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By Meg Flippin Benzinga
The e-commerce market in Australia is taking off, spurred on by the COVID-19 pandemic, but now a mainstay among millions of Aussies who purchase everything from apparel to electronics over the Internet. In Australia alone, the e-commerce market is forecast to hit $3.3 billion by 2030, growing at a CAGR of 23.2% over 2023-2030.
But with that growth come expectations. Online shoppers in Australia want faster and more convenient deliveries as well as all the bells and whistles their American counterparts have grown accustomed to. While Globavend Holdings Ltd. (NASDAQ: GVH), a global e-commerce platform, doesn’t provide virtual try-on experiences or AI-driven personalized shopping just yet, it can make sure shoppers get their products a whole lot quicker thanks to its new block cargo agreement with Australia’s largest airline operator.
Speedy Delivery Via Commercial Jet
The block agreement, which is an arrangement between an airline and logistics company in which the company secures a set amount of cargo space on specific flights, is expected to enable Globavend to efficiently deliver products to customers across Australia. What’s more, the company says it will allow Globavend to fulfill the growing demand for online shopping in Australia.
"We are thrilled to continue our partnership with Australia's largest airline to tap into the booming retail market. This collaboration will not only benefit our customers but also support the growth of e-commerce in the country," said Frank Yau, CEO of Globavend. "With its extensive network and our advanced e-commerce platform, we are confident that we can provide a seamless and efficient shopping experience for customers across Australia."
Typically with a cargo block agreement, in exchange for guaranteeing the airline a set volume of space on the flights, the logistics company gets a favorable rate. Globavend said under the agreement, the airline will provide Globavend with secured cargo space in its flights to Australia and give it access to the airline's extensive network and cargo capacity, which opens up its ability to serve customers across Australia further.
Fixing Pain Points To Grow
As it stands, one of the big pain points of e-commerce in Australia is the time it takes for deliveries to get from the business to the home, given the sheer size of the country and the geographic distances between cities. That makes same-day and next-day delivery difficult or impossible for many areas of Australia. That’s particularly true when delivering from major cities to rural areas. It’s one of the biggest challenges facing e-commerce in the country. By inking the block cargo deal with the airline, Globavend is aiming to overcome those challenges by utilizing the airline’s several routes to get packages to consumers quicker than ever before. If it proves successful, it could be a boon for Globavend and its e-commerce customers who want an edge over the competition.
Globavend, which was formed in 2016, is positioning itself as an emerging logistics provider offering end-to-end logistics solutions in Hong Kong, Australia and New Zealand. The company’s customers are made up largely of enterprise e-commerce merchants or operators of e-commerce platforms that provide and support business-to-consumer (B2C) transactions. As an e-commerce logistics provider, Globavend says it provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, giving customers a one-stop solution, from pre-carriage parcel drop-off to parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation and delivery. The company is betting its latest agreement with Australia's largest airline will bolster its offering even more.
E-commerce is growing rapidly in Australia, but pain points, particularly getting packages delivered quickly, represent a challenge to growth. Globavend wants to change that. By hooking up with the airline, it's betting it can meet the delivery demand across Australia, empowering its customers and targeting growth. To learn more about Globavend’s integrated approach to delivery, click here.
Featured photo by Joey Csunyo on Unsplash.
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