growing your global ecommerce world trade month sales go
TRANSCRIPT
World Trade Month
Go GlobalWebinar Series
Growing Your Global eCommerce Sales
Webinar #2: May 27, 2021
We are here to help you Go Global.
Learn about the logistics of growing global eCommerce including tips for handling payment and shipping in the electronic environment. The session will also include Federal support programs for
all your export needs.
Access more international trade resources on www.trade.gov/export-solutions.
Go Global Webinar Series
Brought to you by your federal trade partners:
• U.S. Small Business Administration
• Export-Import Bank of the United States
• U.S. Census Bureau
• U.S. Commercial Service
Growing Your Global eCommerce Sales
GO GLOBAL Webinar Series
Wendy PeeblesLead Outreach CoordinatorU.S. Census Bureau
Actionable Insight on Shipment & Payment in a
Virtual Environment
How can the Federal Government help you grow
your global business?
KEY TAKEAWAYSGrowing Your Global eCommerce Sales
I. Introduction to Common Logistics Questions/Issues- James Bledsoe, U.S. Department of
Commerce
II. Key Insights on Shipment & Payment in a Virtual Environment – Tawnee Steinke, Zonos, Inc.
III. Next Level Resources for Expanding Sales- Federal Programs
o Department of Commerce- James Bledsoe, Director, eCommerce Innovation Lab
o Small Business Administration- Michele Schimpp, Acting Associate Administrator for
International Trade
o EXIM Bank- Steve Maroon, Director of Marketing
o U.S. Census Bureau- Wendy Peebles, Lead Outreach Coordinator
IV.Q&A – Moderated by Steve Maroon, EXIM
AGENDA Growing Your Global eCommerce Sales
Introduction to Common Logistics Questions/Issues
GO GLOBAL Webinar Series
James BledsoeDirector, eCommerce Innovation LabU.S. Commercial Service
Source: Statista, eCommerce Worldwide Study
1. Lack of Business Digital Strategy & Knowhow• Solutions: CS Digital Strategy Counselling
2. Lack of eCommerce Service Provider Awareness• Solution: eCommerce Business Service Provider Referral
3. Help identifying non-tariff barriers• Solution: Traditional Counselling
4. Shipping/Logistics Costs• Solution: Traditional Counselling
5. Online Payment Solutions• Solution: eCommerce Business Service Provider Referral
Top eCommerce Business Issues We Can Help With
Tawnee Steinke
Director of Global Partnerships
Tawnee is head of Global Partnerships at Zonos overseeing the
Business Development department. In her role, she is responsible for
helping to grow and expand the company by helping online merchants to
convert international shoppers into lifelong customers. Being a small
business owner herself with a focus on eCommerce she understands the
difficulties and rewards of online business.
Learning to navigate international ecommerce with Zonos for over 6
years has helped her to be successful in opening new markets and
adding growth to the company. Customer experience has been an
important part of her career and will continue to adapt to the changing
times.
© 2021 All rights reserved
© 2021 All rights reserved
International Trends.
22%
1. DPD and ParcelHero independent quotes. 20212. Metapack eCommerce Benchmark Report, 20203. BigCommerce, “Shipping, Delivered - Best Practices and expectations 2020
Ecommerce is growing
of ecom will be cross-
border by 2022
in 2020! Up from
300bn in 2015!
Global ecommerce reached
$4.5tn
Negative buyer experience
20% of all shipments are being
stopped at the border 1
81% of people had a bad delivery
experience in 2020 2
58% will stop buying from a retailer
after a bad experience 3 fd
Localized Website
Simple Google search, no language barriers, and
easy to use address fields
Payments
You know the exact cost, with fast easy options
for payments
Shipping
Customers are looking typically for free or flat rate
shipping
No Surprises
Receive your product quickly and have a
happy customer
Image placeholder graph or image goes
here
The US
customers
online buying
experience
© 2021 All rights reserved
© 2021 All rights reserved
Shipping costs
Shipping costs are unclear
with limited options
Payment fees
Additional fees for an
international credit card, not a
lot of options
Delivery
Vague delivery expectations
Exchange rate
Foreign exchange rate is
unknown
Duties & taxes
Collection of duties and
taxes after the order upon
delivery
Bad experience
Nothing but surprises in a
difficult situation
The international buying
experience for shoppers
© 2021 All rights reserved
Complicated conversion
Higher abandon rate without
localized experience
Multiple currencies
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consectetur adipiscing elit,
Multiple languages
More questions manually
touching orders in other
languages
Difficult process
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consectetur adipiscing elit,
The international
buying experience
for merchants
© 2021 All rights reserved
© 2021 All rights reserved
Shoppers may abandon merchants as well
as carts
https://www.canadapost.ca/blogs/business/ecommerce/conversion-and-
abandonment-the-ingredients-you-need-to-maximize-your-checkout-experience/
In the past year international
fraud has increased by 46%*transunion
Strict rules for
international fraud
Payment companies have
stricter rules about the types
of orders they will accept with
international orders,
Retailers restrict high
risk countries
Online retailers will shut
countries off that have a higher
percentage of fraud
Technologies not setup
for international
Address verification is difficult
with international orders
© 2021 All rights reserved
Brexit, UK VAT and EU VAT
81% of consumers had a bad
delivery experience last year!
59% of consumers blame the
carrier!
© 2021 All rights reserved
The New Rules
● Brexit - EU/ UK customs clearances
● UK VAT - mandatory HMRC registration for low-value goods
● EU VAT - €22 de minimis removal
● Introduction of IOSS and end of distance selling thresholds
● Market places deemed supplier
Effect
● EU ‘doubling-down’ on transport disruption
● “53% of cost is in the final mile of delivery” -BI Intelligence
● Customs Delays resulting in bad delivery experiences
● Increased Merchant Responsibility
Zonos
Hello
© 2021 All rights reserved
Set International customers
expectations
Zonos Hello
Free Duty & Tax Quotes for
Shoppers
The first step in improving the
international buying experience.
Shoppers get estimates duties and taxes
as they add items to their cartJS
For custom sites and
other platforms
Plugins
JSFor custom sites and
other platforms
Next Level Federal Resources
James BledsoeDirector, eCommerce Innovation LabU.S. Commercial Service
Wendy PeeblesLead Outreach CoordinatorU.S. Census
Stephen MaroonDirector of Digital MarketingExport-Import Bank of the U.S.
Michele SchimppActing Associate Administrator for International TradeU.S. Small Business Administration
Next Level Federal Resources- DOC
GO GLOBAL Webinar Series
James BledsoeDirector, eCommerce Innovation LabU.S. Commercial Service
The world is open for your business.Our global network of experienced trade professionals is located throughout the United States and in U.S. Embassies and Consulates worldwide. Whether you’re looking to make your first export sale or expand to additional markets, we offer the expertise you need to connect with lucrative opportunities and increase your bottom line.
Our Services
Export Counseling• Develop effective market entry and sales strategies. • Understand export documentation requirements and import regulations of foreign markets. • Navigate U.S. government export controls, compliance and trade financing options.
Market Intelligence• Analyze market potential and foreign competitors. • Obtain useful information on best prospects, financing, laws, and cultural issues. • Conduct background checks on potential buyers and distributors.
Business Matchmaking• Connect with pre-screened potential partners. • Promote your product or service to prospective buyers at trade events worldwide. • Meet with international industry and government decision makers in your target markets.
Commercial Diplomacy• Overcome trade obstacles to successfully enter international markets. • Benefit from coordinated U.S. government engagement with foreign governments to protect U.S. business interests.
Let our global network work for you.
Worldwide RecognitionAs the U.S. government, we can open doors that no one else can in markets around the world.
Global NetworkOur unmatched global network with trade experts in more than 80 countries can provide you with on-the-ground knowledge and connections.
Results DrivenOur expert, in-person counseling is unparalleled and designed to help you succeed in global markets.
We are where you are, and where you want to be
Light green - Open Office(virtual services with limited delays)Yellow - Open (virtual services with significant delays)Red – Closed
Grey - Vacant / UnstaffedWhite - Other / No data
U.S. Department of Commerce | International Trade Administration | U.S. Commercial Service
Trade.gov/eCommerce Explore eCommerce Resources
Resources- Online Market Research
GO GLOBAL Webinar Series
Michel SchimppActing Associate Administrator for International TradeSBA Office of International Trade
Next Level Federal Resources- SBA
The SBA Can Keep You Competitive
Business Intelligence for Changing Times
Grants to Reach International Buyers
Financing for Your International & Supply Chain Sales
See if your state/territory offers grants at sba.gov/international
Contact your local export finance manager at sba.gov/international
Get advice on exploring export markets atsba.gov/tradetools
SBA’s Trade Tools for International Sales
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One-Stop Website for Information on Exporting and Importing for Small Businesses. Learn about:
• Developing an export plan
• Federal and local resources available to help small businesses
• Identifying markets, including information about U.S. trade agreements, such as USMCA, and the opportunities created for small businesses.
• Laws and Regulations that impact trade, including customs, tariffs, intellectual property, and e-commerce.
Want to learn more?
• Visit www.sba.gov/tradetools.
• Information is available in English and Spanish.
Business Intelligence for Changing Times
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SBA’s Fast Track Service
• Meet privately with SBA senior trade and technical staff to discuss unique needs
• Quickly access to accurate information, guidance on eligibility requirements
• Receive introductions and professional referrals to Federal, State or local resource partners
How to Schedule Fast Track Service and SBA’s International Trade Hotline?
• Call SBA toll free at (855) 722-4877 or send an email to [email protected]
Grants to Help You Reach International Buyers
The State Trade Expansion Program or STEP provides grants to U.S. states/territories to help small businesses to go international.
• Eligible Uses of Funds include:
− Training workshops
− In-person and Virtual trade missions
− Services to support foreign market entry
− International Partner Search
− Website optimization for global sales
− Translate websites to attract foreign buyers
− Designing marketing media and more
Visit sba.gov/STEP to find out if your state/territory is participating in STEP.
Overcome Financing Challenges
SBA can work with your lender to help you overcome financing challenges such as:
• Canceled or reduced buyer credit insurance coverage
• Reduction in lines of credit or working capital financing
• Demand by foreign buyers for performance guarantees on advanced payments
• Supply chain issues: extended payment terms from OEMs
Financing Your International & Supply Chain Sales
Loan options for direct and indirect exporters (i.e. supply chain):
• Export Express for business development
− $500,000 limit
• Export Working Capital to fulfill your international & supply chain orders
− $5 million limit
• International Trade Loan for expanding your production capacity, re-financing debt, and reshoring
− $5 million limit
Export Finance Managers at www.sba.gov/international
Get International Trade Support From SBA
• For assistance with trade barriers and SBA Fast Track Service call SBA toll free (855) 722-4877 or Email [email protected]
• For a list of State Trade Expansion Program (STEP) with grants visit www.sba.gov/STEP
• For export finance questions and help navigating SBA resources, locate and connect with one of our Export Finance Managers at www.sba.gov/international
• Explore Opportunities at www.sba.gov/tradetools (Spanish version available.)
• Stay Informed with SBA’s OIT’s Newsletter and Webinars: sba.gov/newsroom
GO GLOBAL Webinar Series
Stephen MaroonDirector of MarketingExport-Import Bank of the United States
Next Level Federal Resources- EXIM
EXIM’s Products Help U.S. Companies Grow Sales
• Export Credit Insurance
• Allows exporters to protect against buyer nonpayment
• Enables exporter to extend open account credit terms to buyers
• Medium- and Long-Term Insurance and Loan Guarantee
• Assists international buyers in obtaining lender loans to purchase U.S. capital goods and services.
• Typically one to seven year terms and longer for large projects, aircraft, etc.
Export-Import Bank of the United States (EXIM)
GO GLOBAL Webinar Series
Wendy PeeblesLead Outreach CoordinatorU.S. Census Bureau
Next Level Federal Resources- Census
Contact Information• International Trade Help Line 800-549-0595
• Automated Export System, Option 1
• Schedule B Commodity Classification, Option 2
• Foreign Trade Regulations and Export Filing Requirements, Option 3
• Trade Data Productions, Option 4
• Outreach Activities, Option 5
Census Academy www.census.gov/academy
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