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Steep drops in commodity and freight costs in 2023 are expected to push down prices significantly. Following a slowdown in sales this year from 2021’s rapid growth rate, 2023 is expected to see sales decline by 0.9%. Regionally, APAC is expected to maintain its lead in the geared products market out to 2027 with a CAGR of 4.5%.
Many customers prefer to use their own freight carriers, so a B2B e-commerce platform must be able to accommodate third-party shipping. Differences in payment terms and shipping methods are good examples. In a B2B environment, customers are using credit terms, not just credit cards.
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