Pitney Bowes Announces New and Enhanced Cross-Border Services as Parcel Volume Growth Exceeds 100% in One Year
July 19 2021 - 9:16AM
Business Wire
Leveraging twenty years of experience in
international ecommerce to help clients prepare for peak and claim
their share of the global cross-border market estimated to account
for 20% of all ecommerce sales by 2025
Pitney Bowes Inc. (NYSE: PBI), a global technology company that
provides commerce solutions in the areas of ecommerce, shipping,
mailing and financial services, today announced a new and enhanced
suite of Cross-Border Services designed to help ecommerce
merchants, from small independent sellers to large online
marketplaces, grow their businesses and efficiently reach more
global consumers.
“Pitney Bowes has made significant strategic investments to
modernize our cross-border services, including enhancing our
technology and adding new logistics capabilities to help power
cross-border ecommerce for the world’s largest marketplaces,
millions of merchants, retailers, and brands, including Gilt Group,
L.L.Bean, PacSun, Rue La La and WWE,” said Gregg Zegras, EVP and
President, Global Ecommerce, Pitney Bowes. “These investments,
along with all we’ve learned from more than 20 years of industry
experience, have manifested in the new and improved suite of
cross-border services we are bringing to market to help our clients
grow.”
Pitney Bowes has strengthened its industry leading end-to-end
cross-border service for ecommerce merchants and will now also
offer merchants the increased flexibility of more modular solutions
to meet specific needs. With the enhanced Pitney Bowes family of
cross-border services, a retailer can now have a solution that fits
their business no matter where they are on their international
journey. The suite is comprised of four core services:
Cross-Border Retail:
Pitney Bowes flagship end-to-end cross-border
export experience for online retailers, including promotion through
the consumer-facing Borderfree program, to localization and
checkout, through compliance, delivery and returns to more than 200
countries and territories. Now enhanced with upgraded technology
and a revamped client experience.
Cross-Border Storefront:
The technology front-end of Cross-Border
Retail as a stand-alone service for merchants who want to create a
superior global online shopping experience, including the
consumer-facing Borderfree program, while handling logistics
separately.
Cross-Border Delivery:
A delivery service powered by our global
logistics network with product classification and duty/ tax quoting
included to seamlessly reach customers in more than 200 global
destinations.
Cross-Border Quoting:
Optimized product classification and duty and
tax quoting technology based on data collected over more than 20
years of serving global marketplaces and retailers as a stand-alone
service, powered by machine learning.
“These new and improved cross-border services complement our
domestic ecommerce offerings, including fulfillment, delivery and
returns,” said Zegras. “We’re making them available to new and
existing clients who want to keep building on the extraordinary
momentum in the ecommerce space. Ecommerce is setting records by
nearly every measure, and cross-border ecommerce is growing even
faster than the market at large.”
The company’s heritage in cross-border ecommerce stretches back
to 1999 when Borderfree was founded and eventually launched the
world’s premier cross-border ecommerce platform. Pitney Bowes
acquired Borderfree in 2015 and added Cross-Border Delivery as a
standalone service in 2018.
“Parcel volumes from our cross-border clients grew 100%
year-over-year in Q1 2021, as we continued to invest in technology,
capacity and our cross-border success,” Zegras said. “Cross-border
is the cornerstone from which the Pitney Bowes Global Ecommerce
business was built, and we continue to invest in the growth of our
clients in the cross-border space and across the full spectrum of
ecommerce services.”
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global technology company providing
commerce solutions that power billions of transactions. Clients
around the world, including 90 percent of the Fortune 500, rely on
the accuracy and precision delivered by Pitney Bowes solutions,
analytics, and APIs in the areas of ecommerce fulfillment, shipping
and returns; cross-border ecommerce; office mailing and shipping;
presort services; and financing. For 100 years Pitney Bowes has
been innovating and delivering technologies that remove the
complexity of getting commerce transactions precisely right. For
additional information visit Pitney Bowes at
www.pitneybowes.com.
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Brett Cody, Pitney Bowes, (203) 218 1187, brett.cody@pb.com
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