Views: 393 Author: Site Editor Publish Time: 2020-10-16 Origin: Site
The rapidly changing landscape of the e-commerce industry is really mixed. Although some of the new changes brought about each year may help sellers develop dropshipping ecommerce business, there are still some new challenges that general dropshipping stores may not be able to keep up with. However，no matter what challenges you face this year, the international e-commerce market is still expanding and the prospects are bright.
The market value is expected to reach $591.77 billion by 2027. This shows that the future e-commerce market does not show signs of decline.
As far as we know, the global dropshipping market is divided into five main regions: North America, Europe, Asia Pacific, MEA and SAM. In 2019, the Asia-Pacific region ranked first in the global dropshipping market with a revenue of more than 31.9%. With the increase in Internet penetration, consumers in the Asia-Pacific region are inclined to online shopping business.
There are many drop shipping business opportunities in China. Drop shipping is a cost-effective model for entrepreneurs to develop e-commerce business. Entrepreneurs can sell products online without having to carry inventory. These companies have to communicate with the major shopify dropshipping suppliers in the early stage to ensure that the popular dropshipping items will not be out of stock.
According to data from the China Internet Information Center, China's online retail sales exceeded $1.29 trillion in 2018. In China, everything can be found on the e-commerce platform, such as boutique clothing, global health and beauty products and personalized products. Moreovwer, China's logistics speed is super fast.
The COVID-19 is affecting every sector of the world. It is obvious that the global economy has suffered a severe blow in 2020, and the situation in 2021 is still not optimistic. As a result, the global dropshipping business and dropshipping business suppliers are disturbed. Moreover, Operational disruptions of delivery companies may negatively affect global companies including dropshipping stores.
Development Direction of Dropshipping
As we all know, the US e-commerce market is huge. But it is expected thatthe US market’s share of the global e-commerce market will decrease by 16.9% by 2020. One of the main reasons for the decline is the rise of globalization and the improvement of technology and infrastructure in non-Western regions.
The shift in the focus of the global e-commerce market means that companies need to adopt a more international approach to ensure the accessibility of their global business.
Now, e-commerce personalization refers to dynamically showing customers a special shopping experience that captures their personal preferences. This is achieved by analyzing the personal information of customers, which includes demographics, browsing behavior, shopping history and other data related to the customer's shopping journey.
There are many ways to personalize e-commerce. For example, you can create targeted shopping cart recommendations. once shoppers add items to their shopping carts, you can display related products that they might be interested in.