The new product is geared towards the ecommerce market and seeks to respond to the growing demand for cross-border ecommerce in the US region, allowing businesses to ship products up to 6.5 kg to their customers.
With 71% of retailers and 76% of manufacturers expecting the share of cross-border revenue to grow in the future, Parcel International Direct US aims to enable Singaporean retailers to grow their business in the US market.
The cross-border market is projected to grow at a rate of 25% annually between 2015 and 2020. This growth will bring the value of the market from USD 300 billion in 2015 to USD 900 billion in 2020 -- almost triple in a matter of half a decade.
The product offers international shipping option in 4-6 business days. Through IT integration, the DHL eCommerce Web Portal enables e-tailers to integrate their orders into the DHL network by preparing orders for shipping individually or in bulk, track and generate reports all from a single portal. This product follows the companys launch of Parcel International Direct Australia in October 2016.
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