Amazon reopens its European distribution network
Sellers will be able to use Amazon logistics inventory stored in their domestic distribution centers to distribute cross-border orders for eligible goods, but EFN fees will change. The change will be phased in by May. During the one-year promotion period from March 31, 2022, Amazon will provide a 20% discount on the cost of the European distribution network between the EU and the UK.
Shenzhen strengthens the management of cross-border drivers and cross-border trucks
In view of the spread risks brought by cross-border transportation, Shenzhen has recently strengthened the management of cross-border drivers and cross-border trucks, implemented the full list management of cross-border drivers, one person, one gear, closed-loop management of the whole process, conducted nucleic acid detection once a day, implemented centralized residence, and received and sent through special transfer vehicles. Relevant departments in Shenzhen suspended the exemption of fixed isolation qualification for 60 days and permanently cancelled the exemption of entry isolation filing qualification for 882 cross-border drivers who violated the "three points and one line" management regulations. Sea freight
Etsy's Gmv reached US $4.2 billion in the fourth quarter, with a year-on-year increase of 11.8%
Recently, American e-commerce Etsy reported the fourth quarter financial results as of December 31, 2021 and announced that the seller's sales commission will be increased from 5% to 6.5%, and the fee change will take effect on April 11, 2022. It is reported that the Gmv of each active buyer in Etsy market in the past 12 months was $136, a year-on-year increase of 16%. In addition, Etsy's revenue and Gmv increased by more than 30% in 2021, and its adjusted EBITDA profit margin reached 31%.
The RMB exchange rate hit a new high in nearly four years and was popular with global safe haven assets
Recently, the onshore and offshore spot exchange rates of RMB against the US dollar hit 6.3095 and 6.3016 respectively, approaching the range of 6.2, both reaching a new high since April 2018. Industry insiders believe that this is due to the strengthening of domestic economic fundamentals and trade competitiveness, as well as the continuous improvement of international capital's recognition of RMB, which leads to the inflow of overseas funds to Chinese assets. Sea freight
India's e-commerce market will exceed US $100 billion in 2023
Emarketer predicts that by the end of 2022, India's e-commerce sales will soar by 25% to $80 billion. It is estimated that it will maintain a stable double-digit growth from 2021 to 2025, its sales will more than double, and will break through the $100 billion mark for the first time in 2023. Emarketer predicts that this year's online retail sales in India will rank fourth in the Asia Pacific region, second only to China, Japan and South Korea.
Shopify will introduce more third-party platforms
It is reported that Shopify recently announced that it will help sellers find third-party solutions, that is, let sellers easily use the third-party platform to manage online business. In this regard, Shopify is currently studying these three areas: intuitive navigation, category definition, application and theme. Shopify will reduce website fraud. Shopify is rectifying the seller's shop. It is reported that Shopify will directly share details about the matter with the public through email, blog posts and social channels. Shopify's goal is to make its online market more secure, simple and personalized.
Wish will close the logistics project "FBW" in April
On February 25, wish recently issued a new announcement to merchants, announcing that it would close the fulfillment by wish logistics project on April 11, 2022 UTC time. It is reported that this move is to further improve the platform experience of wish merchants and users, and focus on helping merchants improve their logistics performance. From April 11, fbw-eu-ams warehouse and fbw-us-plg warehouse will no longer support order delivery. Merchants can transfer or destroy FBW inventory before April 11 to avoid paying more inventory storage fees.
Ministry of Commerce: take multiple measures to promote the stable development of foreign trade
Recently, the Ministry of Commerce and China Export Credit Insurance Corporation jointly issued the notice on increasing export credit insurance to support cross cycle regulation and further stabilize foreign trade. Gao Feng, a spokesman for the Ministry of Commerce, introduced that export credit insurance is an internationally accepted means of trade promotion in line with WTO rules and has played an important role in stabilizing foreign trade and foreign investment. Sea freight
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