NOVA GLOBAL

The Nova Global team wishes you a joyful and prosperous holiday season! May this time bring peace, warmth, and happiness to you and your loved ones. We’re grateful for your trust and look forward to achieving even greater success together in the coming year. Merry Christmas and Happy New Year! ❤️ #NovaGlobal #MerryChristmas #HappyNewYear

It has become a great tradition for Nova Global to participate in The Delivery Conference! Next time we will meet in London on February 11, 2025. Ready to discover cutting-edge advancements in logistics and delivery? Join us to learn from industry leaders and connect with like-minded professionals 🙌 Don't wait – book your ticket now! http://bit.ly/45D4PnT #NovaGlobal #NovaGlobal_events #thedeliveryconference2025 #TDC2025 #londonconference #londonevents #logistics #delivery

As of 2024, the United Kingdom’s economy is characterized by its strong services sector, advanced manufacturing, and a robust trade network. Key Economic Sectors 👇 👉 Services The services sector dominates the UK economy, accounting for approximately 79% of GDP. This includes financial services, IT, and creative industries. Exports of services have grown significantly, reaching £479.4 billion in the 12 months ending September 2024, with the United States being the top destination 👉 Manufacturing and Technology Advanced manufacturing and pharmaceuticals remain vital, alongside an emerging focus on green technologies. 👉 Energy The UK continues to invest in renewable energy projects, aiming to strengthen its position in sustainable energy production. Top Export Products 👇 👉 Goods Major exports include machinery, vehicles, pharmaceuticals, and aerospace products. The automotive and aerospace sectors are particularly vital to the UK’s trade portfolio. 👉 Services Financial services, insurance, and telecommunications are key export strengths, with significant contributions from digital and creative services.* The United States is the UK’s largest trade partner, followed by Germany, Ireland, and France. Other significant partners include the Netherlands and Switzerland.* The European Union remains a crucial market, accounting for around 42.5% of UK exports in 2023, though trade with non-EU countries has grown faster in recent years. While the UK continues to grapple with challenges such as trade deficits and global competition, its strong service-oriented economy and diversification of trade partnerships position it well for future growth. Let me know if you need more specifics! Nova Global offers reliable parcel shipping services between businesses and the United Kingdom, while also exploring new opportunities within the E-commerce sector. *Source: https://lnkd.in/dz2b5Y_t #NovaGlobal #NovaGlobal_countries #UK #ecommerce

In 2023/2024, the European cross-border e-commerce market hit €326 billion, with online marketplaces contributing 69% of this total. Leading platforms like Amazon and eBay maintain significant dominance. However, the top 100 marketplaces have seen a 39.29% growth, reaching €197.01 billion. Despite projected slight declines in marketplace share by 2025, cross-border GMV continues to grow, with almost all visitors expected to engage in cross-border shopping, signaling ongoing expansion in the sector. Here are some key takeaways: The e-commerce landscape is rapidly changing, driven by multichannel strategies and the rise of Chinese marketplaces. Sellers increasingly diversify their platforms, driven by high Amazon costs, market saturation, and the need for brand independence. Shein and Temu disrupt global competition with direct-from-manufacturer models, low prices, and social media-driven marketing, though their growth raises regulatory concerns over local business impacts and labor practices. The success of global e-commerce will depend on how effectively Western companies adapt through innovation and tackle challenges in an increasingly competitive and regulated market. Read more by following the link:  https://lnkd.in/dTyjUBVJ #NovaGlobal #NovaGlobal_trends #ecommercemarket #ecommerce #crossbordershopping #globalecommerce

As of 2024, Lithuania’s economy continues its recovery, supported by diverse key sectors and strategic trade partnerships. Key Economic Sectors 👇 Manufacturing remains a vital part of Lithuania’s economy, with a particular focus on chemicals, machinery, and electronics. Lithuania also has a strong reputation in food processing and textiles sectors. Services contribute a significant portion to the GDP, with growing sectors including IT, finance, and tourism. The digital sector in particular has seen rapid expansion, aided by Lithuania’s favorable business environment for startups. Agriculture is another important sector, though it has seen some challenges due to market fluctuations and climate conditions. The agricultural landscape includes products like grains, vegetables, and dairy. Top Export Products (2023) 👇 Petroleum oils and related products (such as fuel) accounted for the largest share of exports, making up around 11.9% of the total export value. Other significant exports include motor vehicles, furniture, pharmaceuticals, and cereals. Lithuania also exports chemicals, including medicaments and plastics, contributing to the global supply chain in diverse industries. Key trade partners include Germany, Poland, Latvia, the United States, and the Netherlands. Nova Global provides businesses with dependable parcel shipping services to and from Lithuania and is also exploring opportunities in E-commerce. *Source: https://lnkd.in/e4BNBSTu  #NovaGlobal #NovaGlobal_countries #Lithuania #ecommerce

According to the eCommerce Navigator Q3 2024 report, the cost-per-click (CPC) growth has stabilized at 2% year-over-year after several quarters of double-digit inflation. This stabilization allows brands to scale ad volume without proportionate cost increases. Meanwhile, retail media spending grew by 28% year-over-year, significantly outpacing traditional digital advertising. Amazon remains a dominant player, but Walmart is gaining traction with higher engagement rates (1.2% CTR vs. Amazon's 0.8%). Walmart's more stable return-on-ad-spend (ROAS) metrics and growing advertiser investment highlight the increasing competition in this space. To succeed in this dynamic market, brands should leverage stabilized costs, diversify platform strategies, and balance performance marketing with brand-building initiatives. With retail media projected to account for $140.1 billion globally in 2024, those who adapt effectively will thrive. Here are some key takeaways:  • Cost Stabilization: CPC growth plateaued at 2% YoY, creating an opportunity to scale ad volume without significant cost hikes.  • Platform Growth: Retail media spending increased by 28% YoY, outpacing traditional digital advertising.  • Future Trends: Brands should balance lower-funnel tactics with brand-building and diversify across platforms for better engagement and ROI. Read more by following the link: https://lnkd.in/g6byaA7R #NovaGlobal #NovaGlobal_trends #eCommerce #market #marketing

As the market continues to evolve at a rapid pace, what are your predictions for European B2C e-commerce by the end of 2024? 🤔 Share your thoughts in our poll below and find out if your forecast aligns with the outcome! #ecommerce

Latvia's economy in 2024 is gradually recovering from earlier contractions, with real GDP expected to grow by 1.7% in 2024, up from a slight decline of 0.3% in 2023. This growth is driven by improved household purchasing power, public investment, and stronger external demand, despite risks posed by geopolitical tensions and weak external demand in the previous year. Inflation has significantly moderated from highs in 2023, with headline inflation projected to drop to 2% in 2024, although core inflation remains higher due to rising wages.* Latvia's leading export categories include: - wood and wood products; - machinery; - equipment; - mineral products. The country is also known for exporting agricultural products like dairy and grains. Key trade partners are predominantly within the European Union, including Lithuania, Estonia, Germany, and Sweden. The United States is a significant partner outside of Europe, especially for machinery and electronics. Nova Global provides your business with reliable parcel shipping services to and from Latvia. We are also actively exploring opportunities in the e-commerce sector. *Source: https://lnkd.in/dj8pPMS9 #NovaGlobal #NovaGlobal_countries #Latvia #export #import #ecommerce

The Nova Global team joins the China (Shenzhen) International Logistics and Supply Chain Fair (CILF)! 🗓 September 23-25 📍 Shenzhen The upcoming event offers a great opportunity for industry players and buyers from around the world to network in person and exchange the latest trends and insights. Contact us to arrange a personal meeting with Nova Global team members: [email protected] We look forward to seeing you! #CILF #NovaGlobal #NovaGlobal_events #internationallogistics #logistics #supplyсhain

In today's post, we want to share part of the research from RETAILX regarding sports goods around the world with you. Let's talk about regional breakdown. Spending on sports goods is declining worldwide, except in the Americas, where growth is still evident, particularly in the US and Canada. This growth is due to a strong pre-pandemic trend in health and wellness that persisted post-pandemic. In contrast, Europe and Asia are experiencing a slow but clear decline in sports goods spending, driven by changing lifestyles, recession, and high interest rates, especially in Europe. Revenue changes from the peak in 2021 to the end of 2023 highlight significant market shifts. Europe, which saw strong growth in 2020 and 2021, experienced a downturn in 2022 due to inflation and cost-of-living pressures. The Americas were less affected by these economic shocks and recovered more quickly. Asia, the largest market by volume, saw a marked contraction in 2023. Consumer spending on sports goods has declined in Asia and Africa since 2020. Despite this, the Americas and Asia have spending levels above the global average. The trend reflects a market correction following the pandemic-induced surge in spending on home and limited outdoor exercise. Online spending on sports goods steadily grows across all regions but still makes up less than half of total sales. In the Americas and Asia, e-commerce accounts for about a third of sports goods sales, driven by tech-savvy, affluent consumers. Mobile shopping is particularly dominant in Asia, where it accounts for 70% of online sports goods purchases. The connection between sports, mobile technology, and health apps is strengthening globally. Want to dig deeper into the topic of global sports goods? Click here: #NovaGlobal #NovaGlobal_trends #market #ecommerce