A DHL study predicts strong growth for the B2B E commerce market in the coming years - by 2025, 80% of all B2B sales between suppliers and professional buyers will take place in digital channels. The impact of the Covid-19 pandemic on the pace of digitalization and the purchasing behavior of technology-savvy millennials are the main drivers of this global E-commerce growth.
“Even in times of worldwide shutdowns, globalization has shown its resilience, fuelled by digitalization and the power of global trade”, says John Pearson, CEO of DHL Express. “These trends have led to an ever growing number of consumers shifting their shopping activities online. The pandemic has accelerated this development like never before, with a sharp rise in businesses selling goods in the global marketplace. E-commerce and global logistics has provided the key to unlock local shutdowns, keep economies running and mitigating the impact of Covid-19 for many of our customers.”
The Whitepaper, compiled by DHL Express, uncovers factors driving the growth of the global B2B E commerce market where a new technology-oriented generation of millennials is starting to make its mark. Millennials, who are also digital natives account for 73% of B2B purchasing decisions, thereby pushing companies to invest in digital solutions, such as selling platforms.
Acceleration of E-commerce growth through Covid-19
“Specifically in Asia Pacific excluding China, we have witnessed a 17.3% year-on-year rise in shipment volume during the peak months of November and December 2020 driven by more active shippers and a 21% higher spend per customer,” said Ken Lee, CEO of DHL Express Asia Pacific. “This surge in volume further underscores the growth in online shopping and demand for cross-border shipping, making it critical that logistics providers remain agile to continuously adapt and respond to consumer needs.”
DHL Express is investing to continue to meet high customer demands
In 2020,DHL Express delivered 484 million shipments for its B2C and B2Bcustomers worldwide, around 9% more per day compared to 2019. To adapt to this significant growth, DHL Express continues to invest annually more than €1 billion in new state-of-the-art facilities around the world.
With its worldwide network and breadth of industries served, DHL Express was able to accommodate fast-changing trade flows. Furthermore, its presence in more than 220 countries and territories have helped consumers and businesses to stay connected especially during the Covid-19.
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