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China is already a global force in e-commerce and digital technology, but it’s not too late for retailers to get into the game and win big. According to eMarketer, 24 percent of China’s digital shoppers will make a cross-border purchase this year, lifting the market’s value by 15 percent year over year to $115.5 billion. Cross-border shopping is becoming a way of life for Chinese consumers who put high value on securing brand-name and luxury items directly from the manufacturer. Here are a few that address why retailers should focus on China for global e-commerce growth
The Meatless Farm Co. , a British start-up food company, is expanding nationally across the UK with the launch of a vegan mince product and a vegan patty product into 95% of Morrison’s stores, and has further plans to expand internationally. The Meatless Farm Co. – with a tagline 'lovingly made from plants' – was founded in 2016 by Morten Toft-Bech, with the aims of improving people’s health through better eating, whilst supporting the environment and animal welfare. The British company has also received global acclaim, launching into Spinneys stores in UAE and with further territories on the horizon. Learn more about how Meatless Farm plans to expand internationally
Walmart sets up global sourcing centre in Bengaluru that sources India-made products for catering to 14 foreign markets; it procures over 95 per cent of the goods sold in Best Price stores from local companies. Amazon takes ‘Make in India’ to the world, bolstered by its Global Selling Programme; it is empowering sellers from small towns in India by scaling up their businesses and leveraging the digital economy. Many home-grown Indian manufacturers and sellers are profiting from the business models and facilitation offered by India-focused multinationals such as Walmart and Amazon. Walmart, with its sourcing model, and Amazon, by offering a Global Selling Programme, are raising the aspirational bar on small Indian businesses, elevating them to earn the coveted tag of ‘global entrepreneurs’.Additional points highlighted in the article below:Read more about how Walmart and Amazon are turning small Indian firms into global entrepreneurs.
Bill Gates's list of inventions that will change the world for the better. The Johannesburg Business School (JBS) is looking at the global landscape. • DHL launched an e-commerce app called DHL Africa eShop for global retailers to sell goods to Africa’s consumers markets. What's affecting me, my clients, my colleagues and other global small business owners: