How to Solve Latin Americas ECommerce Problem

first_img e-commerceFreedonia GroupMarketing TechnologyNewsSales Previous ArticleNielsen Launches Global Measurement For YouTube Mobile AppNext ArticleCredorax Launches Smart 3D Secure Solution in Partnership With Netcetera How to Solve Latin America’s E-Commerce Problem PRNewswireJune 3, 2019, 5:55 pmJune 3, 2019 E-commerce sales in Latin America accounted for 2% of the global totalLatin America has the second lowest per capita e-commerce sales of any region globally. According to the Freedonia Group study Global E-Commerce, e-commerce sales in Latin America totaled $80 billion in 2018, accounting for 2% of the global total. Revenues are largely driven by Brazil and Mexico, which together accounted for 57% of the region’s sales in 2018.Marketing Technology News: Lightspeed POS Inc. Announces the Acquisition of ChronogolfHere are a couple key points from the study:Logistical problems – including delayed shipment or unfulfilled orders – have prevented consumers from engaging with e-commerce in the past, but solutions such as offering better refund and return policies can increase consumer satisfaction.Improvements to postal services, the development of crowdsourced delivery, and a better focus on customer service are all expected to aid growth in online sales.Marketing Technology News: VERB Adds Leading Health Care Provider OnDoc to Its Client RosterIn comparison, e-commerce sales in the world as a total are projected to nearly double by 2023, expanding 13% annually to $6.7 trillion. The Asia/Pacific region includes the two countries with the largest populations in the world: China and India, affording a large market of potential e-commerce customers. North America has the highest per capita e-commerce sales in the world. A well-developed logistics framework and plenty of competition keeps total cost of fulfilment relatively low for e-commerce orders.Marketing Technology News: Alorica Taps Business Transformation Veteran Colson Hillier to Be Chief Marketing Officerlast_img read more