With the rapid improvement of Internet technology, cross-border e-commerce shows an explosive growth. Due to the decrease in overseas market demand caused by the COVID-19 epidemic, the import and export of foreign trade is depressed in 2020With the rapid improvement of Internet technology, cross-border e-commerce shows an explosive growth. Due to the decrease in overseas market demand caused by the COVID-19 epidemic, the import and export of foreign trade is depressed in 2020 and turns from negative to positive in the third quarter. In contrast, the import and export of cross-border e-commerce has maintained a trend of growth against the trend. Compared with traditional foreign trade, cross-border e-commerce has the characteristics of high delivery frequency, small volume of goods in a single transaction, and direct face to end buyers.
Cross-border e-commerce is expected to account for 20 percent of global air cargo by 2022, double the level in 2017, according to a new report from McKinsey & Company.
Tobia W Lfel, an analyst at McKinsey, said that in 2020, due to the COVID-19 epidemic worldwide, air cargo transportation capacity shortage, cross-border e-commerce consumption is hindered, and people will turn to domestic shopping. However, compared with the impact of global air cargo, cross-border e-commerce performance is still bright. With the gradual smooth flow of aviation and sea transportation, the supply chain tends to be stable, and the momentum of cross-border e-commerce continues unabated. It is estimated that 70% to 80% of cross-border e-commerce parts are mainly transported by air.
However, despite an increased share of air cargo volume in 2022, e-commerce's revenue contribution to the air cargo industry will remain low, expected to reach 12-13% by then, compared with 5% in 2017.