If the branding is right, customers will desire the products and be driven to buy them, even if the brand’s webshop does not offer localised e-commerce services.

Malcolm Scovil – Director of Marketing at Tophatter
YES Marketplaces are forecast to witness 40% of all e-commerce revenue by 2020 and so they’re likely to become the front line in the battle for brands and retailers looking to internationalise their offering. The lack of complexity around accessing marketplaces, combined with the fact that they offer a capex-light solution means that they’re also a great way to collect data and understand consumers across an array of countries. When it comes to the UK these factors become doubly important when Brexit is taken into consideration, as businesses increasingly focus their attention on cross-border sales to stabilise and grow.

Anthony Meierruth - Sales Manager at ePrice
YES As a key component of a cross-border strategy marketplace ARE the future of online retail. Gone are the days of regional online expansion through a sell managed website. Speed to market, low risk and financial scalability are critical to the success of online retailers and marketplaces offer all of these. They allow a national online retailer to explore new, untapped, markets and revenue streams with a speed that was unimaginable even 3 years ago.

David  Swift - Global E-Commerce Manager at TradeMe
YES Online marketplaces are expected to account for 40% of the global e-commerce market by 2020, which is just two and a half years away. You need only look at the number of global brands who are now developing a dedicated marketplace strategy to understand the importance they will play for anyone looking to make a success of online. Generally speaking, marketplaces are the start of most consumers online purchase pathway. It’s where people go to analyse prices, compare products or read peer reviews. Marketplaces also have a social element to them, which leads them to having longer site durations. Consumers will often simply browse, as they would do at a conventional mall, but from the convenience of their laptop, tablet or mobile device. As a proposition, it's difficult to compete with that.

Gareth Lloyd-Jones - Head of Europe Acquisition at Pivot
YES There is clearly a paradigm shift taking place as more retailers turn away from traditional brick and mortar retail and turn to marketplaces. We see that cross-border trade is the future of e-commerce with marketplaces being the cornerstone piece to that industry.

The post Expert Panel: "Marketplaces are the future of online retail" appeared first on Cross-Border Magazine.

May 25, 2017 – Los Angeles, CA – Newegg, the leading tech-focused e-retailer in North America and a growing force in global e-commerce, today unveiled details of its forthcoming Newegg Seller Day (June 15 from 10am until 6pm at The Crystal, One Siemens Brothers Way, Royal Victoria Docks, London, E16 1GB). Newegg will welcome aspiring and seasoned e-commerce sellers to this day-long event to equip them with the knowledge and tools necessary to take their businesses to the North American market and beyond. The event coincides with London Tech Week, which is expected to draw 40,000 attendees from 70+ countries.

“London Tech Week gives us the perfect platform to reach a diverse cross-section of e-commerce sellers from around the world,” said Danny Lee, CEO of Newegg. “Newegg Seller Day is a great opportunity for these businesses to embrace the concept of selling to customers in other parts of the world, and Newegg is the ideal partner to help them cross borders and expand their customer base.”

Newegg’s online retail platform has helped thousands of sellers expand their businesses into North America and other key markets. Newegg Seller Day is a free networking event for e-commerce sellers to learn about current cross-border and exporting opportunities, as well as trends driving the global e-commerce market. More than 200 UK/EU retailers and other brands are expected to attend.

Newegg Seller Day will feature a panel discussion at 3:25pm, Cross-border eCommerce Opportunities for UK Companies Looking to Maximize International Channels. Moderated by World First, the panel will feature e-commerce experts including Russ Shaw of Tech London Advocates and Pru Ashby of London & Partners. The panelists will share their experience and perspectives on cross-border e-commerce, offering a multi-faceted view into one of the most dynamic aspects of global e-commerce.

Retailers interested in attending Newegg Seller Day can learn more and register by visiting http://www.newegg.com/newegg-seller-day.

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The post Newegg Seller Day Comes to London June 15 appeared first on Cross-Border Magazine.