United States (USA) Country Report - B2CDirect - Strategic Business Analyst Unit - Your Cross-Border Solutions Expert - GOB2C
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Your Cross-Border Solutions Expert United States (USA) Country Report eCommerce & Cross-Border B2CDirect – Strategic Business Analyst Unit Innovation Driven 3rd Party Logistics and Cross-Border eCommerce Facilitator / 2018
EUR 10M+ 200.000+ 78+ Exports Value Managed by Total Count of Total of Countries B2CDirect Solutions Parcels Delivered Parcels Delivered MEET WITH 29 1M+ (TRY) 40 26% 20 B2CDirect Team Women Average R&D Team Total R&D Members Employees Age Members Investment Specifically Founded to Serve and Drive Innovation for The Needs of Developing Worldwide Cross-Border eCommerce & B2C Parcel Delivery Businesses. Proven Track Record in Logistics and eCommerce with 20+ Years of Total Experience and Practices Key Partners & Clients
Foreword Borderless, Limitless, Connected Embrace the new Global eCommerce. We’re more connected than ever been, businesses are borderless, consumers are limitless and things are just one click away. According to the Accenture’s The New Delivery Paradigm report, Global eCommerce growth will be over 25% while Domestic growth expected to be only 20%. Get ready! Global eCommerce is the biggest disruptive happening and changing the industry dynamics and consumer behaviors. This report is designed to assess the challenges and the opportunities for businesses which actively seek to expand their footprint worldwide, and what they need to do to succeed.
B2CDirect / Global eCommerce Intelligence Report / 2018 Topics mentioned in the presentation; 1.) USA Market Overview 2.) USA Some Brief Facts 3.) Population, Internet Users & Online Shoppers 4.) GDP & GDP Per Capita 5.) E-commerce & Cross Border E-commerce Statistics 6.) Popular E-commerce Sites & Social Media Platforms 7.) Top Online Retail Categories ( Domestic & Cross Border) 8.) Payment Methods For Online Shopping 9.) Customer Behaviors In Cross Border Online Shopping 10.) Opportunities & Threats
B2CDirect / Global eCommerce Intelligence Report / 2018 USA MARKET OVERVIEW ➢ America is the land of opportunity and a superpower in the world of online sales. It has the world’s largest economy and it’s a global leader when it comes to cross- border ecommerce exports and imports. It’s the birthplace of ecommerce giants, such as eBay and Amazon. ➢ Amazon is the dominant retail ecommerce platform in the U.S. and one of the country’s top five digital properties overall. ➢ The U.S. is comprised of savvy, internationally-minded consumers who are well- acquainted with online shopping. U.S. millennials (18-34 year olds) and females are most likely to buy digitally. ➢ Customer satisfaction and confidence levels are relatively high in the U.S., but so are customer expectations. To a large extent, the U.S. is similar to European marketplaces and European consumer behaviour. ➢ According to a Pew Research Center survey (2016), about 8 in 10 Americans are online shoppers. 79% have made an online purchase of some type. To compare, when Pew first asked about online shopping in 2000, only 22% of Americans had made a purchase online.
B2CDirect / Global eCommerce Intelligence Report / 2018 USA MARKET OVERVIEW ➢ Roughly 1 in 10 U.S. adults have shared their opinions about products or companies on social media. ➢ A majority of US online shoppers are very open to purchasing goods and services from international merchants, with 42% having done so, according to research carried out by Ipsos for Bronto Software in December 2016. ➢ Email marketing is still a key tool in marketing to the US consumer. Ensure the offer is valid and that priority is given to relevance ➢ The vast majority of U.S. consumers are more likely to make a purchase when free shipping is included. More than half of consumers, in turn, are more willing to buy products when there’s a possibility of free returns and exchanges.
B2CDirect / Global eCommerce Intelligence Report / 2018 USA SOME BRIEF FACTS Top 3 import destinations Top preferred online payment methods CHINA 14% UK 10% CANADA 7% Top 3 export destinations CANADA 16% MEXICO 14% CHINA 9.3%
B2CDirect / Global eCommerce Intelligence Report / 2018 POPULATION, INTERNET USERS & ONLINE SHOPPERS 313,6 316 318,3 320,7 323,1 325,5 GDP GDP Per Capita Year 249,7 267,1 279,1 283,7 286,9 287 ( Trilyon USD ) ( USD ) 2012 16,16 51,4 2013 16,69 52,74 2014 17,43 54,67 2015 18,12 56,44 2016 18,62 57,61 2017 19,36 59,5 2012 2013 2014 2015 2016 2017 Population Online Population (Million) (Million)
B2CDirect / Global eCommerce Intelligence Report / 2018 POPULATION, INTERNET USERS & ONLINE SHOPPERS Number Of Online Shoppers In Usa Number Of Mobile Shoppers In The United States (In Millions) From 2013 To 2018 (In Millions) 223.7 230 198.8 188.4 204 210.2 216.9 177.4 191 197.6 166.2 145.9 122.9 2015 2016 2017(f) 2018(f) 2019(f) 2020(f) 2021(f) 2013 2014 2015 2016 2017 2018
B2CDirect / Global eCommerce Intelligence Report / 2018 E-COMMERCE & CROSS BORDER E-COMMERCE STATS E-commerce Activities In Past 30 Days Made an online purchase via a mobile Number of people E-commerce device 33% purchasing via penetration e-commerce Made an online purchase via a laptop 197.6 or dekstop 57% 61% Million Purchased a product or service online 67% Total value of Average annual national e-commerce e-commerce revenue market in 2016 per user ın 2016 Visited an online retail store 79% $ 322.2 $ 1,630 Searched online for a product or Billion service to buy 75%
B2CDirect / Global eCommerce Intelligence Report / 2018 E-COMMERCE & CROSS BORDER E-COMMERCE STATS Ecommerce Sales Average Spending Per E-Shopper 2012 – 2017(f) (Dollars, Billions) 2014-2017(f), USD 2.209 $438 2.098 $399 1.888 1.752 $339 $298 $260 $230 2012 2013 2014 2015 2016 2017(f) 2014 2015 2016 2017(f)
B2CDirect / Global eCommerce Intelligence Report / 2018 E-COMMERCE & CROSS BORDER E-COMMERCE STATS The U.S. is one of the largest cross-border B2C ecommerce markets when it comes to both exports and imports. The most intensive B2C ecommerce trade between the U.S. and the UK is the result of the common linguistic background. A popular destination for online shopping is also China. More than a half of online sellers in the States sell to international online shoppers, often focusing on those based in Europe.
B2CDirect / Global eCommerce Intelligence Report / 2018 POPULAR E-COMMERCE SITES & SOCIAL MEDIA Top 10 US Retail Websites Most Popular Mobile Shopping Apps By Reach By Unique Monthly Visitors July 2017 Amazon 41.5% Walmart 18.8% Groupon 15.5% eBay 13.8% shopkick 12.30% Checkout 51 10.8% Most Popular Online Stores letgo 7.4% By Net E-commerce Sales, 2016 Wish 7.4% Walgreens 6.5% Net E-commerce Sales Online Store OfferUp (million USD) 4.5% Amazon.com $46372.14 Kroger 4.5% Walmart.com $11432.69 Target 4% Target.com $3253.82
B2CDirect / Global eCommerce Intelligence Report / 2018 POPULAR E-COMMERCE SITES & SOCIAL MEDIA Most Active Social Media Platforms Number Of Social Media Users In Millions 2017 2014-2020 72% 72% 202.8 199.4 195.3 190.7 185.6 39% 38% 180 35% 29% 173.6 27% 18% FACEBOOK YOUTUBE TWITTER INSTAGRAM PINTEREST GOOGLE+ LINKEDIN TUMBLR 2014 2015 2016(f) 2017(f) 2018(f) 2019(f) 2020(f)
B2CDirect / Global eCommerce Intelligence Report / 2018 TOP ONLINE RETAIL CATEGORIES (DOMESTIC & CROSS BORDER) Leading Product Categories Bought Online Among Internet Users In The USA By Gender 57% Clothing or shoes 39% 46% Beauty/personal care products 22% 30% Food items According to Statista, leading product 37% 22% categories purchased online among Nonfood household care products users in the U.S. include (as of June 21% 17% 2016, for both males and females): Consumer electronics ➢ Clothing or shoes 25% 23% ➢ Food items Petcare products 15% ➢ Beauty / personal care products. 10% Babycare products 7% 73% Any of these 63% 27% None of these 37% Female Male
B2CDirect / Global eCommerce Intelligence Report / 2018 TOP ONLINE RETAIL CATEGORIES (CROSS BORDER) What Do Americans Like To Purchase From Abroad? The top 10 categories on the basis of thousands of international transactions on eBay (the data comes from the first half of 2017).
B2CDirect / Global eCommerce Intelligence Report / 2018 PAYMENT METHODS FOR ONLINE SHOPPING Top Online Payment Methods In Percentage Of Total Online Purchases ➢ The US payments market is dominated by cards. Together, credit, debit, prepaid and charge cards represent around 72% of all online payments in 4% 4% the US. 5% ➢ Visa is the card payments market leader with just 7% over 50%, followed by MasterCard (~25%) and 38% American Express (~15%). 15% ➢ Still, eWallets are on the rise, riding on the back of growing mobile commerce. PayPal is still the most popular eWallet, but is threatened by new digital 27% wallets, such as Apple Pay, Google Wallet and Android Pay. Credit Cards Debit Cards eWallet (Paypal, Google Wallet, Apple Pay) Bank Transfers Pre-paid Cash on Delivery Others
B2CDirect / Global eCommerce Intelligence Report / 2018 CUSTOMER BEHAVIORS IN CROSS BORDER ONLINE SHOPPING REASONS FOR NOT BUYING ABROAD MOTIVATIONS FOR BUYING ABROAD Reasons why US e-shoppers are hesitant Reasons why US e-shoppers buy cross-border to buy cross-border Not trusting foreign sites 23% Trustworthiness 11% Broader range of products 12% Assuming delivery takes longer 24% Better quality 13% Assuming returning is 25% difficult/costly Better conditions 21% Never occured 28% Better availability 29% Own country meet my needs 38% Appealing offer 30%
B2CDirect / Global eCommerce Intelligence Report / 2018 OPPORTUNITIES & THREATS ➢ First, America speaks English: the world’s second most popular language and the most popular language online. This gives you access to millions of buyers from the U.S. and beyond. ➢ The second benefit of selling your product in the U.S. has to do with the size and maturity of the market. This translates into access to a very, very large number of online shoppers. Further benefits include online savvy consumers, well-developed infrastructure and an advanced payment culture. ➢ Third, technology adoption is quick among the U.S. population, which gives online sellers a large number of marketing and communication opportunities, e.g. via social media or apps. ➢ Finally, consider the strength of the U.S. as a country and the notion of the U.S. ecommerce superpower. Many foreign businesses simply can’t help but target and keep the U.S. in their country portfolio. The market’s sales potential and its leading position seem to outweigh the initial burden of barriers to entry. ➢ The US population is relatively young. In general, younger people shop online more often.
B2CDirect / Global eCommerce Intelligence Report / 2018 OPPORTUNITIES & THREATS ➢ First, after entering the U.S. market, which is pretty challenging in itself, you must face the challenges of strong domestic competition, changing demographics, rapidly transforming technology and high consumer expectations. ➢ Second, taxes in the U.S. are an exceptionally complex topic with many different state and local sales taxes. Some online retailers don’t show the tax owed until the buyer reaches the checkout page. This move, however, may be very risky as a lot of consumers may, seeing unexpected extra charges, abandon the shopping cart. ➢ Third, when it comes to the U.S. infrastructure, challenges relate to the country size, the variety of landscape and the uneven concentration of population. Logistics challenges may especially affect smaller and mid- sized merchants. They may not have appropriate resources or may not be able to compete without becoming part of a larger distribution organization. ➢ Fourth, let’s consider the payments ecosystem and security, e.g. credit card authorizations. It’s vital to be able to detect scammers and fraudulent cards. To lower the risk, sellers can require AVS (Address Verification System) on all transactions. This move, however, can make it impossible for buyers to purchase goods from outside of the U.S. if their regions are automatically rejected. ➢ The e-commerce revenue growth rate is steadily declining and stabilizing.
Your Cross-Border Solutions Expert Thank You Contact Our Experts For More Information; sales@b2cdirect.com
You can also read