In 2019, retail eCommerce sales worldwide amounted to US$3.53 trillion (Statista) and these revenues are projected to grow to US$6.54 trillion
US dollars in 2022.
Selling online through eCommerce gives access to a world of new customers without many of the challenges, risks and expenses of establishing a physical presence in a new market. And for many businesses, eCommerce has presented a lifeline during the COVID-19 pandemic, with bricks and mortar operations facing enormous challenges.
The opportunities undoubtedly exist, but to capitalize on them, businesses need to be equipped with the necessary knowledge and skills to make clear-eyed business decisions. Establishing a successful eCommerce operation is no different from running any business: it relies on careful planning, understanding the competition, risk mitigation, the ability to navigate sometimes stormy waters and, perhaps above all, dedication.
Over the month of September, the GTPA will present a series of five webinars aimed at helping you build and grow a successful eCommerce business.
Session 4: Risk management
Selling online – just as any business operation – comes with risks.The more you know, the more you can mitigate these risks.
This session will provide a checklist of key risk considerations, including:
- Knowing the law
- Getting your price right
- Getting paid
- Your returns policy
- Understanding the tax implications
- Cybersecurity and data protection
- Protecting your IP
Date: Tuesday 22nd September at 7pm (EST, EDT)/ Wednesday 23rd September at 10am (AED)
Session 5: Fulfilment and Logistics
To simplify global logistics, you need to have both a reliable supply-chain and, if you manufacture your own products, a sound manufacturing strategy.
- To round out our eCommerce series, we’ll examine:
- Establishing a robust supply chain
- Warehousing in-market
- Localising your manufacturing
- Third party logistics & fulfilment
- Knowing the real cost
Date: Tuesday 29th September at 7pm (EST, EDT)/ Wednesday 30th September at 10am (AED)