E-Commerce and Brexit: 6 Articles to Read
By Sarah Beldo /
1 Jul 2016
We’ve all seen the dire financial headlines about the Brexit aftermath: the pound falling to a 31-year low, major U.K. retailers suffering drops in their share price, and $2 trillion lost off the global market. But what will it mean for e-commerce in particular – in the U.K, in Europe, and globally?
We’ve gathered a handful of articles to help you start to get your head around the e-commerce implications…
1. How Will Brexit Affect U.S. E-Retailers? (Internet Retailer)
The short answer: it will undoubtedly be more complex for U.S. companies to sell to British buyers. For Top 500 web merchants, the U.K. is the top country to ship to (outside of North America).
2. Brexit could lose UK £33.4bn in e-commerce sales, claims Scurri (Post & Parcel)
Irish cloud company Scurri put an actual number to the potential damage that could be done by Brexit. “Almost 10% of sales done on UK websites are from outside of the country, and now, this could all be threatened or even lost with consumers not willing to purchase their products off UK based websites,” Scurri Founder and CEO Rory O’Connor told the Post & Parcel.
3. Bright side to Brexit: UK’s ecommerce platform potential can easily surpass that of Europe (Irish Business Times)
It’s not all dark clouds. As the digital channel becomes more and more important, Haydn Shaughnessy sees an opportunity for the U.K. to become a top player in cross-border e-commerce (that is, once it develops the right platform).
4. Ecommerce in the UK post-Brexit: Positives, negatives & opportunities (Econsultancy)
An independent e-business consultant lays out well-rounded list of positives, negatives, and opportunities – including the possibility of the U.K. becoming the heart of both e-commerce and technology – that could come in the future.
From international buyers cashing in on the weak pound (winner) to overseas supply chains faced with new tariffs (losers), get an overview of who’s in a good and bad position post-Brexit.
6. Will Brexit affect my U.K.-based ecommerce business? (Practical Ecommerce)
Talking on a macro level is one thing, but what does this mean for an individual? A small business owner in the U.K. ponders how the big news will affect his day-to-day operations, costs, and expansion plans.