There is no doubt that the United States and Canada have robust economic strength to support the development of e-commerce. And Mexico, as an emerging market with a population of nearly 130 million, although its e-commerce development is still not as strong as the United States and Canada, but it holds immense potential.
Amazon also sees the huge potential of the North American market. In order to help sellers in the United States, Mexico and Canada for better development, it previously launched a "NARF Plan" focused on North American logistics remote delivery.
This plan allows sellers in the United States, Mexico and Canada to share inventory, and the goods do not need to be warehoused in Mexico and Canada, can be shipped directly from the United States. Simply put, sellers do not need to set up separate inventory locations. This plan aims to increase sales for sellers, reduce FBA costs, and the platform can also rely on this plan to accelerate the pace of layout of the North American market.
In short, the North American e-commerce market is characterized by high concentration and high competition. For cross-border e-commerce sellers, high concentration means that there will be opportunities for greater exposure and sales opportunities; while high competition also means more pressure and challenges for sellers, and it will be more difficult for small businesses to break through.
An efficient and innovative financial tool plays an essential role for businesses to thrive. From payment to cash management, each step will save a lot.
iPeakoin, a global institution-grade cash management platform, can provide cross-border merchants an integrated financial solution for payments settlement. With iPeakoin Global Account, businesses of all sizes can open multi-currency accounts in the name of company, able to receive and make payments for suppliers, shipping, and manufacturing. Meanwhile, the Partical Treasury can also help businesses to grow their idle cash.
For more details, please visit ipeakoin.com. Also feel free to send us a note at firstname.lastname@example.org or https://t.me/ipeakoin (Telegram).