- Strong growth in electronic transactions for import volumes in Asia -
Parsippany, NJ, August 24, 2010 - INTTRA, a leading global provider of e-commerce solutions for the ocean freight industry, has seen a 33.8% increase in growth in ocean e-commerce usage in the past 12 months, nearly three times the rate of global container market growth of 12.4 %, according to Drewry Container Forecaster, June 2010.
With more than 350,000 container transactions initiated on the INTTRA platform each week, representing 12% of global ocean container trade, INTTRA is able to provide a unique view of trends in usage of electronic business processes throughout the global ocean container supply chain.
According to data from INTTRA, ocean shipping e-commerce usage has grown significantly for imported cargo flows to countries in Asia with sustained increases in e-commerce usage year over year (YoY), particularly for imports to Malaysia (93%), South Korea (100%) and Singapore (33%), compared with 16.3% regional container market growth Q1 2010* (YoY). This growth may reflect the significance of growing domestic demand in the region. Stimulus programs, combined with a structural pick-up in demand from investment and consumption, are helping to lift e-commerce usage for imported cargo.
"Although e-commerce adoption is not an index of business recovery, it is clear that companies across the global ocean supply chain have responded to the recession by streamlining and standardizing business processes, enabling them to be better equipped for the future," said Ken Bloom, CEO of INTTRA. "The adoption of electronic commerce and automating the ocean supply chain is an essential component for the development of trade and the logistics sector. We are pleased to see our investment in Asia, which started a few years ago, has positioned INTTRA to support customer demand for e-commerce in the region."
About INTTRA
INTTRA is a leading global provider of e-commerce solutions to the ocean freight industry. INTTRA professionals work with over 30 leading carriers and their customers to streamline and standardize their shipping processes worldwide through a network of over 20,000 corporate locations. More than 350,000 container orders are initiated on the INTTRA platform each week, representing more than 12 percent of global ocean container trade.
For further information, visit www.inttra.com or contact Andy Barrons, Vice President of Marketing, +1.973.265.2208, This e-mail address is being protected from spambots. You need JavaScript enabled to view it
*Source: Drewry Container Forecaster, June 2010
INTTRA, the INTTRA logo, INTTRA-LINK, INTTRA-Desktop, INTTRA-ACT are trademarks or registered trademarks, service marks or registered service marks of INTTRA, Inc. All other product and company names mentioned herein may be trademarks of their respective holders
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