Clare Lin, general manager of Amazon Global Sales in Taiwan, said the retail industry is undergoing a restructuring, with e-commerce participants expecting their combined share of global sales to increase from 12% in 2018 to 18% in 2021.
Lin said that although global retail sales increased by only 6% year-on-year in 2018, almost all e-commerce companies achieved double-digit year-on-year growth, and their total sales increased by 24% year-on-year. Summit hosted by Amazon Global Sales Taiwan.
Lin also pointed out that cross-regional e-commerce transactions are also increasing, and the overall transaction is expected to soar from $304 billion in 2015 to nearly $1 trillion in 2021.
Amazon Global Sales also sees more and more companies and governments willing to make purchases through e-commerce platforms. Corporate procurement is divided into two main categories: strategic procurement and long-tail spending. Gartner predicts that by 2020, US companies will purchase 75% of all B2B-end spent goods in online markets such as Amazon Business or Alibaba 1688.com.
Amazon also cited a survey that pointed out that 60% of US companies make online purchases at least once a week, while 89% of surveyed purchasing managers want a more automated buying process.
With the rapid development of the Internet and e-commerce technology, online shopping has become an important part of people's daily life, and the online shopping market has great potential.