Intra-Asia e-commerce growth potential: A silver lining for Covid-hit region
- 3 years ago
Intra-Asia e-commerce growth potential: A silver lining for Covid-hit region
E-commerce reached new heights within Asia during the pandemic, but obstacles remain for intra-Asian trade.
SINGAPORE, Oct. 12, 2021 /PRNewswire/ -- 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.
For the full multimedia release, click here: https://www.prnasia.com/mnr/DHL_202110.shtml
E-commerce reached new heights within Asia during the pandemic, but obstacles remain for intra-Asian trade.
SINGAPORE, Oct. 12, 2021 /PRNewswire/ -- 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.
For the full multimedia release, click here: https://www.prnasia.com/mnr/DHL_202110.shtml