In the coming year, supply chain professionals should expect no huge surprises. What they can expect is an intensification of the business trends seen in the past few years.
Expanding Global Markets
ECommerce in developing markets has grown exponentially, and more flexible boundaries between these countries have opened up the market for cross-border eCommerce. According to BCG, global cross-border eCommerce will reach between $250 billion and $350 billion in 2025, up from $80 billion in 2014. Asia, Europe and North America will account for 40%, 25% and 20% of the market respectively. This projected economic growth cannot occur without an efficient, seamless global supply chain at its foundation. read more