Zhimeitong | International Highlights
For more information, pay attention to the public number: Zhimeitong Research Institute
[Amazon will hold its first Prime member early access day] Amazon announced that it will hold a Prime Early Access Sale from October 11th to 12th. The event marks the start of Amazon's holiday season.
Amazon Prime Early Access Day covers the US, UK, Canada, France, Germany, Italy, Spain, Austria, China, Luxembourg, Netherlands, Poland, Portugal, Sweden and Turkey.
Exclusively for Prime members, the event will offer hundreds of thousands of items across all categories, including electronics, fashion, home, kitchen, pets, toys, and Amazon devices.
[S&P Global: The economic downturn in the euro zone is intensifying] Preliminary survey data released by S&P Global recently showed that the initial value of the euro zone composite Purchasing Managers Index (PMI) in September was 48.2, lower than 48.9 in August, for 3 consecutive years. Monthly below the 50 line of prosperity and decline is also a new low in 20 months. This bodes well for a continued economic downturn in the euro zone throughout the third quarter. The Composite Purchasing Managers Index is a measure of aggregate output in the manufacturing and services sectors. The indicator is above the 50 line of prosperity and decline, which means that the economy of the relevant industry is expanding, and vice versa. Soaring energy prices and rising living costs have not only hit demand, but in some cases have also curbed manufacturing production and service sector activity, economists said.
01. North America
[The Fed's "strong contraction" therapy exacerbates the world's economic woes] The Federal Reserve announced a 75 basis point hike in interest rates, the third time in a row this year to raise interest rates by such a large margin. This suggests that the Fed will likely not stop its "strong contraction" therapy until it sees a significant fall in inflation, which would significantly increase the world's economic woes. Analysts believe that global inflation has not and may not be able to fall back to pre-pandemic levels. The causes of this round of inflation are complex. The root cause is largely a supply-side shortage rather than demand-side overheating in the general sense. A simple "strong contraction" therapy aims to curb demand and cannot solve geopolitical crises, protectionism and epidemic-related issues. supply-side problems caused by the supply chain crisis. In other words, this is roughly a supply-side inflation that requires combination therapy.
[Boston Fed President's Debut: Need to Further Tighten Monetary Policy to Stabilize Inflation] The Boston Fed President said in his first public speech that the Fed needs to further tighten monetary policy to curb an unacceptably high inflation rate.
Collins, who took over as president of the Boston Fed on July 1, is also on the 2022 FOMC vote. She was previously a scholar specializing in emerging markets, exchange rates, and trade, holds a Ph.D. in economics from MIT, taught at Harvard and Georgetown, worked as an economic adviser in government, and served at the Federal Reserve Bank of Chicago. Director for nine years.
"Price stability will require slower job growth and, to some extent, higher unemployment," Collins said in a speech to a local Boston Chamber of Commerce.
[U.S. technology stocks have their worst two-week performance since the epidemic: Amazon fell nearly 8% last week] For technology industry investors, the stock market rebound in the third quarter of this year has become a bubble. The Nasdaq Composite has lost 5.5% and 5.1%, respectively, over the past two weeks, its worst two-week performance since the start of the U.S. coronavirus outbreak in March 2020.
Also, with the third quarter ending this week, the Nasdaq is likely to post its third straight quarterly decline unless it recovers its 1.5% loss over the last five sessions.
Investors have been dumping tech stocks since the end of 2021. They argue that higher inflation and higher interest rates will have a harder hit on the companies that rose the most during the boom. Currently, the Nasdaq is just above a two-year low hit in June.
[Amazon U.S. Updates Brand Referral Bonus Report] Amazon U.S. recently announced an update to the Brand Referral Bonus Report. The updated Brand Referral Bonus Report will help sellers track all bonus details in one place.
When sellers download the Brand Referral Bonus report, they can view details on factors that affect bonus earnings and how they are used, including: bonuses earned in the past 365 days; bonus amounts paid each month; how bonuses were credited in the past 90 days Referral fee transactions.
At the same time, Amazon US has also updated its attribution dashboard to include brand referral bonus amounts for attribution campaigns. With the Brand Referral Bonus, sellers can now maximize their non-Amazon marketing campaigns during the peak shopping season.
[Walmart Enters Roblox with Launches of Walmart Land and Walmart's Universe of Play] Walmart today announced the launch of two new immersive experiences on the metaverse platform Roblox. Known as Walmart Land and Walmart's Universe of Play, the spaces provide customers with unique interactive content and entertainment, bringing the best of virtual worlds from Walmart's "Islands" to life. Roblox community members can check out the Walmart "Island" to collect verch, catch top music artists, and unlock exclusive interactive content.
[Meta tries to unify account management and make it easier to switch between platforms] Meta announced on September 26 that it is testing a new feature that allows users to manage Facebook and Instagram accounts through a single interface. From this, it can be seen that Meta is trying to unify the apps so that they are not so different from each other.
One of the features is this: as long as users add Facebook and Instagram accounts to the manager, they can easily switch between the two. When the two accounts are connected, the user can switch freely, and can see the notification of the B application when using the A application. Such a feature also works for users with multiple accounts.
Not only that, Meta is also preparing to modify the user registration process to make it easier to log in and create accounts, which can help users easily create accounts on both platforms.
[Musk and Twitter CEO Evidence Collection Delayed] Musk and Twitter went to court because of the acquisition dispute. According to the original plan, on September 26, Musk and Twitter CEO will be questioned and complete the collection of evidence. But the forensics have been delayed and it is not known when it will take place, according to people familiar with the matter.
02. EU region
[Europe's largest coal-producing country is also short of coal, and Polish people stay up all night to buy coal] With the intensified energy crisis in Europe, European countries are scrambling to find alternative supply solutions for Russian coal and natural gas. The International Energy Agency predicts that global coal sales in 2022 will total The volume will reach 8 billion tons, returning to the record high set in 2013. As the largest coal producer in the EU, 70% of Poland's electricity comes from coal, and about 3.8 million households rely on coal for heating. In Podanka, in eastern Poland, people stay up late and wait in line to buy coal because they are worried about the lack of fuel in winter.
[German people protested, demanding the end of sanctions against Russia and the activation of "Nord Stream-2"] A large number of people held protests in the German city of Lubmin, demanding that Germany end energy sanctions against Russia and activate the "Nord Stream-2" natural gas pipeline . Protesters say the end of sanctions against Russia will bring energy prices back to reasonable levels.
03. Other regions
[British electric vehicle fast charging fee will catch up with petrol vehicle refueling fee] According to a survey by British car service company RAC Co., Ltd., due to the high energy prices in the UK, the cost of fast charging electric vehicles with public charging piles has been similar to that of petrol vehicles. . The survey shows that since May, the cost of charging electric vehicles using public charging points in the UK has risen by 42%, reaching an average of 63.29 pence (about 4.74 yuan) per kilowatt-hour. This kind of public charging pile is usually a fast charging mode, and you pay as you use it. For EV owners who don't have private charging stations at home and can only use public charging equipment, it costs 18p (1.35 yuan) per mile (about 1.6 kilometers) to run the car. According to the current UK oil price and an average of 40 miles (64 kilometers) per gallon of gasoline, the fuel consumption per mile of a fuel car is only 1 pence (0.07 yuan) more expensive than an electric car.
[Amazon India launches “AmazeWIT Circles” technical training campaign for women] Amazon India recently announced the launch of the “AmazeWIT Circles” social event, which aims to provide women with educational opportunities and enhance their skills in technical roles.
Curated by tenured software development engineers and led by Amazon technology leaders, the event covers topics related to technology advancement and continuing professional development. Around 50 female participants from cities including Bengaluru, Hyderabad, Delhi, Pune and others will participate in the half-day virtual event.
The "AmazeWIT Circles" event includes a leadership session featuring Amazon technologists and female leaders on topics such as data structures, coding, algorithms, and more. Participating women also had the opportunity to learn about Amazon culture and seek advice on skills from some of Amazon's tenured female employees.
[India continues to levy anti-dumping duties on China-related toluene diisocyanate] On September 21, 2022, the Revenue Department of the Ministry of Finance of India issued a circular no. Toluene Di-Isocyanate (TDI) with an isomer ratio of 80:20 originating in or imported from China, Japan and South Korea made the first affirmative final ruling on anti-dumping sunset review, and decided to continue the above countries The products involved in the case are subject to anti-dumping duties for a period of 5 years, which are respectively US$0.26/kg in China, US$0.15/kg in Japan, and US$0.22-0.44/kg in South Korea. This measure will take effect from the date of publication of this notification in the Official Gazette. This case involves products under the Indian customs code 29291020.
On October 5, 2016, in response to the application of Gujarat Narmada Valley Fertilizers & Chemicals Limited, an Indian company, the Ministry of Commerce and Industry of India conducted an anti-dumping investigation on toluene diisocyanate originating in or imported from China, Japan and South Korea. On January 23, 2018, the Ministry of Finance of India issued Notification No. 3/2018-Customs (ADD), accepting the Ministry of Commerce and Industry of India on December 14, 2017 to issue a notice on toluene diisocyanate originating in or imported from China, Japan and South Korea The final ruling made a decision to levy anti-dumping duties on the products involved in the above-mentioned countries, of which China is $0.26/kg, Japan is $0.15/kg, South Korea is $0.22-0.44/kg, and the validity period is 5 years. Extended from June 4, 2022 to September 27, 2022. On August 27, 2021, the Ministry of Commerce and Industry of India issued an announcement stating that in response to the application of the Indian company Gujarat NarmadaValley Fertilizers & Chemicals Limited, the toluene diol with an isomer ratio of 80:20 originating in or imported from China, Japan and South Korea Isocyanate initiated the first anti-dumping sunset review investigation. On June 24, 2022, the Ministry of Commerce and Industry of India issued an announcement to make the first anti-dumping sunset review affirmative final ruling on toluene diisocyanate with an isomer ratio of 80:20 originating in or imported from China, Japan and South Korea.
Zhimeitong | Logistics Highlights
For more information, pay attention to the public number: Zhimeitong Research Institute
[The first container of COSCO SHIPPING and Cainiao's new route arrives in Zeebrugge, Belgium, and double 11 stocking covers five European countries] Recently, the cargo ship CSCL SATURN under COSCO SHIPPING arrived in Antwerp-Bruges, Belgium. The arrival of the first container at the port of Zeebrugge marks the first time that COSCO SHIPPING and Cainiao have cooperated on the full-link fulfillment service of shipping. Realize the seamless connection of sea transportation, goods to port, port to warehouse. This batch of goods will then be transported by Cainiao and its partners to overseas warehouses in Belgium, Germany, the Netherlands, the Czech Republic, Denmark and other European countries at the COSCO SHIPPING Port Zeebrugge Station in the port area to relay the completion of this year's "Double 11" cross-border operation. International export logistics and distribution.
[DHL Express Releases Notice on Adjustment of Service Arrangements for the 2022 National Day Holidays] DHL Express today released the Notice on Adjustment of Service Arrangements for the 2022 National Day Holidays. According to the government's holiday arrangement, the National Day holiday in 2022 will be from October 1st to October 7th.
[The 2022 "China-Europe Railway Express-China Import Expo" departs from Hamburg, Germany to Shanghai] The 2022 "China-Europe Railway Express-China International Railway Express" bound for Shanghai departs from Hamburg, Germany. This is the second consecutive year that the exhibits at the China International Import Expo have traveled from Hamburg to Shanghai by the China-Europe train. The train has a total of 44 40-foot containers, of which 14 are loaded with German exhibits such as auto parts and pipes that participated in the 5th CIIE. After being reorganized in Malaszewicz, Poland, the train will pass through Belarus and Russia, enter through the Manzhouli port, and is expected to arrive in Shanghai in 22 days.
[Baltic dry bulk index fell slightly] The Baltic dry bulk index fell slightly on Monday, as the capesize and panamax index fell. The Baltic Dry Index fell 3 points, or 0.2%, to 1,813. The capesize index fell 11 points, or 0.5%, to 2,195. Average daily earnings for capesize vessels fell $86 to $18,207. The panamax index fell 3 points, or 0.2%, to 1,992. Average daily earnings for panamax vessels fell by $32 to $17,927. The Supramax index rose for the ninth day in a row, rising 5 points to 1,657.
Zhimeitong | E-commerce highlights
For more information, pay attention to the public number: Zhimeitong Research Institute
[Dunhuang Online Online U.S. Standard Line (General)-HX and other three channels] Dunhuang.com released about the American Standard Line (General)-HX, American Standard Line (General + Electric + Special) -HX, British Standard Line (General + Electric + Special) – Notification of HX going live.
There is no return and re-dispatch service for these three channels. The reference shipping time for US standard line (general)-HX and American standard line (general + electricity + special)-HX is 10-28 days, and the weight is limited to 0-5KG. The bubble count is 8000; the British Standard Line (general + electricity + special)-HX reference transportation time is 7-28 days, the weight is limited to 0-19KG, and the bubble count is 7000.
[AliExpress adds 5 major overseas warehouse service providers] Five overseas warehouse service providers including Gucang, Wanyitong, Qianxiang Box, Yibang, and Kaicheng have officially signed a contract to become AliExpress's ecological warehouse partners. The system is directly connected to provide automated overseas warehouse fulfillment services for merchants.
After being directly connected to the AliExpress system, merchants who stock up in these service providers' warehouses can quickly declare for overseas warehouses and get the "X-day delivery" logo; at the same time, stocking is more flexible and free, which can realize multi-platform sales and independent warehouse price negotiation.
Specifically, the AliExpress ecological warehouse supports "X-day delivery" rapid marking, and the merchant fills in the customer code of the service provider's warehouse to enable the configuration of the automatic delivery function, obtain AliExpress overseas permissions, and automatically obtain "X-day delivery". "Up to" standard, and the corresponding traffic rights.
[eBay provides protection for sellers affected by Royal Mail strike] The Communications Workers Union (CWU) of Royal Mail and Parcelforce recently called for workers who collect, sort and deliver parcels and mail to strike on 30 September and 1 October 2022 Event (originally scheduled for September 8 and September 9, postponed to commemorate the Queen's death).
In this regard, eBay will automatically protect sellers' service indicator ratings during September 30 and October 1, including: delayed delivery rate; effective tracking information upload rate; "item not received due to delayed delivery" (Item Not Received)” disputes; any negative and neutral feedback due to late deliveries or seller cancellations.
If sellers see late delivery records on the dashboard, as well as any related negative and positive reviews, eBay will automatically delete them within about 7 days. Therefore, sellers do not need to contact eBay customer service to remove these records.
[TikTok Shop Launches Ethnic Clothing Industry Investment Standards and Incentive Policies] In order to promote investment in the ethnic clothing industry and encourage business operations, TikTok Shop updated the Muslim industry investment standards in September & October, and customized exclusive business and TSP incentive policies.
Specifically, in the Muslim clothing directional invitation standard, the requirements need to be applicable to the UK & Southeast Asia market. This is the first time that Muslim clothing has updated the rules of invitation to settle in.
The existing access standards require sellers to have experience or qualifications in cross-border platform operations, as well as experience or qualifications in cross-border live broadcasting; experience or qualifications in domestic e-commerce platforms.
[Shopee Chinese cross-border sellers can ship directly from local warehouses] Shopee has set up overseas warehouses in Malaysia, Thailand, the Philippines, Vietnam and other markets, and additional domestic warehouses in Nanning, China; at the same time, Chinese sellers can open third-party warehouses (3PF) Store, the front desk shows local delivery.
Specifically, Shopee provides one-stop management of warehousing, shipping, and after-sales: sellers only need to be responsible for shipping goods to overseas warehouses or Nanning warehouses in the local market; after the store generates an order, packaging and shipping, follow-up after-sales and other links are handled by Shopee is responsible.
Sellers who open an official warehouse can receive exclusive incentive resources such as spikes, advertisements, and events provided by Shopee.