News Snapshot:
With the COVID-19 pandemic severely disrupting the global economy, global e-commerce remains a rare economic bright spot. Following a record year in 2020, during which e-commerce sales rose 25.7 percent to $4.2 trillion, consumers are making a significant percentage of their purchases via cross-border e-commerce. By 2022, it is estimated that upwards of one in four buyers in the United States will have bought online from a merchant in a foreign country. China’s cross-border e-commerce business is growing even faster than the overall Chinese e-commerce market, which witnessed a 14.1 percent increase in 2021, according to China’s National Bureau of...
