Ecommerce Trends: Shipping and Fulfillment
With more shipping boxes on doorsteps, packages on trucks and products in the air than ever before, the global ecommerce sector is booming – and the Middle East is no exception.
According to market trends, more than a quarter of Middle Eastern consumers now shop online every month. 36 percent of shoppers between the ages of 18 and 24 shop online at least once a month, a substantial increase from previous generations.
Better pricing, product selection and convenience are often listed by these customers as the reason for selecting ecommerce over traditional brick and mortar purchases. With increasingly more youth than previously in most Middle Eastern countries, these trends are only expected to continue.
The Middle East is one of the fastest-growing e-commerce markets in the entire world. While it is still nowhere near as developed or complex as the markets in the United States or many countries in Europe, the region is experiencing an undeniable boom. It is estimated that online sales in the Middle East currently equal only a meager 2% of total retail revenue, as opposed to 15% in more developed regions. E-commerce in the Gulf States alone is estimated to quadruple from the $5 billion in profits seen in 2015 to $20 billion before 2020. There are some analysts that are even reporting estimated profits of $48.8 billion in 2021. Currently, almost 90% of online goods bought in the Middle East are still shipped from outside countries, but this is changing rapidly. As a result, there is huge potential for e-commerce profit during this modern age in the Middle East. (more…)
Starbucks Middle East Success Secrets – How a US coffee company succeeded in a region already saturated with coffee shops
Coffee and coffee shops are an integral part of Middle East culture, with many claiming that the ancient roots of coffee consumption rest in the Arabic-speaking world. A classical Arabic Abd al-Khadir ode to coffee claims it to be “the beverage of the friends of God.” Enter Starbucks, an utterly American Seattle-based coffee chain with over 600 stores in 12 Middle Eastern and North African countries, with a client base that is growing every day, and surging revenue throughout the region. How has Starbucks blended ancient Arabic culture with modern marketing into a delicious success? And why does the Middle East love the Starbucks brand?
Comparable to almost all major public holidays in the United States such as Easter, Christmas and Thanksgiving, the holiday of Eid Al Adha has created a boom of consumerism across many different industries within the Muslim world. Marketers need to understand how to effectively aim their marketing efforts towards this holiday in order to take advantage of the many
opportunities which accompany it. To successfully reach your target audience, it is important to know the facts that are covered in this guide, as appearing insensitive or ignorant about this holy day could be a damaging mistake for your business. In this all-encompassing Eid Al Adha guide, we will explain what the holiday is and how to maximize your reach towards the Muslim world.