1. Amazon to acquire stake in Indian logistics company Ecom Express
On August 10, according to foreign media reports, in order to establish an internal logistics department, Amazon is negotiating to acquire more than 51% of Indian logistics company Ecom Express for $500 million to $600 million.
It is reported that Amazon India does not have its own logistics department, and if the deal goes through, Amazon will gain an in-house supply chain that will help further speed up its deliveries while reducing its costs.
2. Fedex levy surcharge in advance of peak season
On August 10th, Fedex (FedEx) set the start date of the peak period surcharge in advance. The company will start to collect the first batch of taxes and fees on September 5th, and according to the start of around mid-October and continue until Certain surcharges apply for weekly calculations in early December.
3. eMarketer: China's e-commerce sales and proportion are the world's first!
On August 10, the US research firm eMarketer released the ranking and market outlook of the top 10 countries in which e-commerce (EC) sales in major national retail markets accounted for total sales.
According to the report, China is the largest e-commerce market in the world, ranking first in both e-commerce sales and e-commerce share. It is expected that e-commerce sales will reach US$2,879 billion in 2022. The e-commerce ( EC) ratio is estimated at 45.3%, about three times that of the United States. In addition, the United Kingdom (35.9%) ranked second in the e-commerce (EC) ratio, South Korea (30.1%) ranked third, and the US e-commerce (EC) ratio of 15.0% remained in sixth place.
4. CMA CGM and COSCO Shipping opened new routes
On August 10th, shipping giants CMA CGM and COSCO Shipping opened a new route, which directly and quickly connects the multi-functional terminal of San Antonio Port in Chile with Hong Kong in Asia. Pedro Celis, Commercial Manager at the Port of San Antonio, said: " This new service is an excellent alternative to connect international trade between Chile and Asia, optimizing Chilean import and export logistics, allowing transit times between San Antonio and Hong Kong to be just 28 days. The shipping time is greatly reduced.”
5. Cathay Pacific Cargo resumes Queensland-Hong Kong route
On August 10, it was reported that Cathay Pacific Cargo has resumed weekly Boeing 747 freighter services from Toowoomba Wellkamp Airport in Queensland, Australia, to Hong Kong. "We are delighted to once again support local producers with a wide range of export products including chilled meat, vegetables and more to Hong Kong and beyond," the airline said in an Aug. 4 LinkedIn post.
6. JD.com and CIMC start strategic cooperation
It was reported on August 10 that the signing ceremony of the strategic cooperation framework agreement between CIMC and JD. It is understood that CIMC and JD.com will focus on cooperation in the fields of logistics technology equipment and services, material procurement and other fields based on their respective business layout and capability advantages.
7. COSCO SHIPPING Holdings intends to optimize the organizational structure
It was reported on August 10 that on August 8, COSCO SHIPPING Holdings Co., Ltd. held the twentieth meeting of the sixth board of directors, reviewed and approved the "Proposal on the Optimization Plan of the Company's Organizational Structure", and decided to optimize the company's organizational structure.
With the maturity of digital technologies such as blockchain, artificial intelligence, and the Internet of Things, and the adjustment of the layout of the global industrial chain, container shipping, as the core link of the global supply chain, has become more and more fundamental and leading role in building and It is an urgent need of COSCO SHIPPING to improve the globalized and digitalized container supply chain service system. To this end, COSCO SHIPPING Holdings intends to further enhance its ability to expand and supplement the chain, serve customers and create value through the establishment of a supply chain logistics department and a capital operation department.
8. my country implements zero import tariffs on 98% of tax items from 16 countries
On August 10, the Customs Tariff Commission of the State Council issued an announcement and decided that in accordance with the Announcement of the Customs Tariff Commission of the State Council on Granting Zero Tariff Treatment to 98% of Tax Items in Least Developed Countries (Tax Commission Announcement No. 8 ), according to China The government and relevant national government documents stipulate that starting from September 1, China will implement zero import tariffs on 98% of tax items from 16 countries.
It is reported that the 16 countries that implement zero tariffs this time include the Republic of Togo, the State of Eritrea, the Republic of Kiribati, the Republic of Djibouti, the Republic of Guinea, the Kingdom of Cambodia, the Lao People's Democratic Republic, the Republic of Rwanda, the People's Republic of Bangladesh, the Republic of Mozambique, Nepal, and the Republic of Sudan. , Solomon Islands, Republic of Vanuatu, Republic of Chad and Central African Republic. Among them, 98% of the tax items are the tax items with a tax rate of 0 in the annex to the Announcement No. 8 of 2021 of the Tax Commission, a total of 8,786 items.
9. Japan Air Cargo’s exports in the first half of the year fell 9% year-on-year
On August 10th, statistics released by the Japan Air Cargo Association recently showed that in the first half of this year (January to June), Japan's air cargo exports totaled 542,692 tons, a year-on-year decrease of 9%. The cargo volume in a single month in June was 88,711 tons, a year-on-year decrease of 12%, and fell below the year-on-year level for the sixth consecutive month .
According to the analysis, the impact of epidemic control on Japanese freight is still serious. In terms of freight exports to Europe, the UK was down 16%, Belgium, the Netherlands and Luxembourg were down 6% and Germany was down 1%. The United States, Japan's largest exporter, also fell 10 percent.
Official account: Bai Xiaosheng, cross-border e-commerce logistics