Zhimeitong | International Highlights

For more information, pay attention to the public number: Zhimeitong Research Institute

[Amazon US: Buyers can return products from self-fulfilling sellers through USPS or UPS] Amazon US announced that from September 5 to October 2, 2022, buyers can choose USPS or Amazon through the Amazon Prepaid Return Label Program. UPS returns products from self-fulfilling sellers.

Buyers who choose USPS or UPS as the return channel will be billed with USPS and UPS shipping charges, which may affect the return cost of self-fulfillment sellers, and sellers can request a refund for the difference between UPS and USPS shipping charges.

According to reports, only items returned through the Amazon Prepaid Return Label program and weighing less than 15 ounces and less than 130 inches in circumference are eligible for USPS or UPS returns.

Amazon offers buyers multiple shipping options, making it easy for buyers to ship returned products to the nearest UPS location, while also encouraging buyers to buy more from sellers.

[eBay offers protections for sellers affected by Royal Mail strike] The Communications Workers Union (CWU) of Royal Mail and Parcelforce is calling on its workers who collect, distribute and deliver parcel mail on Friday 26 August and Wednesday 31 August, and strike action on Thursday 8 September and Friday 9 September 2022.

In response, eBay UK issued an announcement stating that it will provide protection measures for sellers affected by this incident, and eBay will automatically protect sellers’ transactions from Monday, August 22 to Monday, September 18.

Specifically, for transactions with an estimated delivery date between the above dates, the platform will automatically remove the seller's delayed delivery rate calculation; at the same time, the seller's "unreceived package" count in the service metrics dashboard will be automatically removed, During this period, the platform will also remove and delay any negative and neutral feedback related to or resulting from non-delivery.

01. North America

[The US dollar index has continued to rise since mid-August, and experts say that the possibility of a rapid rise in the later period is low] Since August 11, the US dollar index has regained its upward momentum. The data shows that on August 15th and August 18th, Eastern Time, the US dollar index broke through the two integer points of 106 and 107 respectively, and then continued to rise. On August 19th, it stood at the 108 mark again, and the highest intraday price was 108.2229. The July 14 high of 108.6379, which hit a nearly 20-year high, is just one step away. On August 22, the upward momentum of the U.S. dollar index remained unabated. As of 5:00 ET, the U.S. dollar index reported an intraday high of 108.4966. When it comes to the trend of the dollar in the market outlook, experts generally believe that in the context of the weakening of the euro caused by the sluggish economic outlook in the euro zone and the Fed's insistence on tightening policies, the dollar index is likely to continue to fluctuate at a high level, but the possibility of a rapid rise is low.

[JPMorgan Chase expects the Fed to raise interest rates for the last time in September, which will lay the foundation for the stock market rally] JPMorgan Chase strategists said that the Fed may raise interest rates for the last time in September, thus laying the foundation for the stock market to continue to rise in the second half of the year. Strategists led by Mislav Matejka wrote in a note on Monday that we expect the Fed to raise rates again sharply in September, but after that, expect no more hawkish moves from the Fed to surprise the market.

[Survey shows that 72% of economists expect the next U.S. recession to begin in mid-2023] A new survey by the National Association for Business Economics (NABE) shows that 72% of economists surveyed expect the next recession The U.S. recession will begin in mid-2023. The survey also showed that 73% of economists said they were "not at all confident" or "not very confident" that the Fed said it would reduce inflation to 2% within the next two years without causing a recession, compared with only 13% of economists. Households said they were "confident" or "very confident" that the Fed could achieve this goal. In addition, according to the judgment of the National Institute of Economic Research (NBER), 19% of economists said the U.S. economy is already in recession, and only 20% of economists expect the U.S. recession will not begin before the second half of 2023.

The U.S. Food and Drug Administration (FDA) has approved Novavax's COVID-19 vaccine for emergency use in adolescents ages 12 to 17. In addition to the Emergency Use Authorization (EUA), the vaccine will provide a two-dose primary series for U.S. adolescents.

Notably, this is believed to be the fourth coronavirus vaccine to be marketed in the U.S. and, unlike the other three, uses protein-based technology. In July, the FDA gave emergency approval to Novavax for two doses of the COVID-19 vaccine for people 18 and older.

[New York State reports first juvenile monkeypox case] As of August 17, one of the 192 cases in New York State (excluding New York City) was under the age of 18, according to a weekly summary updated by the New York Department of Health. of patients. There are 14,115 confirmed cases of monkeypox in the U.S., according to the latest data from the Centers for Disease Control and Prevention (CDC). New York State reported the highest number of cases of any state, with 2,744 cases, followed by California with 2,663. The first two cases of monkeypox in children in the U.S. were reported in late July, and CDC officials said it may have been caused by family transmission.

[Amazon is bidding for healthcare company Signify Health] Amazon is one of the bidders for healthcare company Signify Health, according to people familiar with the matter. The home health care provider is in the midst of an auction that could be valued at more than $8 billion, people familiar with the matter said.

[Zoom’s revenue in the second fiscal quarter was US$1.1 billion, and its net profit fell 86% year-on-year] Video conferencing software developer Zoom today announced the company’s fiscal 2023 second quarter financial report. The report shows that Zoom’s total revenue in the second fiscal quarter was $1,099.5 million, an increase of 8% compared with $1,021.5 million in the same period last year; net profit was $45.75 million, compared with $317.1 million in the same period last year; attributable to the company Net income for common stockholders was $45.75 million, down 86% from $316.9 million a year earlier.

Zoom's fiscal second-quarter adjusted EPS beat Wall Street analysts' estimates, but revenue missed expectations and the company's outlook for both fiscal third-quarter and full-year 2023 revenue and adjusted EPS missed As a result, its shares fell sharply by more than 8% after the market.

[Netflix's ad-included plan may launch early next year: these content are difficult to insert] Although Netflix is ​​about to launch a lower-priced ad-supported subscription plan, it may not be in all the content of this plan. Ads are displayed in all places and may be cut from newer homemade movies and some children's shows.

It is reported that Netflix (Netflix) may not place advertisements when its self-made films are first released, but will insert advertisements at a later stage. While it's hard to tell how long Netflix's new ad-free movies will run, the decision could help ease filmmakers' concerns that ads could distract viewers.

02. EU region

[Barclays: The European Central Bank is expected to further raise interest rates to curb inflation] Barclays reported that the looming euro zone recession and energy crisis may not change the prospect of the European Central Bank to raise interest rates. The bank expects the ECB to raise its benchmark interest rate by 50 basis points in September. The ECB may raise interest rates by 50 basis points in October as inflation remains high. Barclays said the leaner stance of ECB members suggested a more aggressive tightening of policy may be needed to ensure record-high inflation does not unsettle inflation expectations. Barclays also said a technical recession no longer looks like a tight constraint.

[German Central Bank: The possibility of a recession in Germany is increasing, and inflation will reach double digits] The Bundesbank said that the possibility of Germany falling into recession is increasing, and inflation may reach a peak of more than 10% this fall. This raises the risk of rapid wage increases, especially given record-low unemployment, which could perpetuate high inflation through a wage-price spiral. Germany is one of the countries most vulnerable to disruptions to energy supplies as its sprawling industry relies heavily on Russian gas, and soaring costs have already weighed on output, with more trouble expected. The Bundesbank said the chances of a drop in economic output in the winter have greatly increased. The high level of uncertainty over natural gas supplies this winter and the sharp rise in prices could weigh heavily on households and businesses.

[Some French supermarkets help consumers deal with inflation: goods will not increase in price for 100 days, and expired food will be sold at discounts] According to a report by French financial media Capital on August 22, in order to increase the purchasing power of French people, French retail giant Carrefour announced a "limit of 100 products". The 100-day price plan will keep the prices of 100 daily necessities unchanged from the 22nd. The measure involves Carrefour's own brand products, covering fresh produce, groceries, beverages, hygiene products, small appliances, clothing and other commodities.

[TikTok signs a new office lease agreement in Ireland] Just two weeks after exiting talks to exit Marlet Property Group's 16,443-square-meter (177,000-square-foot) shipping office project at Pier One, TikTok has signed a deal with nearby Tropical Fruit The warehouse has signed an office lease agreement. Under the agreement, TikTok will own all 7,897 square meters (85,000 square feet) of office space in the six-story Riverside building.

03. Other regions

[British criminal barristers vote for general strike action] The British Criminal Lawyers Association said members of lawyers in England and Wales voted to hold an indefinite, uninterrupted strike in England and Wales from September 5. British lawyers joined railway workers, teachers and civil servants in backing strike action in the coming months as pay incentives lag four years of high inflation.

[UK scheme rewards households saving electricity during peak hours with up to £6 for every 1 kWh saved] UK residents who save electricity during peak hours will be rewarded. This initiative, proposed by the UK's unified energy system operator National Power Supply, aims to enable citizens to reduce energy consumption during the peak load times in autumn and winter. The company plans to pay households who reduce their electricity usage between 17:00 and 20:00, i.e. up to £6 per kilowatt-hour saved. If approved by UK energy regulator Ofgem, the package could be implemented by the end of October.

[Citi says soaring energy prices could push UK inflation above 18%] Citigroup UK economists wrote in a report, based on analysts' estimates that the average household energy bill will rise from the current £1,971 to nearly 6,000 in April next year. Sterling forecasts that UK inflation will peak at 18.6% in January next year. Nabarro warned that "risks remain skewed to the upside" and that the Bank of England may have to raise interest rates to 6% or 7% "if there are signs of more persistent inflation". He added, however, that rising unemployment could limit the need for such a steep rate hike.

[Brazil's central bank predicts that the country's inflation rate will be lower than 7% in 2022] A survey released by the Brazilian central bank on August 22, local time, showed that the country's expected inflation rate in 2022 is 6.82%, which is higher than the forecast released last week. Inflation was down at 7.02%, but still above the annual target of 3.5%. The survey also showed that Brazil's expected inflation rate in 2023 is 5.33%, which is higher than the target rate of 3.25% for that year. It is reported that the survey consulted 100 economists.

[South Korea's won falls the most in more than a month due to a widening trade deficit and risk aversion] The South Korean won recorded its biggest decline in more than a month, as South Korea's trade deficit widened in the first 20 days of August, while worries about aggressive Fed rate hikes suppressed Risk sentiment. The dollar rose as much as 1% against the won to 1,339.05, the highest since July 15.

[India levies provisional anti-dumping duties on Chinese-related ursodeoxycholic acid] On August 18, 2022, the Revenue Department of the Ministry of Finance of India issued notification No. 25/2022-Customs (ADD), which accepted the Indian Ministry of Commerce and Industry on June 30, 2022. The preliminary anti-dumping recommendation on ursodeoxycholic acid (UDCA) [Ursodeoxvcholic Acid (UDCA)] originating in or imported from China and South Korea, decided to impose a minimum price on the products involved in China and South Korea [the tax amount is imported The difference between the landed value of the commodity (if it is lower than the minimum price) and the minimum price] is subject to temporary anti-dumping duties for a period of 6 months. USD/kg. This measure will take effect from the date of publication of this notification in the Official Gazette. This case involves products under Indian customs codes 29181690 and 29181990 and some products under 2915, 2916, 2918, 2922, 2924, 2931, 2933, 2934, 2939, 2941 and 2942.

On January 24, 2022, the Ministry of Commerce and Industry of India announced that, in response to an application submitted by Arch Pharmalabs Limited, a domestic company in India, an anti-dumping investigation was initiated against ursodeoxycholic acid originating in or imported from China and South Korea. On June 30, 2022, the Ministry of Commerce and Industry of India made an affirmative preliminary ruling on the case.

[India terminates anti-dumping measures against China's tempered glass] On August 18, 2022, the Ministry of Commerce and Industry of India issued an announcement stating that it received the office memorandum issued by the Ministry of Finance on August 17, 2022, and the Ministry of Finance did not accept its application in May 2022. On the 13th, the first anti-dumping sunset review final decision made on the coated and uncoated textured tempered glass (Textured Tempered Glass whether Coated or Uncoated) originated in or imported from China, and decided to terminate the anti-dumping of the products involved in China. measures, and no longer continue to levy anti-dumping duties. The Indian customs code of the product involved is 70071900.

On June 23, 2016, the Ministry of Commerce and Industry of India conducted an anti-dumping investigation on coated and uncoated textured tempered glass originating in China. On August 18, 2017, the Revenue Department of the Ministry of Finance of India issued Circular No. 38/2017-Customs (ADD), deciding to impose anti-dumping duties of US$52.85/metric ton to US$136.21/metric ton on the products involved in China, valid until August 2022 17th. On June 7, 2021, the Ministry of Commerce and Industry of India announced that in response to the application submitted by the Indian company Borosil Renewables Limited, the first anti-dumping sunset review was initiated on coated and uncoated textured tempered glass originating in or imported from China. investigation. On May 13, 2022, the Ministry of Commerce and Industry of India made the first affirmative final ruling on the anti-dumping sunset review on coated and uncoated textured tempered glass originating in or imported from China, suggesting that China's products involved in the case should continue to be levied for a period of time. 2 years of anti-dumping duties, the tax amount is 192.82 US dollars / metric ton to 302.65 US dollars / metric ton.

Zhimeitong | Logistics Highlights

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[Baltic dry bulk index continued to fall as demand for larger ships fell] The Baltic dry bulk index continued its downward trend on Monday, hitting an 18-month low, as demand for capesize and panamax ships remained sluggish. The Baltic index for overall dry bulk fell 9 points, or 0.7%, to 1,270, its lowest level since December 2020. The capesize index fell for a third straight day, slipping 9 points, or about 1.2%, to 747, its lowest level in more than six months. Average daily earnings for capesize vessels fell $68 to $6,199. The panamax index, which has not recorded a one-day gain since July 25, fell 43 points, or about 2.55%, to 1,645 on Monday, hitting its lowest level in more than a year and a half. Average daily earnings for panamax vessels fell $380 to $14,808. The Supramax index rose 16 points to 1,751, its seventh straight session of gains and its highest level in more than two weeks.

[China's first high-speed rail train officially launched] A set of high-speed EMUs and a set of comprehensive inspection trains exported to Indonesia for the Jakarta-Bandung high-speed railway were shipped from Qingdao Port, marking the official departure of China's first export of high-speed rail trains. This time, the first batch of delivery vehicles of the Jakarta-Bandung high-speed railway is expected to arrive at the Port of Jakarta, Indonesia at the end of August. The Jakarta-Bandung high-speed railway is 142 kilometers long and will become the first high-speed railway in Indonesia and Southeast Asia when completed.

Zhimeitong | Domestic Highlights

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[Shenzhen’s cross-border e-commerce overseas warehouse exports doubled in the first seven months of this year] In the first seven months of 2022, Shenzhen Customs supervised overseas warehouse exports doubled year-on-year. It is understood that Shenzhen Customs has carried out intensive supervision reform, and centralized the overseas warehouse model filing and document review business in the post office customs, and the "one-stop" centralized handling of overseas warehouse model filing has shortened the processing time by about 30%. At the same time, Shenzhen Customs supports the development of an online business module for overseas warehouse filing. In the first seven months of this year, the number of new overseas warehouse filing companies in Shenzhen Customs District increased by 2.5 times year-on-year.

According to reports, Shenzhen Customs has launched an intelligent inspection and release platform to reduce the link of delivery and receipt, fully guarantee the smooth export of cross-border e-commerce goods through the shipping mode, and support e-commerce enterprises to enjoy the B2B policy dividends, taking advantage of the low cost of overseas warehouses and delivery. The advantage of high timeliness helps Shenzhen manufacture to export to overseas markets. According to statistics, since the beginning of this year, the cross-border e-commerce export business volume of Shenzhen Customs has not decreased but increased, with a year-on-year increase of 2.7 times.

Zhimeitong | E-commerce highlights

For more information, pay attention to the public number: Zhimeitong Research Institute

[Amazon Japan launched the new function of "matching product information"] Amazon Japan announced that it has launched a new function of "matching product information" for sellers, which can solve the problem of "8541 error code" when products are put on the shelves with one click.

Product listings can be helped with the new "Match Product Information" feature, a new tool that allows sellers to compare product listings with existing products in Amazon's catalog with the same product code, and resolve product information matching issues with a single click.

[eBay Australia will update the Item Specifics filling requirements and listing classification] eBay understands that the exposure rate of products is very important for sellers. Therefore, we continue to make changes to the Item Specific filling requirements and listing classification. From September 20, 2022, eBay Australia will update some listing categories and add new requirements for filling out item attributes.

eBay will increase the item attribute filling requirements for some categories to help these listings better match the items searched by buyers. eBay will change the listing classification and item attribute names of some categories to help buyers more easily find sellers' listings on and off the eBay site.

[eBay's notice on the sale of insecticides or products containing insecticides that need to comply with relevant U.S. laws and policies] Insecticides may be dangerous to humans, animals and the environment, and are strictly regulated by the U.S. government. Sellers need to comply with relevant sales regulations to ensure that items sold on eBay comply with laws and regulations. Therefore, eBay will take a series of restrictions on eBay accounts that sell illegal products, including but not limited to: item removal, cancellation of account sales authority, or account closure, etc.

[Dunhuang Online Online American Standard Line (Common + Special)-HY Line] Dunhuang.com has issued a notice on the launch of the American Standard Line (Common + Special) -HY (hereinafter referred to as "announcement"). The announcement shows that the reference transportation time for the US standard line (general + special) -HY line is 10-28 days, and the weight is limited to 4.5KG. The products that can be sent refer to the general cargo and shipping attributes, and the country that can be sent is the United States.

In terms of billing method, the line is based on the actual weighing of the warehouse, and the freight displayed on the platform shall prevail. Single pair of shoes are not counted for throwing, and the excess length * width * height cm is divided by 8000. The minimum chargeable weight is 50g, and the less than 50g will be charged as 50g. In terms of delivery properties, the line does not receive live electricity, cosmetics, pure electricity, pure electric treasure, perfume, retractable baton, stun gun, large magnet, compressed spray, cigarette, lighter, controlled knife, butterfly knife, finger ring, White unknown powder, medicine, food, flammable/explosive property products, seed products, cigarettes, liquids, offensive weapons or similar weapons, any suspected gun-shaped products (including toy guns). In terms of size and weight restrictions, the perimeter (length+2*width+2*height) of the goods transported by this line is less than 125CM, the longest side does not exceed 50CM, and the second side is 40CM; the weight limit is 4.5kg; special-shaped parts are not accepted , if the customer wants to send it, an additional processing fee/ticket will be charged.

[Dunhuang.com provides policy support for Yiwu merchants] Dunhuang.com issued an announcement stating that in order to reduce the losses of merchants and stores in Yiwu, the Dunhuang.com platform provides policy assistance to local merchants in Yiwu and merchants whose goods are sourced in Yiwu.

For orders that cannot be executed normally, the platform recommends sellers to take the initiative to communicate and appease buyers through internal letters, explaining "delayed delivery of goods due to the epidemic" and other relevant content, so that buyers can wait for subsequent orders to be executed; for buyers who agree to continue to wait order, please contact the customer service of the platform to apply for an extension of the stocking period; if the buyer is unwilling to continue to wait, it is recommended that the seller can also recommend similar products for the buyer or make a certain proportion of discount coupons for the buyer to facilitate the transaction as much as possible; do not appear " Fake shipment", "empty package".