eCommerce businesses face major concerns
According to Statista, the UK has the most advanced eCommerce market in Europe. In 2020, 87% of Great Britain’s population made online purchases and the most recent figures from the Office of National Statistics show the UK’s eCommerce revenue in 2018 amounted to £688.4 billion.
All eCommerce businesses trading in or through the UK now face major concerns about the impact of Brexit. With the imminent end to the transition period on 31 December, eCommerce businesses have more questions than answers relating to the movement of goods, VAT, customs duties and what all this means in terms of consumer pricing. With this deadline looming, and in a year which has broken all records for eCommerce sales, the need for answers is key.
Regardless of the outcome of Brexit, experts believe the eCommerce sector will be heavily impacted. New tariffs, regulations and structures will leave all small and medium scale companies operating in the UK facing significant issues with the most likely challenges being:
InterSend is here to help. If you would like to speak with a member of our team to discuss your eCommerce business in a post-Brexit world, we’d be delighted to talk with you. Contact us on 01293 312001 or email firstname.lastname@example.org and a member of our team will come right back to you.