1. The Fed raised interest rates for the fourth time this year and the second time in a row by 75 basis points.
On July 28th , the Federal Reserve released the statement of the meeting of the Federal Open Market Committee ( FOMC ) in July. According to the statement, the Fed raised the target range for the federal funds rate by 75 basis points to between 2.25% and 2.50% , in line with market expectations. This is the fourth time the Fed has raised interest rates this year and the second in a row by 75 basis points. The analysis pointed out that the Fed 's decision to raise interest rates by 75 basis points in June and July this year , with a cumulative interest rate hike of 150 basis points, is the most aggressive rate hike by the Fed since curbing high inflation in the early 1980s .
2. Many warehouses in the United States are seriously bursting
On July 28 , it was reported that Amazon 's LAX9 warehouse will no longer receive any goods today and tomorrow. The scene is deadlocked, and the goods need to be rescheduled. With big retailers like Walmart and Target mired in an unprecedented inventory crisis, warehouse capacity across the U.S. remains stretched and excess inventory continues to pile up.
According to the latest Warehouse Price Index ( WPI ), the situation of tight warehouse capacity will not change quickly. The vacancy rate in warehouses across the U.S. is about 3% , while in the port market, available space is about under 1% .
3. Amazon Belgium site is open to global sellers
July 28 news, today, Amazon announced that it will launch an online platform for Belgium. The platform is expected to be officially launched to global sellers in the next few months, providing local consumers with selection and delivery services .
According to third-party data, the proportion of online shoppers in Belgium has increased steadily in the past three years. In 2021 , the proportion of online shoppers in Belgium will reach 85% , an increase of 12% over 2020 , of which 90% will be online shoppers aged 16-34 . above. In 2021 , Belgium's total online consumption will reach 12.1 billion euros, and it is expected that the average annual growth will reach 14.7% by 2025 .
4. SHEIN announced to expand the supplier community empowerment plan
On July 28th , recently, SHEIN announced the expansion of the supplier community empowerment plan, which aims to promote the better development of supplier partners and their communities at different stages.
It is understood that the expansion of the supplier empowerment plan means that SHEIN will upgrade and empower in four areas that have long been valued by factory expansion, technological innovation, training support, and community service.
5. BNSF extends westbound shipping embargo to August
July 28 news, U.S. Western Railroad announced Wednesday that BNSF 's temporary shipping embargo on food, diesel and other commodities will continue through August .
A ban on many westbound shipments to California was announced last month to reduce congestion that is causing delays for railroads and shippers, ports and other stakeholders.
6. Ali International Station adds new rules for banning the sale of single-use plastic products in France and the United Kingdom
On July 28th , Alibaba International Station released a new announcement on the "Regulations on Banning the Sale of Disposable Plastic Products in Spain, France, Italy, and the United Kingdom" (hereinafter referred to as the announcement).
According to the announcement, according to the Directive ( Directive ( EU ) /904 ) adopted by the European Union on single-use plastics, it aims to prevent and reduce the impact of certain plastic products on the environment, especially the aquatic environment and human health, and through innovative and sustainable A business model that facilitates the transition of products and materials to a circular economy. The platform has added the "Rules on the Ban on the Sale of Single-Use Plastic Products in Spain, France, Italy, and the United Kingdom", which were published on July 28 , 2022, and will take effect on August 5 , 2022 .
7. Amazon India ’s Prime Day closing total orders increased by 50% year-on-year
It was reported on July 28 that the 2022 Amazon India Prime Day ( July 23-24 ) event has ended. According to Amazon’s official sales data, more than 95% of Indian Prime members participated in this year’s Prime Day on Amazon India. A number of data hit all-time highs.
During this year's Prime Day , the total number of Prime membership registrations increased by 1.5 times year-on-year, the number of orders purchased by Indian consumers from sellers increased by 50% year-on-year , and sales from more than 30,000 sellers hit a new high. Compared to the last membership day, nearly 18% of sellers sold more than INR 100 crore; nearly 38 % sold more than 1 lakh. In addition, local community stores selling on Amazon saw a 4x year-over-year increase in total sales .
Public number: Cross Whale Technology