There’s never been a better time to think globally.
Cross-border e-commerce is expected to top $1 trillion by 2021, according to BI Intelligence, as consumers increasingly turn to international marketplaces to purchase products they can’t get at home.
In fact, a recent PayPal study discovered that a lack of access to goods domestically is one of the biggest factors driving cross-border shopping. For instance, Chinese consumers buy everything from infant formula to health supplements to cosmetics online from overseas manufacturers. Better prices and more affordable shipping are big drivers of cross-border e-commerce, too.
