Will Ecommerce slow in the Brexit age?
In a recent article published on Forbes, the question of Brexit and its affect on e-commerce raised its head. Questions such as, "What will Brexit bring for the domestic e-retailer?" "How will it affect the international sellers?" and, "Will UK e-shoppers buy more from domestic online sellers?" are all hot topics at the moment.
The UK is a leader in e-commerce in Europe. It has the largest market and on average, 86% of internet users in the UK shopped online. But with Brexit, will this trend continue?
Nina Angelovska of Forbes researched for an answer. The full article can be found here but a quick summary would surmise that with increasing tariffs, checks and regulations, difficulties are on the horizon. That's not to say there won;t be more opportunities also. For domestic only trade, there may likely be an increase in trade as shoppers display their 'loyalties' to domestic products and look to avoid increased delivery times and tariffs.
However, the situation remains uncertain and the outlook can only become clear when a Brexit it done, and there may be many days ahead yet...