Clothing tops Cross-Border shopping list

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Nearly 50% of cross-border digital buyers worldwide ages 18 and up say they have purchased clothing and apparel, footwear and accessories from cross-border ecommerce sites in the past year, according to a November 2016 report. Close to one-third also said they purchased consumer electronics, computers, tables and mobiles and peripherals. 

A quarter of those surveyed said they made travel or transportation purchases on cross-border ecommerce sites. Nearly as many made similar purchases on digital entertainment or education purchases, like ebooks and digital music, and 23% bought toys and hobbies via a cross-border ecommerce site. 

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IRCTC net profit grew 44% to Rs 189 crore.

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The Indian Railway Catering & Tourism Corp (IRCTC) sold train tickets worth Rs 24,022 crore ($3.5 billion) online in the year ended March 2016, although growth halved to 17% from a year earlier as its customer base stagnated.

The government-owned portal, which gets a commission on each ticket sold, posted a 32% increase in revenue to Rs 1,506 crore, according to a filing with the Registrar of Companies. Its revenue come from service charge on tickets, sales of Rail Neer packaged water, onboard catering services and licence fees from outsourced catering vendors.

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Future of UK Digital Commerce Market

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Across the globe, total retail e-commerce sales will reach $1.915 Trillion this year. The UK is the world leader when it comes to retail digital commerce’ share of total retail sales. As the worldwide digital commerce market continues to expand, it is important to look at the growth of UK digital commerce market and think forward to how far it can grow at the expense of traditional commerce market. 

UK digital commerce market has grown rapidly over the last few years and continues to develop and experience high growth in developing and developed markets.

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Growth of ecommerce in US and China

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E-commerce is going strong in the world’s largest two economies–the United States and China. The “Understanding Digital Commerce in the U.S. and China” study also found Chinese consumers more likely to shop on their smartphones and tablets than their counterparts in America.

The research shows both China and the United States have reached near-full adoption of e-commerce. Of digital users over the age of 18, 89% of Chinese and 84% of Americans said they bought a service or product digitally in the past 12 months.

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Logistics Industry will grow $15.5 trillion within 10 years

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The logistics and transportation industry will grow to $15.5 trillion, from a current market value of $8.1 trillion, according to a recent Transparency Market Research report. Like other fast-growing industries, the market is extremely competitive, with the big-four companies controlling less than 15% of the market, procurious reports.

The industry may be ripe for disruption, however, so procurious suggests companies focus on dynamic strategies to ensure resilience. Such strategies require a renewed focus on improving savings for both buyers and suppliers.

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SingPost opens eCommerce Logistics Hub

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Singapore Post Limited (SingPost), the national mail carrier of Singapore, has opened its Regional eCommerce Logistics Hub (eComm Log Hub) at the Tampines Logistics Park.

SingPost said the S$182 million (U.S. $130.9 million) facility is its largest eCommerce logistics investment in Singapore to date. Parcels for delivery within Singapore and those to be shipped to destinations worldwide will be processed at the eComm Log Hub.

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