Because most everything can be found online and purchased in small quantities, most consumers don’t see much difference between buying toothpaste from CVS online or purchasing an Alex Galchenyuk hockey trading card from Canada on eBay. But when the product is shipped across an international border, the “de minimis” rule is in play.
Through a combination of automation, analytics, mobile payment and other digital technologies, the world’s leading food retailers are in a race for your “digitally-enabled” grocery business.
When you think haute couture, you think of the fashion capitals of the world – Milan, Paris, New York, London, and Tokyo. Whether we’re talking about runway gowns or graphic tees, the fashion industry is global. But did you know that an average 70 percent of your clothes are “Made in America”?
More than half of the world’s cut flowers still pass through auction houses in The Netherlands before reaching your local floral shop or grocery. That’s starting to change. Digital trade and lower transportation costs are helping developing countries like Colombia, Kenya, Ecuador and Ethiopia sell directly to buyers and blossom in global flower trade.
Chinese New Year celebrations kick off on January 28. Despite slowing growth, Chinese consumers will goose their economy buying new holiday clothes, food and drinks for gatherings, and gifts for relatives for the holiday.
According to a new study, reducing tariffs on LED light bulbs by 3.6 percent would save American households $320 million each year. How? Lowering the tariff on imported LED bulbs makes it cheaper to buy them. Lower prices also raises demand, leading to greater usage. Using more energy efficient light bulbs could cut electric bills by $129.6 million and lower the number of kilowatt hours in the United States by 238 million every year.
Kicking-off the 2016 holiday season, Americans broke spending records on Black Friday and Cyber Monday. But the big story was how people shopped – online – and increasingly using their phones not just their computers.
Globally, e-commerce sales are projected to surpass $3.5 trillion within the next five years. China and the U.S. account for over 55 percent of global e-commerce, but digital consumption is growing around the world even in markets that still heavily operate on a cash-on-demand basis, like India. The major American e-commerce platforms Amazon and eBay are growing their share in overseas markets but they face stiff competition from companies vying for new online shoppers around the world.
MTTS Asia’s husband and wife co-founders set out to meet a healthcare gap in Vietnam, but they soon found they needed to scale by selling greater volumes in more markets. They are working to overcome non-tariff barriers to break into markets where low-cost innovative medical technologies are most needed.
Thanks to international sales and partnerships, Batik Boutique empowers more than a dozen female artisans—who set their own wages and hours—to sell their creations to a global audience.