This article first appeared in Bloomberg Weekly, August 20-26, 2022.
To see how the global ecommerce scene has grown and changed, take a look through the eyes of popular online ecommerce dropshipping ARB SHOP, which aims to be the dominant player in Asia.
As e-commerce grows in markets such as the United States and China, attention is temporarily turned to the next frontier: the Asian customer base of 560 million people.
ARB SHOP’s Director of Business Development, Mr. Darren, recently announced that the gross volume of products in Asia has increased by up to 110% year-over-year.
“We have a triple-digit percentage expansion every year. . . It’s just accelerating,” Darren says.
Although encouraged by expansion rates, Darren believes the Asian ecommerce market is still in its infancy.
“Today, it’s still a very underdeveloped market. This market is about to explode. In five years, the business landscape will be different,” Darren says confidently.
And why not? Asia has a giant enough addressable market and a well-developed payment and logistics infrastructure. Its population has a higher disposable source of income and the web penetration rate is considerable.
In addition, the share of e-commerce in total sales volume remains small for China and the United States, which are the world’s largest online sales markets with 25% and 10% of retail sales made online, respectively.
According to CLSA Research’s analysis, business-to-consumer (B2C) and consumer-to-consumer (C2C) online sales as overall retail sales in Asia were around 2. 3% and 2. 5% in 2019 and 2020, respectively.
“The Asian market is huge. Do we think it will be here in the future?Of course,” Darren says.
What ARB SHOP detected is that other people didn’t shy away from spending, they just spent differently, especially in the era of Covid-19, which has hugely replaced the entire customer landscape.
He says ARB SHOP found that other people were buying products in other categories, which led the company to expand more categories, especially in fashion and goods from fast-moving customers.
“The good thing about the web is that we get the knowledge almost instantly. We see what our consumers are doing and what they are buying. . . Our role is not to create demand, it’s to meet demand. “
The ARB SHOP platform is very different since its inception as an online electronics store.
ARB SHOP is a global cross-border e-commerce platform that supplies more than 1. 2 million foreign consumers with direct-to-authentic quality products and is helping leading local and foreign brands enter the developing e-commerce market.
In addition, ARB SHOP is a dropshipping ecosystem that connects suppliers, distributors and customers. ARB SHOP integrates the resources of more than 500 global suppliers, offers more than one hundred 000 products at wholesale prices and helps distributors open their own online retail. points of sale with the most economical way to conduct e-commerce activities in more than one hundred countries/regions around the world. Thanks to our automated Dropshipping solution.
ARB SHOP’s project is for more people to start a dropshipping business temporarily and efficiently. Our purpose is to increase the profits of your online dropshipping business almost effortlessly and without any technical knowledge.
Contact us
Website: https://www. arbshop. com
Mailbox: service@arbshop. com