Benchmark Report Shows Need to Automate Global Trade Operations to Handle e-Commerce Growth
10 Febbraio 2017 - 3:00PM
Business Wire
Supply Chain Professionals Point to
Cybersecurity and Changing Trade Regulations as Top Concerns in
2017
Retailers who are slow to adopt new online channels have
suffered in slowing brick-and-mortar sales leading to store
closures or bankruptcy. Innovative retailers and importers
experienced a huge uptick in sales from e-commerce channels in
2016. According to a report by Adobe Digital Insights, between
November 1st and December 31st, online sales hit $91.7 billion, up
11% from $82.5 billion a year ago.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20170210005114/en/
Survey respondents share what issues
their e-commerce channel has encountered, including logistical
delays, supply chain complications, or regulatory penalties.
(Graphic: Amber Road)
In order to provide the industry with timely information that
can be leveraged to take advantage of this opportunity, American
Association of Exporters & Importers (AAEI) and Amber Road
launched the inaugural Benchmark Report: e-Commerce Impacts
Global Trade.
“While the disruptive force e-commerce has on the economy
appears most prominently in the retail sector, this latest
digitalization of trade will continue to change industry trade
patterns and product distribution for years to come,” explains
Marianne Rowden, president and CEO, AAEI. “With growing internet
penetration, a consistent customer shift from store to web
shopping, and the proliferation of smartphones and tablets, the
growth of online shopping is massive.” Fifty-one percent of survey
respondents experienced an uptick in sales through this
channel.
The report draws on data from a January 2017 survey of over 250
supply chain professionals; manufacturers, shippers, logistics
providers, and other related service providers. Some notable data
points include:
- 75% have an online sales channel
- 65% of those who don’t have existing
online channels are now planning to implement them in the near
future
- Nearly 36% experienced
shipping/transportation challenges that impact retailers’ ability
to achieve strategic goals and objectives
- The Consumer Product Safety Commission
(CPSC) accounted for the largest percentage of delays for
imports
- Cybersecurity was the top concern for
shippers, followed closely by changing global trade
regulations
e-Commerce isn’t new, but it has reached a critical mass to
significantly impact global trade. According to the report,
e-Commerce has revolutionized business-to-consumer sales, resulting
in a newly empowered consumer with higher expectations for their
retail shopping experience.
“While there is clearly a large market opportunity associated
with global e-commerce, there are challenges identified in the
report that companies must face to create a successful e-commerce
infrastructure,” says Gary Barraco, director, global product
marketing, Amber Road. “To stay ahead of the e-commerce curve,
companies must address primary gaps with a combination of
technology, trade compliance knowledge, and automation.”
AAEI and Amber Road are hosting a complimentary webinar on
February 14, 2017 to highlight the key takeaways from the 2017 AAEI
e-Commerce Benchmark Report. Register here.
About AAEI
The American Association of Exporters & Importers (AAEI) is
the premier trade organization representing those immediately
engaged in and directly impacted by developments pertaining to
international trade. AAEI is recognized as technical experts
regarding the day-to-day facilitation of trade.
About Amber Road
Amber Road’s (NYSE: AMBR) mission is to improve the way
companies manage their international supply chains and conduct
global trade. As a leading provider of cloud based global trade
management (GTM) solutions, we automate the global supply chain
across sourcing, logistics, cross-border trade, and regulatory
compliance activities to dramatically improve operating
efficiencies and financial performance. This includes collaborating
with suppliers on development, sourcing and quality assurance;
executing import and export compliance checks and generating
international shipping documentation; booking international
carriers and tracking goods as they move around the world; and
minimizing the associated duties through preferential trade
agreements and foreign trade zones. Our solution combines
enterprise-class software, trade content sourced from government
agencies and transportation providers in 147 countries, and a
global supply chain network connecting our customers with their
trading partners, including suppliers, testing/auditing firms,
freight forwarders, customs brokers and transportation carriers. We
deliver our GTM solution using a Software-as-a-Service (SaaS) model
and leverage a highly flexible technology framework to quickly and
efficiently meet our customers’ unique requirements around the
world.
For more information, please visit www.AmberRoad.com, email
Solutions@AmberRoad.com or call 201-935-8588.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170210005114/en/
Media ContactVeronika Clough+1
203-820-6061VeronikaClough@AmberRoad.comorAmber Road
ContactsAnnika Helmrich (US & Canada)+1
201-806-3656AnnikaHelmrich@AmberRoad.comorMartijn van Gils (Europe
& Asia)+31 858769534MartijnvanGils@AmberRoad.com
Grafico Azioni AMBER ROAD, INC. (NYSE:AMBR)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni AMBER ROAD, INC. (NYSE:AMBR)
Storico
Da Lug 2023 a Lug 2024