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Agreement will create new market access and economic growth

The breakthrough deal represents nearly 40 percent of global GDP from the Americas to Asia. The agreement aims to establish the rules of trade for the 21st century and based on early summaries provided to stakeholders, it encourages good regulatory practices, promotes transparency, and addresses discriminatory practices between state-owned and state-supported entities that compete with the private sector.

“Each day, UPS alone handles six percent of U.S. GDP and two percent of global GDP. TPP will help UPS customers across multiple sectors by bringing down tariffs, accelerating the release of goods through customs, and supporting the participation of small businesses in regional and global supply chains,” Abney continued.

Mobile usage and importance of physical store locations both increase

E-commerce continues to accelerate in the automotive aftermarket industry. New research shows that 56% of online automotive parts and accessories shoppers are making their purchases online – an 8% increase over the previous year. The study also indicates that consumers are combining online and in-store channels for an omnichannel shopping experience. Omnichannel is when shoppers seamlessly shift between mobile, online and in-store resources to research, purchase, pick up and return their items.

The findings are from the annual UPS (NYSE:UPS) “What’s Driving the Automotive Parts Online Shopper” study.