UPS Capital Unveils How Merchants Can Thrive Amid Surge in Global eCommerce

The eCommerce industry is experiencing a significant transformation, with global sales projected to surpass an astounding $6 trillion in 2024. This rapid growth highlights the innovation and flexibility of merchants who have embraced the digital shift. However, with this surge comes an array of challenges that merchants must address to stay competitive and successful.

Rising shipping costs, increased fraud and heightened consumer demands can all pose as threats to a company’s success.  The 2024 Mid-Year Guide to Shipping Excellence, commissioned by UPS Capital, examines primary shipping-related obstacles faced by merchants amidst booming business and what they are doing to strengthen their supply chain and ensure success. 

The 2024 Mid-Year Guide to Shipping Excellence highlights key areas of concern and offers valuable insights to help merchants enhance their shipping experience. Topics covered in the report include:

• External factors threatening ecommerce success
• Strategies and tools to detect and mitigate fraud and theft
• Complexities with international shipping and global logistics
• Sustainable shipping practices to reduce a company’s carbon footprint

These actionable insights and recommendations equip merchants with the ability to not only navigate but thrive in the rapidly evolving landscape.  Whether it’s adopting new technologies, enhancing supply chain resilience or embracing sustainability, the 2024 Mid-Year Guide to Shipping Excellence provides the tools and knowledge necessary for success in 2024 and beyond.

Unless otherwise noted, all statistics used herein are derived from or based on information contained in The 2024 Mid-Year Guide to Shipping Excellence, which is based on an independent study conducted by Dynata in March 2024 of 500 eCommerce merchants and 1,000 U.S. consumers.