Business, Management and Accounting
5 years ago

Cross-border e-commerce revolutionizes traditional foreign trade industry competitiveness.

International Journal of New Developments in Engineering and Society
The Impact and Promoting Effect of Cross-Border E-Commerce on the Traditional Foreign Trade Industry
Fan Zhang

Paper Summary

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Cross-border e-commerce is changing how traditional foreign trade works. It helps small and medium-sized businesses compete with big companies by using online platforms to reach more customers and lower costs. By using the internet, businesses can streamline their supply chains, market products more effectively, and increase brand value. This shift towards e-commerce is expected to drive China's foreign trade growth in the future. To succeed in this new landscape, traditional foreign trade industries need to embrace cross-border e-commerce, expand internationally, improve their structure, and boost competitiveness on the global stage.