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[Intra-Asia e-commerce growth potential: A silver lining for Covid-hit region] => 亞洲區內電子商務增長潛力：為受疫情影響地區締造轉機
[E-commerce reached new heights within Asia during the pandemic, but obstacles remain for intra-Asian trade.] => 疫情期間，亞洲區內電子商務增長達致新高，惟區内貿易仍面臨障礙。
[[]] =>
[“Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.] => 「缺乏智能手機和互聯網等障礙正在迅速消除。舉個例子，在疫情期間，我們看到有些公司抓緊機會踏足eBay、Etsy、亞馬遜等電子商務市場銷售商品。」李植興指出。然而，隨著電子商務的普及，在亞洲透過上網及電子商務渠道進行的跨境貿易仍落後於其他地區。
每個地區和國家都面臨著獨特挑戰，例如某些國家缺乏消費力或需要納稅才能進口外國商品。對於後者，李植興認為一個潛在的長遠解決方案應由東南亞國家聯盟（東盟）著手。
「鑑於印尼的中產階級比重大幅增加，推動東盟成員國成為收入增長最快的國家之一。如果想亞洲提升自身的消費，東盟可考慮與其成員國簽訂優惠稅務條約。」
李植興分享道：「在疫情下，亞洲經濟重新逐漸開放，這將為企業在亞洲尋求跨境電子商務提供動力和新機遇。
[“For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.] => 「例如許多國家正在更新其海關編碼，以應對個人進口貨品的增加。為幫助賣家，我們定期更新付運工具，提供必要特性和功能，以支援相關變更，避免客戶措手不及。」李植興說道。
亞洲的跨境電子商務預計將加快步伐，大部分物流供應商已準備好應付活動的增加。DHL Express已著手改進，確保為客戶提供便捷、順暢的派遞服務。
李植興表示：「我們快將推出全新解決方案，以助賣家管理各國海關的KYC文件要求（政府認可的身份證明），同時遵守私隱標準及監管程序。」
消除貿易和通關的複雜性不僅能讓賣家專注核心業務，還將為疫情往後的日子增加亞洲區內電子商務體驗。
[Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.] =>
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.
RELATED ARTICLESThe Ultimate B2B E-Commerce GuideHow should business-to-business (B2B) e-commerce businesses adapt to changing buying behaviors to make the most of cross-border opportunities? “Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.
RELATED ARTICLESTackling sanctions: How DHL Express navigates legal, regulatory frameworksEnsuring compliance in logistics has become increasingly complex due to the growing number of sanctions, but technology is helping to drive efficiencies.“For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.] =>
The Ultimate B2B E-Commerce Guide How should business-to-business (B2B) e-commerce businesses adapt to changing buying behaviors to make the most of cross-border opportunities?
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[$value] => Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.
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[Intra-Asia e-commerce growth potential: A silver lining for Covid-hit region] => 亞洲區內電子商務增長潛力：為受疫情影響地區締造轉機
[E-commerce reached new heights within Asia during the pandemic, but obstacles remain for intra-Asian trade.] => 疫情期間，亞洲區內電子商務增長達致新高，惟區内貿易仍面臨障礙。
[[]] =>
[“Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.] => 「缺乏智能手機和互聯網等障礙正在迅速消除。舉個例子，在疫情期間，我們看到有些公司抓緊機會踏足eBay、Etsy、亞馬遜等電子商務市場銷售商品。」李植興指出。然而，隨著電子商務的普及，在亞洲透過上網及電子商務渠道進行的跨境貿易仍落後於其他地區。
每個地區和國家都面臨著獨特挑戰，例如某些國家缺乏消費力或需要納稅才能進口外國商品。對於後者，李植興認為一個潛在的長遠解決方案應由東南亞國家聯盟（東盟）著手。
「鑑於印尼的中產階級比重大幅增加，推動東盟成員國成為收入增長最快的國家之一。如果想亞洲提升自身的消費，東盟可考慮與其成員國簽訂優惠稅務條約。」
李植興分享道：「在疫情下，亞洲經濟重新逐漸開放，這將為企業在亞洲尋求跨境電子商務提供動力和新機遇。
[“For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.] => 「例如許多國家正在更新其海關編碼，以應對個人進口貨品的增加。為幫助賣家，我們定期更新付運工具，提供必要特性和功能，以支援相關變更，避免客戶措手不及。」李植興說道。
亞洲的跨境電子商務預計將加快步伐，大部分物流供應商已準備好應付活動的增加。DHL Express已著手改進，確保為客戶提供便捷、順暢的派遞服務。
李植興表示：「我們快將推出全新解決方案，以助賣家管理各國海關的KYC文件要求（政府認可的身份證明），同時遵守私隱標準及監管程序。」
消除貿易和通關的複雜性不僅能讓賣家專注核心業務，還將為疫情往後的日子增加亞洲區內電子商務體驗。
[Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.] =>
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.
RELATED ARTICLESThe Ultimate B2B E-Commerce GuideHow should business-to-business (B2B) e-commerce businesses adapt to changing buying behaviors to make the most of cross-border opportunities? “Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.
RELATED ARTICLESTackling sanctions: How DHL Express navigates legal, regulatory frameworksEnsuring compliance in logistics has become increasingly complex due to the growing number of sanctions, but technology is helping to drive efficiencies.“For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.] =>
The Ultimate B2B E-Commerce Guide How should business-to-business (B2B) e-commerce businesses adapt to changing buying behaviors to make the most of cross-border opportunities?
[] =>
[intra-asia-e-commerce-growth-potential-covid-region] => intra-asia-e-commerce-growth-potential-covid-region
[Middle East] =>
[Article Key Image_1387577570] => Article Key Image_1387577570
[Article Key Image - Sanctions] => Article Key Image - Sanctions
[Intra-asia-e-commerce-growth-single-column] => Intra-asia-e-commerce-growth-single-column
[Intra-asia-e-commerce-growth-key-image] => Intra-asia-e-commerce-growth-key-image
)
[$value] => “Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.
)
Array
(
[derick] => Array
(
[Intra-Asia e-commerce growth potential: A silver lining for Covid-hit region] => 亞洲區內電子商務增長潛力：為受疫情影響地區締造轉機
[E-commerce reached new heights within Asia during the pandemic, but obstacles remain for intra-Asian trade.] => 疫情期間，亞洲區內電子商務增長達致新高，惟區内貿易仍面臨障礙。
[[]] =>
[“Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.] => 「缺乏智能手機和互聯網等障礙正在迅速消除。舉個例子，在疫情期間，我們看到有些公司抓緊機會踏足eBay、Etsy、亞馬遜等電子商務市場銷售商品。」李植興指出。然而，隨著電子商務的普及，在亞洲透過上網及電子商務渠道進行的跨境貿易仍落後於其他地區。
每個地區和國家都面臨著獨特挑戰，例如某些國家缺乏消費力或需要納稅才能進口外國商品。對於後者，李植興認為一個潛在的長遠解決方案應由東南亞國家聯盟（東盟）著手。
「鑑於印尼的中產階級比重大幅增加，推動東盟成員國成為收入增長最快的國家之一。如果想亞洲提升自身的消費，東盟可考慮與其成員國簽訂優惠稅務條約。」
李植興分享道：「在疫情下，亞洲經濟重新逐漸開放，這將為企業在亞洲尋求跨境電子商務提供動力和新機遇。
[“For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.] => 「例如許多國家正在更新其海關編碼，以應對個人進口貨品的增加。為幫助賣家，我們定期更新付運工具，提供必要特性和功能，以支援相關變更，避免客戶措手不及。」李植興說道。
亞洲的跨境電子商務預計將加快步伐，大部分物流供應商已準備好應付活動的增加。DHL Express已著手改進，確保為客戶提供便捷、順暢的派遞服務。
李植興表示：「我們快將推出全新解決方案，以助賣家管理各國海關的KYC文件要求（政府認可的身份證明），同時遵守私隱標準及監管程序。」
消除貿易和通關的複雜性不僅能讓賣家專注核心業務，還將為疫情往後的日子增加亞洲區內電子商務體驗。
[Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.] =>
[wysiwyg] => wysiwyg
[outbound_box] => outbound_box
[Asia already holds the lion’s share of the global e-commerce market. Still, its potential for intra-region growth — with economies recovering and income levels rising — makes the region the one to watch beyond Covid-19.
During the pandemic, lockdowns and movement restrictions sparked a surge in e-commerce as consumers and businesses turned to online channels in droves for their purchases. Unprecedented growth in shipment volume and express deliveries around the world followed, according to Ken Lee, CEO, DHL Express Asia Pacific.
“The speed of growth surprised us initially, but we knew that it was the most natural response, given how e-commerce can efficiently meet market demands for goods that are suddenly facing supply shortages,” said Lee.
But e-commerce within the region still lags. Overcoming obstacles from red tape to unfamiliarity with adjacent markets, should unlock significant opportunities for sellers.
For now, however, there is more than enough activity to keep sellers busy. Despite disruptions to mobility caused by the pandemic, global trade and data flow started to recover toward the end of last year, according to an update in the DHL Global Connectedness Index 2020. Moreover, as in-person contact shifted into the online world, international internet traffic, phone calls and, most notably, e-commerce received a timely boost.
Watch: Ken Lee on the accelerated growth of e-commerce in intra-Asia trade
Within Asia, in particular, e-commerce has skyrocketed. Now accounting for almost half of DHL Express’ revenue in APEC, intra-Asia e-commerce still has a long runway for growth. “Intermediate and finished goods are still largely assembled and manufactured here, but they are now also being shipped within and consumed in Asia,” said Lee.
As the region’s spending power gradually recovers from the pandemic, further cross-border e-commerce penetration, supported by efficient cross-border logistics solutions, will play a key role in the regional economic recovery.
The state of e-commerce
The high hopes for intra-Asia e-commerce to flourish are not unfounded.
Recent research by DHL Express highlighted the strong growth of the global business-to-business (B2B) e-commerce market, which is expected to grow from US$12.2 trillion (€10.26 trillion) in 2019 to reach US$20.9 trillion (€17.6 trillion) in 2027.
“Many Asia manufacturers are in the B2B space and are only just getting into e-commerce. There are plenty of opportunities for early adopters to benefit especially in this region where many of these businesses are based,” said Lee on the bright future for the sector.
Growth in the business-to-consumer (B2C) e-commerce sector is, likewise, progressing at breakneck speed, with the pandemic being a key driver. The global B2C e-commerce market, valued at US$3.67 trillion (€3.09 trillion) in 2020, is expected to expand at a compound annual growth rate (CAGR) of 9.7 percent from 2021 to 2028.
The development is unsurprising since the foundations for this meteoric growth were laid way before the Covid-19 pandemic. The entry barriers to e-commerce have been lowered significantly over the years with advances in technology helping to overcome the digital divide.
RELATED ARTICLESThe Ultimate B2B E-Commerce GuideHow should business-to-business (B2B) e-commerce businesses adapt to changing buying behaviors to make the most of cross-border opportunities? “Obstacles such as smartphone ownership and internet access are fast disappearing. During the pandemic, for instance, we saw how quickly some individuals seized the opportunity to get on e-commerce marketplaces such as eBay, Etsy, and Amazon to sell their goods,” said Lee.
Yet, with improvements in the uptake of e-commerce, cross-border trade through online and e-commerce channels still lags in Asia compared to other regions.
Each geography and country face unique challenges, such as the lack of spending power or the need to pay taxes to import foreign goods in some countries. For the latter, Lee believes a potential long-term solution should start with the Association of Southeast Asian Nations (ASEAN).
“For Asia to buy more within Asia, the ASEAN bloc could look into preferential tax treaties for ASEAN nations, given it has one of the fastest-growing incomes driven by a large middle-class growth in Indonesia.”
This, alongside the gradual reopening of the region’s economies from Covid-19, could provide the impetus and new opportunities for businesses to pursue cross-border e-commerce within Asia, shared Lee.
Why logistics is key
In the near term, however, the logistics sector is best placed to render support to e-commerce businesses to unlock the potential of the large, untapped e-commerce market within Asia.
“Sometimes, all they need is a nudge to get started. What we’ve done is work with partners in the regional e-commerce ecosystem to simplify the process for our customers to jump on the e-commerce bandwagon,” said Lee.
Like the restrictions imposed in different countries during the pandemic, the rules and regulations governing cross-border e-commerce imports across the region are also constantly changing, making it tough for businesses to maintain compliance.
RELATED ARTICLESTackling sanctions: How DHL Express navigates legal, regulatory frameworksEnsuring compliance in logistics has become increasingly complex due to the growing number of sanctions, but technology is helping to drive efficiencies.“For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.] =>
The Ultimate B2B E-Commerce Guide How should business-to-business (B2B) e-commerce businesses adapt to changing buying behaviors to make the most of cross-border opportunities?
[] =>
[intra-asia-e-commerce-growth-potential-covid-region] => intra-asia-e-commerce-growth-potential-covid-region
[Middle East] =>
[Article Key Image_1387577570] => Article Key Image_1387577570
[Article Key Image - Sanctions] => Article Key Image - Sanctions
[Intra-asia-e-commerce-growth-single-column] => Intra-asia-e-commerce-growth-single-column
[Intra-asia-e-commerce-growth-key-image] => Intra-asia-e-commerce-growth-key-image
)
[$value] => “For instance, many countries are updating their customs codes to accommodate the increase of personal imports. We help sellers by regularly updating our shipping tools with the necessary features and functionalities that support these changes, so our customers are not caught unaware,” said Lee.
Cross-border e-commerce within Asia is expected to gather pace, and most logistics providers are prepared for an upswing in activity. For DHL Express, improvements are already underway to ensure convenient, seamless deliveries for customers.
“We will soon launch a new solution to help sellers manage KYC documentation requirements (government-recognized identity proof) imposed by customs in different countries, all while keeping to privacy standards and regulatory processes,” said Lee.
The removal of trade and customs complexities will not only empower sellers to focus on their core business, but will also augment the intra-Asia e-commerce experience for a post-Covid-19 future.
)
繁體中文（香港）