to make your first export sale or expand to additional markets, we offer the expertise you need to connect with lucrative opportunities and increase your bottom line. Let our global network work for you. Our Services Worldwide Recognition As the U.S. government, we can open doors that no one else Export Counseling can in markets around the world. • Develop effective market entry and sales strategies. • Understand export documentation requirements and import regulations of foreign markets. Global Network • Navigate U.S. government export controls, compliance and trade financing options. Our unmatched global network with trade experts in more than 80 countries can provide you with on-the-ground Market Intelligence knowledge and connections. • Analyze market potential and foreign competitors. • Obtain useful information on best prospects, financing, laws, and cultural issues. Results Driven • Conduct background checks on potential buyers and distributors. Our expert, in-person counseling is unparalleled and designed to help you succeed in global markets. Business Matchmaking • Connect with pre-screened potential partners. • Promote your product or service to prospective buyers at trade events worldwide. • Meet with international industry and government decision makers in your target markets. Commercial Diplomacy • Overcome trade obstacles to successfully enter international markets. • Benefit from coordinated U.S. government engagement with foreign governments to protect U.S. business interests.
We are where you are, and where you want to be Light green - Open Office(virtual services with limited delays) Grey - Vacant / Unstaffed Yellow - Open (virtual services with significant delays) White - Other / No data Red – Closed
Resources- Online Market Research Trade.gov/eCommerce Explore eCommerce Resources U.S. Department of Commerce | International Trade Administration | U.S. Commercial Service
Next Level Federal Resources- SBA Michel Schimpp Acting Associate Administrator for International Trade SBA Office of International Trade GO GLOBAL Webinar Series
The SBA Can Keep You Competitive Business Intelligence Grants to Reach Financing for Your for Changing Times International Buyers International & Supply Chain Sales Get advice on exploring See if your state/territory Contact your local export export markets at offers grants at finance manager at sba.gov/tradetools sba.gov/international sba.gov/international
SBA’s Trade Tools for International Sales One-Stop Website for Information on Exporting and Importing for Small Businesses. Learn about: • Developing an export plan • Federal and local resources available to help small businesses • Identifying markets, including information about U.S. trade agreements, such as USMCA, and the opportunities created for small businesses. • Laws and Regulations that impact trade, including customs, tariffs, intellectual property, and e-commerce. Want to learn more? • Visit www.sba.gov/tradetools. • Information is available in English and Spanish. 28
Business Intelligence for Changing Times SBA’s Fast Track Service • Meet privately with SBA senior trade and technical staff to discuss unique needs • Quickly access to accurate information, guidance on eligibility requirements • Receive introductions and professional referrals to Federal, State or local resource partners How to Schedule Fast Track Service and SBA’s International Trade Hotline? • Call SBA toll free at (855) 722-4877 or send an email to international@sba.gov 29
Grants to Help You Reach International Buyers The State Trade Expansion Program or STEP provides grants to U.S. states/territories to help small businesses to go international. • Eligible Uses of Funds include: − Training workshops − In-person and Virtual trade missions − Services to support foreign market entry − International Partner Search − Website optimization for global sales − Translate websites to attract foreign buyers − Designing marketing media and more Visit sba.gov/STEP to find out if your state/territory is participating in STEP.
Overcome Financing Challenges SBA can work with your lender to help you overcome financing challenges such as: • Canceled or reduced buyer credit insurance coverage • Reduction in lines of credit or working capital financing • Demand by foreign buyers for performance guarantees on advanced payments • Supply chain issues: extended payment terms from OEMs
Financing Your International & Supply Chain Sales Loan options for direct and indirect exporters (i.e. supply chain): • Export Express for business development − $500,000 limit • Export Working Capital to fulfill your international & supply chain orders − $5 million limit • International Trade Loan for expanding your production capacity, re-financing debt, and reshoring − $5 million limit Export Finance Managers at www.sba.gov/international
Get International Trade Support From SBA • For assistance with trade barriers and SBA Fast Track Service call SBA toll free (855) 722-4877 or Email international@sba.gov • For a list of State Trade Expansion Program (STEP) with grants visit www.sba.gov/STEP • For export finance questions and help navigating SBA resources, locate and connect with one of our Export Finance Managers at www.sba.gov/international • Explore Opportunities at www.sba.gov/tradetools (Spanish version available.) • Stay Informed with SBA’s OIT’s Newsletter and Webinars: sba.gov/newsroom
Next Level Federal Resources- EXIM Stephen Maroon Director of Marketing Export-Import Bank of the United States GO GLOBAL Webinar Series
Export-Import Bank of the United States (EXIM) EXIM’s Products Help U.S. Companies Grow Sales • Export Credit Insurance • Allows exporters to protect against buyer nonpayment • Enables exporter to extend open account credit terms to buyers • Medium- and Long-Term Insurance and Loan Guarantee • Assists international buyers in obtaining lender loans to purchase U.S. capital goods and services. • Typically one to seven year terms and longer for large projects, aircraft, etc.
Next Level Federal Resources- Census Wendy Peebles Lead Outreach Coordinator U.S. Census Bureau GO GLOBAL Webinar Series
Census Resources • Census COVID-19 Data Hub • Census Business Builder • Global Market Finder 37
Census Resources • Schedule B Search Engine • Webinars and Training • International Trade API 38
Contact Information • International Trade Help Line 800-549-0595 • Automated Export System, Option 1 • Schedule B Commodity Classification, Option 2 • Foreign Trade Regulations and Export Filing Requirements, Option 3 • Trade Data Productions, Option 4 • Outreach Activities, Option 5 Census Academy www.census.gov/academy 39
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