The cross-border story
Cross-border growth is 2x the rate of domestic eCommerce, but the ability to control market share is declining. New technology-driven startups, pricing and innovative supply chains are stealing a march on postal players’ competitive edge.
Customers expect cross-border delivery to match domestic services: fast, free, trackable, and easy returns. To compete, new business models and capabilities are required.
Cross border in numbers
To compete, new business models and capabilities are required. Taking action can help postal organizations win in the cross-border delivery race.
Customer and retailer expectations are shifting
The traditional delivery space is being disrupted by new, asset-lite entrants who can serve customers with what they want, when and how they want it. These start-ups and innovation-led businesses have digital capabilities at their core and can adapt to meet changing customer demands at speed.
Postal players must compete more effectively in this new, disruptive world. Cross border deliveries are growing exponentially, technology is now an essential enabler and alternatives do exist for those post and parcel organizations that want to reinvent their business models.
To take advantage of cross-border, post and parcel organizations must update their capabilities to:
Cross-border success will be dependent on post and parcel organizations adding new product portfolios and services that offer eCommerce customers the experience they desire. By enabling new business models, improving cross-border systems and introducing smarter returns, opportunities in the cross-border space are endless.