The proportion of orders leaving the UK in July was recorded at almost 27 per cent, the highest percentage in the five year history of the IMRG MetaPack UK Delivery Index, which tracks a wide range of key benchmark metrics to enable organisations to benchmark performance, track trends and take informed strategic decisions.
“While it's hardly surprising that cross-border volumes have risen since the Brexit vote, the question is whether this upturn in orders will be temporary or sustained over a longer period. As the July average order value has risen on June, we might surmise that shoppers initially used the opportunity to snap up a bargain or two, but are now realising that the deals are very attractive and are loading up their baskets with more goods each visit. While this upturn is good news in a way, clearly there will be pressure on margins due to all products being discounted for cross-border shoppers, in effect,” said Andrew Starkey, head of e-logistics, IMRG.
“July is usually a month in which retailers enjoy a mini-peak in sales, but the impact of Brexit on shopper confidence is now being felt. The increase in order values from EU consumers snapping up bargains thanks to the drop in Sterling is welcome, however. We expect that over the next few months we'll see a return to much greater volume growth, ensuring that forecasts for the year are met,” said Kees de Vos, chief product officer at MetaPack, which provides e-commerce and multi-channel delivery technology to leading retailers. (RKS)
Fibre2Fashion News Desk – India
Textiles | On 25th May 2017
Huntsman Corporation and Clariant have announced that their boards of ...
Apparel/Garments | On 25th May 2017
European cities were the preferred new destination for international...
Ozone PB Spintex Limited
‘We have made huge investments to ensure quality yarn production.’
‘It is going to take some time for Indian buyers to get accustomed to...
Bridalwear is not about reds and whites anymore
Technical Absorbents Ltd
Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...
Schlegel und Partner
Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...
Swerea IVF AB
Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...
She grew up in the walled city of Old Delhi, completed her studies, and...
Golfwear and menswear brand Devereux is set for greener pastures. Robert...
Yash P. Kotak
Bombay Hemp Company
One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...