DHAKA: Bangladesh will record 72 percent growth a year in e-commerce transactions in the coming days, given the unprecedented increase in internet use, according to a study.
“Based on the ongoing trend, it is not hard to anticipate that consumers of Bangladesh are going to do online shopping just like the consumers in Western countries and the Asia Pacific,” said the study by Kaymu Bangladesh, a leading e-commerce company.
Bangladesh has become a potential market for global e-commerce giants thanks to its large young population and high rate of internet penetration. The study has been conducted based on 10 percent exponential growth in e-commerce transactions for each passing quarter over the past couple of years.
Along with the growth of domestic market, countries like Bangladesh will also benefit from cross-border shipments, and leading logistics providers like DHL is investing in the sector to seize opportunities in the B2C (business to consumers) global e-commerce market.
The sustained growth of cross-border e-commerce, to a great extent, is dependent on the retailers’ ability to meet the consumers’ expectations of seamless service, delivery and return.
The primary driver of future e-commerce would be a sound logistics framework: better transportation, improved delivery experience, order management, inventory visibility and returns management.
