Armenia: the Country of Ultimate Innovations

The triumph of online shopping is moving forward at a fast pace. Not only did it in the US and Europe, it also goes beyond its borders. Be alert to read related news.

When considering e-commerce, one of the most rapidly developing fields of business nowadays, Start Up Business News found out a that the number of online shoppers in the region of Eurasia and Caucasus clearly differed as opposed to America and Europe (eight-in-ten Americans are now online shoppers, app. 87% of U.K. consumers have bought at least one product online in the last 12 months). Our research revealed the main reason being the fact that the most online shops do not deliver goods to the region.

The variety of items was limited, branded and authentic goods were either unavailable or up to 10 times expensive, sales, deals and best offers were seldom real.

In these terms, Armenia, the name of which was lately in the headlines of nearly every political article, came up with new ideas and solutions.

Recently, Armenia, the homeland of Charles Aznavour, Kim Kardashian, Cher, Serj Tankian, has experienced a dramatic political turnaround. The nonviolent people's power of Armenians forced the Former Prime Minister to resign and a few weeks ago gave its vote to the leader of the revolution Pashinyan. This was not the only change for Armenia.

From relatively new countries, entering the field of online shopping, Armenia stands out for being the leader in the number of online shoppers if considered by the ratio of number-population in CIS.

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The idea to bring mail forwarding to Armenia was such a success, that Globbing, a company founded jointly in RA and US, not only becomes a big success in postal industry, but also becomes the fastest and the most successful startup in its country as Seaside Startup Summit declared. The company now applies innovative approaches and automated systems and solves problems that online shoppers face. Recently the company delivered its 1,000,000th parcel which is the highest registered result of delivered parcels and a fairly high index if the country population ratio is taken into consideration .

Recently, the company also opened its branch in Kazakhstan and is soon going to become even more geographically widespread. So now, people in Kazakhstan can also shop online from US and get their parcels in Kazakhstan.

Though the United States and China, the world's biggest economic superpowers, are home to the highest number of successful startups this example shows that smaller countries also have things to offer to the world. Wait for our next research which will be in another country of the region.

Sources:

BBC.com
International Research Center
Gurufocus.com
Seaside Startup Summit
Top Franchise.com
Franchisedirect.co

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