Zhimeitong | International Highlights

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

[Amazon U.S. station restricts sellers' replenishment due to large inventory reduction] Some sellers reported that they received a replenishment restriction email from Amazon. In order to prepare for the holiday shopping season and ensure timely receipt, storage and delivery of products for all sellers using FBA, Amazon will adjust restocking limits, the email said.

About 5% of Amazon sellers will be restricted from restocking after the restocking restrictions are updated. Amazon said it would adjust restocking limits to allow all sellers to store at least four months’ worth of inventory in Fulfillment by Amazon. All sellers using FBA will receive a quota update. After this update, about 5% of FBA sellers will not be able to replenish more products temporarily, because these sellers have already high inventory levels.

[AliExpress released six major trends of domestic products going overseas in the second half of this year] AliExpress announced the "six major trends of domestic products going overseas" in the second half of 2022, involving pet products, home appliances, outdoor sports and other categories.

It is worth mentioning that, recently, AliExpress held the first domestic brand sale season (Mega Brand Sale), the event time is from August 26 to August 31. It is understood that 642 domestic brands made a collective appearance in the overseas season of domestic brands. Among them, 32 domestic brands such as Bubble Mart, Baseus, and Anker will launch new products on AliExpress to overseas consumers.

At present, 3 of the top 5 domestic women's clothing brands are deploying AliExpress to go overseas, and the "giants" of smart home appliances, such as the benchmarks of new domestic brands, have also entered AliExpress. AliExpress has also continued to help domestic brands go overseas better by launching new AE Mall projects and holding the first domestic product overseas season.

01. North America

[Institutional analysis: Oil prices will face the worst decline since 2020] With the influence of central banks tightening policies and other influences, global economic growth is expected to slow down, and oil prices will usher in the third month of decline, lasting the most in more than two years. long. WTI crude oil fell sharply on August 30, and has fallen by more than 6% in August, once hitting the lowest level since mid-January. In the U.S., the Federal Reserve has been aggressively raising interest rates to curb inflation, while Europe is in the midst of an energy crisis that could herald a recession. Refiners in the Middle East are increasing diesel supplies to Europe, giving the continent an early glimpse of what Europe might be like without Russian supplies. About 435,000 barrels of diesel-based fuel are expected to arrive at European ports from the Middle East this month, according to tanker tracking and energy analysis firm Vortexa Ltd. This is the highest level since at least early 2019. Separately, Russia's seaborne crude supplies to Asia have fallen by more than 500,000 barrels per day in the past three months, with the region's crude supply reaching its lowest level since late March.

[Goldman Sachs: The gap between U.S. jobs and active workers is 5.6 million] The U.S. labor market is slowing as companies reassess their hiring needs, even though job growth is still double what it was before the pandemic. We expect the labor force participation rate to remain stable throughout 2022, implying that further job losses will be required to rebalance the labor market. Goldman Sachs Global Investment Research (GIR) estimates that the gap between total U.S. jobs and active workers now stands at 5.6 million, still about 3.6 million more than the Fed needs to keep wage growth in line with inflation.

[Goldman Sachs: U.S. GDP growth is currently below potential] U.S. GDP growth is currently below potential, a necessary shift to curb inflation. New credit accounts in the second quarter were the most since 2008. However, we see no systemic risk, with only 2.7% of consumer loan balances overdue for more than 30 days, well below the 6.1% average.

The first death from monkeypox in the United States has been confirmed in the Houston area, which is also the first in the United States. The deceased, an adult with severe immune disorders, is still investigating the extent to which monkeypox infection contributed to his death, according to the government statement. According to CDC statistics, more than 18,000 people have been infected in the United States, and more than 1,600 people have been infected in Texas, the fourth largest state in the United States. Texas health officials say monkeypox is a serious public health threat, especially for people with compromised immune systems, and encourage those infected to seek medical care.

[Meta (Facebook parent company) announced that its Facebook Gaming game live broadcast app will stop operating] Meta (Facebook parent company) announced that its Facebook Gaming game live broadcast application is shutting down. The team posted a message in the Facebook Gaming app reminding users and players that starting October 28, the app will no longer support iOS and Android platforms.

[Google blocks Trump's social media app: lack of an effective system for content moderation] So far, Truth Social, a social media app launched by Trump Media and Technology Group, is still not available on the Google Play Store. Trump had hoped the app would challenge Twitter's dominance.

Google said the app lacked an effective system for moderating user-published content, which violated the Google Play Store's terms of service. Google said in a statement: "On August 19th, we notified Truth Social that their current submission of an app version violated several standard policies. We've reiterated to them that it is our terms of service to have an effective system in place to review user-posted content. Zhongde clearly requires that it applies to any application on Google Play.”

The restriction means that Android users, who make up 44 percent of U.S. smartphone users, cannot download the app. Google also won't let the app go live until the content issues are resolved. According to media reports, Truth Social also acknowledged the concerns raised by Google and said it would work to address them.

[Netflix poached two executives from Snap: in charge of advertising sales] The streaming media giant Netflix announced on August 30 that the company has hired two executives from Snap to lead its advertising sales team. Credibility among brand marketers.

Netflix confirmed that it has hired Snap's chief commercial officer as its new president of global advertising, and has also hired Snap's vice president of ad sales for the same position on the streaming service. Hiring the two industry veterans marks Netflix's commitment to building an ad-supported version of the streaming service, which is expected to launch next year.

02. EU region

[European bond market suffers a historic sell-off] The European bond market is about to experience its worst month on record, with investors betting that the European Central Bank and the Bank of England will raise interest rates sharply at a time when inflation is at an all-time high. The market for high-rated government and corporate bonds in Europe fell 5.3% in the month to Aug. 30, with bonds from Britain, Germany and France taking a hit, completely reversing July's gains. On August 31, the sell-off of European debt accelerated. The latest round of data showed that the annual rate of CPI in the euro zone reached a record high of 9.1% in August. "One factor driving bond yields higher in August was the surge in energy prices in Europe," said Antoine Bouvet, senior rates strategist at ING. Money markets are pricing in that the ECB will raise interest rates from 0% currently to 2% in March next year. The Bank of England will raise interest rates from the current 1.75% to 4.1% in March next year.

[The 8 European countries and the EU decided to increase the wind power capacity of the Baltic Sea by 6 times in 2030] The heads of state or government of the 8 European countries and the leaders of the European Union held the Baltic Energy Summit in Marienburg, the official residence of the Danish Prime Minister on the 30th and signed the "Marimburg Declaration" ”, agreed to strengthen energy security and offshore wind power cooperation, and plans to increase the installed capacity of offshore wind power in the Baltic Sea region under its control from the current 2.8 GW to 19.6 GW in 2030 (1 GW equals 1 million kilowatts).

[Hungary’s natural gas reserves are higher than the EU’s expected level and are sufficient to meet 98% of households’ annual needs] Hungary’s Energy and Utilities Supervision Authority (MEKH) recently stated that as of August 25, Hungary’s five natural gas storage facilities had reserves of 3.88 billion cubic meters, which will be about 227 million cubic meters more than the reserves required by EU regulations by November 1. Under EU gas storage regulations, Hungary must store 3.65 billion cubic meters of natural gas by the end of October. MEKH said the current gas reserves are equivalent to 37.17% of the average annual consumption over the past five years, which is sufficient to meet 98% of the annual household needs. Hungary ranks fourth in the EU in terms of the ratio of natural gas reserves to consumption.

03. Other regions

UK 10-year bond yields set for biggest monthly rise since 1986 Largest monthly increase. The pressure to address the deteriorating financial outlook is mounting for the incoming prime minister. Some analysts expect Treasury yields to rise to at least 3% by the end of the year. Prime Minister candidates have warned that there is a growing risk that financial markets will lose confidence in the UK economy amid soaring inflation and rising government debt levels. We have more inflation-linked debt than any other G7 economy, basically more than twice as much, he said.

[Maersk completes acquisition of LF Logistics transaction valued at US$3.6 billion] Maersk official WeChat news, on August 31, AP Moller-Maersk announced the completion of the acquisition of contract logistics company LF Logistics. Based on the new IFRS16 accounting standard for leases, the transaction is valued at US$3.6 billion. Headquartered in Hong Kong, China, the company has 10,000 employees and 223 warehouses by the end of 2021. In the future LF Logistics will use the Maersk brand. As part of the acquisition of LF Logistics, Maersk has entered into a strategic partnership with its parent company, Li & Fung, which is expected to retain and continue to build a global freight forwarding services business following separate regulatory approvals.

[Shopee and Loja VirtUOL signed a cooperation agreement to help Brazilian sellers sell] Loja VirtUOL, an e-commerce platform that UOL cooperates with small businesses, signed a cooperation agreement with Shopee. The agreement plans to provide Brazilian companies with new points of contact and more selling options for small retailers, and allow advertisements to circulate in the Chinese market at no additional cost.

Starting in September, VirtUOL sellers can use the Shopee integration for free, and they can choose the products they want to promote on Shopee (registered in their store) to advertise in a simpler and more functional way. The product information selected by the seller will be synchronized to the Shopee platform through the VirtUOL store platform, which can further expand the product coverage and increase sales opportunities.

[South Korea does not impose temporary anti-dumping duties on aluminum hydroxide related to China] On August 31, 2022, the Ministry of Planning and Finance of South Korea issued Announcement No. 2022-165, stating that it has decided not to impose temporary anti-dumping duties on aluminum hydroxide originating in China and Australia. The Korea Trade Commission will continue to investigate the aluminum hydroxide anti-dumping cases in China and Australia, and the Korean Ministry of Planning and Finance will decide whether to implement anti-dumping measures based on the final recommendation of the Korea Trade Commission.

On February 28, 2022, the Korea Trade Commission launched an anti-dumping investigation on aluminum hydroxide originating in China and Australia. On July 21, 2022, the Korea Trade Commission made a positive preliminary ruling on the case, recommending that the Ministry of Planning and Finance levy temporary anti-dumping duties on the products involved. Among them, the Chinese manufacturer Chalco Shandong Co., Ltd. 14.27% anti-dumping duty applies to its affiliates, Longkou Donghai Alumina Co., Ltd. and its affiliates apply 21.05% anti-dumping duty, and other Chinese suppliers apply 14.27% anti-dumping duty; Australian producer Alcoa of Australia Limited and other Australian suppliers are subject to 37.96% anti-dumping duties, and the Korean tax number of the products involved is 2818.30.9000.

Zhimeitong | Logistics Highlights

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

[Baltic dry bulk index recorded largest monthly decline in more than two years] The Baltic dry bulk index fell on Wednesday and recorded its largest monthly decline in more than two years, due to poor market demand for various ship types. The Baltic Dry Index fell 52 points, or 5.1%, to 965 points, the lowest in more than two years; the monthly decline recorded nearly 50%, the largest monthly decline since January 2020, and the third consecutive month fell. The capesize index fell 35 points or 10.4% to a more than two-year low of 302 points; the monthly index fell 86%, the largest monthly decline since May 2020. Average daily earnings for capesize vessels fell $288 to $2,505. The panamax freight index fell 67 points or 5.2% to a 21-month low of 1217 points, which has been falling for more than a month; it recorded a monthly decline of 41%, the largest monthly decline since January 2020. Average daily earnings for panamax vessels fell $600 to $10,956. The Supramax index fell 65 points to 1,626, its worst performance in 10 months.

[First China-Scotland direct container route completed its maiden voyage] Allseas Shipping, a new shipping company established by British freight forwarder Allseas Global Logistics this year, launched the first direct container route connecting China and Scotland, and has recently completed its maiden voyage.

[Suez Canal Channel Suspended Navigation Due to Ship Stranding] A Singapore-flagged, 64,000-ton, 252-meter-long tanker ran aground in the Suez Canal, causing the Suez Canal channel to suspend navigation. Currently, the Suez Canal Authority is assisting in re-opening the ship as soon as possible. float.

[Jingdong Airlines will be officially put into operation] Jingdong Logistics official WeChat news, on August 31, Jiangsu Jingdong Cargo Airlines Co., Ltd. obtained the CCAR-121 "Air Carrier Operation Certificate" issued by the Civil Aviation Administration of China. This means that Jingdong Airlines will be officially put into operation. JD Logistics began to develop air cargo business in 2017.

Zhimeitong | E-commerce highlights

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

[AliExpress adjusts the shipping fee for Russian overseas warehouse rookie matching-door-to-door order] AliExpress announced that it will adjust the quotation for the shipping fee of Russian overseas warehouse rookie matching-door-to-door order. Among them, the cost of self-pickup and Russian post lines remain unchanged. It is recommended that merchants set up free shipping to improve conversions.

Self-promise Russian post routes include: Cainiao Russia Official Commitment Delivery-Self-Ticket (coming offline, please configure the provincial line), Cainiao Russia official commitment reaching-Russian Post (coming offline, please configure the provincial line), Cainiao Russia official matching- Self-pickup (coming offline, please configure the provincial line), Cainiao Russia official delivery-Russian post (coming offline, please configure the provincial line), Cainiao Russia official commitment to reach-self-pickup (province), Cainiao Russia official commitment to reach Russia Post (province), Cainiao Russian official delivery – self-pickup (province), Cainiao Russia official delivery – Russian post (province).

[Indian e-commerce Flipkart strengthens Kiranas delivery plan ahead of big sale] Indian e-commerce Flipkart announced that it will further strengthen its Kiranas delivery plan ahead of the Big Billion Days promotion, during which more than 200,000 Kiranas delivery partners will be The big sale offers delivery services that ship millions of Flipkart items across the country.

Based on the Kiranas distribution network, Flipkart can meet the product delivery needs of India's major cities, second- and third-tier cities and rural areas, while also generating additional income for Kiranas distribution plan partners.

Flipkart's Kirana delivery program has gained widespread acceptance across India, with more and more Kirana stores expressing interest in joining. According to statistics, more than 27,000 people have become Kirana distribution plan partners in West Bengal, India, more than 23,000 in Bihar), more than 20,000 in Uttar Pradesh, and more than 20,000 in Maharashtra. Over 17,000 people, and over 14,000 in Tamil Nadu.

[Shopee prohibits the use of third-party plug-ins to access the website] Shopee issued a notice saying that sellers are prohibited from using third-party plug-ins to access the Shopee website.

According to the notice, the Shopee platform recently found that individual sellers failed to log in due to using unauthorized plug-ins to access the Shopee website. In this regard, Shopee reminded sellers not to use unauthorized third-party plug-ins to access the Shopee website.

If the seller has used unlicensed plug-ins to access, please uninstall third-party plug-ins such as data analysis plug-ins/software, and try again after 1~2 days, otherwise you will face the risk of being banned from accessing the website.