TYPES OF SERVICES
SHipping for business growth
Is your business stuck in a rut or have sales been dropping in recent months or years?
In times like this, it’s important for a business to diversify. Think of ways to attract new customers or offer customers services which might have previously been dismissed. Continual growth is an absolute necessity required for a company’s survival.
Many US businesses often avoid selling to international customers due to the complications related to imports and exports outside of the US.
Online shopping as opened up the possibilities with a huge market of customers outside of the US who want goods from the US, it’s a big area which US businesses shouldn’t ignore.
We take a look at how US businesses can expand by opening up to international markets and save on shipping costs.
Focus on Business Growth
Many companies here in the US are focus on domestic business only and avoid expanding internationally. Some of these reasons may include:
- Finding the right shipping provider
- Dealing with complex import, export and customs paperwork
- Finding affordable shipping rates
Improve Sales Figures by International Shipping
Face it, there’s more money to be made by exporting products internationally, than just focusing solely on US domestic markets. Here are some fast facts to digest on the opportunities available by shipping abroad.
Shipping into Emerging Economies
25 countries around the world that will dominate the world’s global economy over the next 10-20 years. These countries include:
- South Africa
- United Arab Emirates
- Saudi Arabia
These countries are experiencing rapid economic growth, many are hungry for imports and trade, especially from the United States.
Western Products in Demand
59% of the world’s population live outside the United States. Many of these countries have economies which are transitioning from agricultural to an industrial and service-based economy and have populations that are being moved out of poverty and into the middle-class. The new middle-classes in these countries desire products made in the West.
Analysts expect there to be three-fold increase in global trade over the next 12 years, with many middle-class populations in emerging economies wanting to own products manufactured in the United States as consumers prefer to pay more for items manufactured in western economies as they perceive them to be better made and products made in the United States have a greater social cachet.
E-Commerce in Europe
In 2016 the e-commerce sector in Western Europe was estimated to be worth $200 billion. In 2019, estimates for the e-commerce market are forecast at $621 billion. That’s is a $400 billion increase over three years. Businesses can capture some of this market by providing shipping services to drop-shippers, Shopify and woo-commerce websites selling goods in Western Europe.
Embrace International Shipping
To the uninitiated, shipping packages and especially freight can seem a daunting task to undertake, with perceptions of endless paperwork to sign and reams of red tape to dodge.
World Options provide an account managed shipping service, to help business with some of the complicated paperwork which can be time consuming. Our system creates a commercial invoice that includes a NAFTA statement. Our account managers can also provide a POA (power of attorney) service and help with the EEI data (electronic export information) which can speed up shipments in customs.
- Take the hassle out of business shipping, we help business customers with import and export shipping documentation.