Zhimeitong | International Highlights
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[ Amazon announces two Prime Days this year ] Amazon plans to host its second Prime Day sale in the fourth quarter of this year. The sale is called Prime Fall, and it's the first time Amazon is hosting two Prime Day sales in the same year. According to reports, Amazon will start issuing Prime Fall promotion notifications to selected third-party merchants in the near future. Amazon hopes to ease sales pressure throughout the year with its fall sales. At the same time, Prime Fall will help sellers clear their inventory and relieve pressure on Amazon's storage capacity. This year, many shoppers have turned their spending to other places, such as travel and entertainment, due to stubbornly high inflation.
[The demand for luggage is rising, and export orders are scheduled until the end of the year] Recently, with the recovery of demand in the overseas luggage market, many domestic luggage export orders have increased significantly. In Pinghu, Zhejiang, one of the three major luggage production bases in the country, the person in charge of a luggage export company told reporters that the foreign trade orders in hand have been placed by the end of this year. It is understood that my country's luggage exports accounted for nearly 40% of the global market. From January to May this year, my country's luggage exports were 12.7 billion US dollars, with a rapid growth.
[IBM: Only 20% of U.S. employees return to the office for three days or more] As large U.S. companies begin welcoming employees back to the office in the spring, far fewer employees want to return to the office than they expected . Workers are mostly reluctant to return to the office unless the company mandates it . Only about 20 percent of IBM's employees are returning to the office to work three days or more a week, the CEO of International Business Machines (IBM) said. He also believes that the ratio will not return to near 60%, which could become the new normal.
[US May Existing Home Contracted Sales Index Surprisingly Up 0.7% MoM] The US existing home contracted sales index unexpectedly rose 0.7% MoM in May, ending a six-month streak of declines, but still down 12% year-on-year. The housing market is clearly going through a transition, despite a slight increase in for-sale homes compared with the previous month, said NAR's chief economist. Based on the median single-family home price and a 10 percent down payment, monthly mortgage payments have increased by about $800 since the beginning of the year, NAR noted.
[Hyundai and Kia Become the Hottest Electric Cars in the U.S. Market] Hyundai Motor and Kia Motors have become the hottest electric cars in the U.S. electric car market, with sales hitting record highs, pulling Tesla down from the altar. The launch of two electric vehicles from Hyundai and Kia—the Hyundai Ioniq 5 and Kia EV6—quickly took the U.S. market by storm, outpacing the Nissan Leaf, Chevrolet Bolt, and every other non-Tesla EV on the market. Hyundai plans to launch a new battery-powered vehicle every year for the next decade, and will spend $16.5 billion to boost electric vehicle production in South Korea.
[Lego returned to the United States after 16 years to set up a factory, creating 1,760 jobs in the next 10 years] Since the epidemic disrupted the global economy, the supply chain has not been able to return to normal. In the case of Lego, its solution was to move the factory closer to the market. The famous Danish toy company announced that it has invested $1 billion in the United States to build a new factory in Virginia, which will create 1,760 jobs over the next 10 years. According to the company's announcement, the new plant will start in the fall of 2022, with the goal of starting production in the second half of 2025. The company's chief operating officer said: "Our factories are located close to those largest markets to shorten the distances our products travel. This allows us to respond quickly to changing consumer demands and helps control our carbon footprint."
[Google completely abandoned Hangouts in October this year and turned to Chat App] Google has made a decision to abandon Google Hangouts Hangouts and move its users to the alternative Google Chat App. Hangouts Hangouts is a unified messaging service released by Google at the 2013 /O conference. In fact, this spring, Google has migrated Hangouts users of the Workspace platform, mainly from enterprises.
[Facebook video app no longer available on Apple TV] Facebook's smart TV app, which lets users listen to various videos, shows, and live broadcasts, is no longer available on Apple TV. Some users said they could no longer use the app after the latest update. In a MacRumors post, one user said that when turning on the Facebook Watch with the Apple TV 4K, he was prompted: "The Facebook Watch TV app is dead, but you can still find a lot of Facebook videos on Facebook." Many users have also reported similar experiences.
[Organization: This year's global TV shipments will decrease by 4.743 million units compared with last year] Market research company Omdia has lowered this year's global TV shipments to 208.794 million units, a decrease of 2.845 million units from the previous forecast, and compared with 2021 shipments The quantity is less than 4.743 million units. Omdia predicts that global TV shipments will be 116.426 million units in the second half of this year, and the market will pick up slightly. The industry believes that, affected by inflation and rising interest rates, the consumer psychology of the global home appliance market has shrunk, and the market demand for TV products has decreased.
[In the first half of 2022 in Italy, fires burned more than 9,000 hectares of land] According to a report released by Italy's largest agricultural operator organization, the Italian Home Farmers Association, based on data provided by the European Forest Fire Information System, more than 9,000 hectares of land in Italy have been damaged by fire in the past six months. The fires were more than double the average for previous years, as the country's severe drought this summer exacerbated the fire hazard. According to the report, Italy is experiencing a heat wave of up to 40 degrees Celsius, with fires doubling in many regions, and fire warnings in Sardinia and Sicily. Statistics show that, on average, each fire in Italy costs more than 10,000 euros per hectare of land to extinguish, clean up and rebuild the ecological and economic environment. Rainfall in Italy has halved on average compared to last year, the report said, with less rainfall in the Po River basin, which produces one-third of the country's crops.
[India does not implement anti-dumping measures on China-related rubber chemical additives] The Ministry of Commerce and Industry of India announced that it received the office memorandum issued by the Ministry of Finance on the same day. TDQ, PVI, CBS rubber chemical additives from China (Certain Rubber Chemicals viz., TDQ, PVI and CBS), TDQ rubber chemical additives originating in or imported from the EU, The final affirmative anti-dumping ruling made by TDQ Rubber Chemical Auxiliaries decided not to impose anti-dumping duties on the products involved in the above countries/regions.
[Russian report: Russian chocolate prices may rise by 30% but there will be no shortage] According to a research report on the chocolate market of the Russian Industrial Communication Bank Analysis Center, the price of chocolate in Russia may rise by 30%, but there will be no shortage of supply. According to the report, the main suppliers of cocoa beans to Russia are Côte d’Ivoire (33%), Ghana (18%), Cameroon (13%) and Nigeria (8%). Affected by European sanctions against Russia, there may be short-term disruptions in the delivery of raw materials.
[Sri Lanka runs out of gasoline and diesel in the deep economic crisis, and sends personnel to Russia and Qatar to find oil] On June 26, local time, Sri Lanka announced that it will send several ministerial officials to Russia and Qatar to ensure cheap oil supplies. On the same day, in order to save energy, Sri Lanka further extended the original two-week closure of non-essential state institutions and schools announced in the middle of this month until further notice, and only a few necessary staff were retained to provide the most basic services. A day earlier, Sri Lankan Energy Minister Kanchana Vijasekla said the country had run out of gasoline and diesel after several previously expected shipments were delayed indefinitely. He also apologized to Sri Lankan drivers for the still worsening energy crisis.
[Japan's Tepco prefecture issued a power supply warning for the first time, and the power supply capacity of Tokyo Electric Power Company may be less than 5%] This past weekend, Japan experienced a high temperature of more than 40 degrees Celsius, breaking the highest record in June. The demand for electricity used in continuous high temperature has soared. As it is expected that the power supply capacity in the Tokyo Electric Power Company's jurisdiction will be less than 5% today, the Ministry of Economy, Trade and Industry of Japan issued a newly established power supply warning for the relevant areas for the first time yesterday. In addition to the surge in demand for electricity, the difficulty in increasing power production capacity significantly is also an important reason for the tight supply and demand. At the same time as a large number of nuclear power outages, Japan's thermal power generation is facing bottlenecks in the short term due to the shutdown of old equipment and the impact of the Fukushima offshore earthquake in March this year.
[From July onwards, the price of electricity and gas in South Korea will increase] From July, the price of electricity and gas in South Korea will increase. Korea Electric Power Corporation said on the 27th that in the third quarter, the linked fuel adjustment fee for each kilowatt-hour of electricity will be increased by 5 won (about 0.03 yuan). Assuming that the monthly electricity consumption of a four-person household is 307 kWh, an additional electricity bill of about 1,535 won will be paid each month. The South Korean government froze electricity bills in the first two quarters of this year to stabilize prices. KEPCO said it had to make a price increase decision due to the impact of soaring commodity prices and international oil and gas prices. It is reported that the third quarter adjustment unit price submitted by Korea Electric Power to the government is 33.6 won per kilowatt-hour. Since the annual adjustment is limited to 5 won, there will be no further increase in the fourth quarter.
Zhimeitong | Logistics Highlights
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[Yangming Opens New South America West Route] Yangming Shipping announced that in order to better expand the services of South America West Route, it will launch a new South America West Weekly Route SA8 on the basis of the original SA6 and SA4 routes. According to the official website of Yang Ming Shipping, the SA8 route will make its maiden voyage to Ningbo on July 13, with the port sequence of Ningbo-Shanghai-Qingdao-Busan-Manzanillo-Lazaro Cardenas-Port Quetzal-Bue Naventura-Valparaiso-Ningbo, this route takes 70 days round trip.
[Baltic dry bulk freight index hits a near two-week low] The Baltic dry bulk freight index hit a near two-week low on the 27th, as the freight index for all ship types fell. The Baltic Dry Index fell 36 points, or 1.5%, to 2,295, its lowest since June 14. The capesize index fell 64 points, or 2.7%, to 2,332. Average daily earnings for capesize vessels fell $539 to $19,336. The panamax index fell 43 points, or 1.6%, to 2,652. Average daily earnings for panamax vessels fell $384 to $23,870. The Supramax index fell 10 points to 2,439.
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[Report: The number of new energy vehicles is expected to reach 77 million by 2025] According to the latest annual "New Energy Vehicle Market Long-term Outlook" (EVO) report, sales of new energy passenger vehicles will grow rapidly in the next few years. , from 6.6 million in 2021 to 21 million in 2025. According to the economic transition scenario, the number of new energy vehicles will reach 77 million by 2025, and will further increase to 229 million by 2030. This figure far exceeds the 16 million at the end of 2021, reflecting the extraordinary success of new energy vehicles in the energy transition so far.
Zhimeitong | For more information on e-commerce, please check [From September 1, the operation process of FBA to create shipments will be fully updated] Amazon issued an announcement saying that from September 1, 2022, Send to Amazon will completely replace the previous process of creating a shipment at sites around the world. At the same time, Amazon Cross-border Logistics Service (AGL) has fully required and supported Send to Amazon.
You can still use the old Create Shipment workflow until August 31, 2022.
The original operating procedures will not be available after September 1.
There will be no additional charges for the new operating procedures.
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