Zhimeitong | International Highlights

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

According to an internal memo, e-commerce company Shopify will lay off about 1,000 employees, or 10% of its global workforce.

Shopify's founder and CEO told employees in a memo on July 26, local time, that consumers' return to their previous shopping habits, combined with the reduction in online orders that fueled the company's recent growth, "hence the need for layoffs." Lütke said the layoffs would affect all departments, though most would be in recruiting, support and sales.

Shopify has previously warned that it expects revenue growth to slow this year, and its shares have fallen nearly 80% since peaking in November. The company will report quarterly results on July 27, local time.

[Inflation has soared, Amazon membership fees have risen sharply in Europe, and they have already raised prices in the United States] Amazon said on July 25 that it plans to increase its Prime membership fees in Europe by at least 20%, and even increase the price by 40% in some countries. %above. In February, Amazon announced an increase in Prime membership fees in the U.S., reflecting growing pressure on the company to raise prices to maintain profits amid rising inflation and a looming recession.

01. North America

[Amazon will announce its second-quarter earnings, and multiple analysts predict that its revenue will hit a record low] The US e-commerce giant Amazon will announce its second-quarter earnings on July 28, but many industry insiders predict that the retail giant this quarter 's revenue is likely to hit a new low, with year-over-year growth below 10% for the third time.

In the 25 years since it went public, Amazon has reportedly seen a small increase in revenue every quarter, with only two quarters growing below 10%, most recently in the first quarter of 2022, when revenue grew just 7% year over year.

[Walmart warns, cautious on 'center store food companies'] Morgan Stanley analysts say Walmart's cut in earnings per share guidance for the second quarter and fiscal 2023 shows that packaged foods will face more challenges , and reinforces her cautious view of Center Store Foods. Consumers are under pressure, adding to the risk of declining sales, Kaufman noted, and she believes the companies may see increasing resistance to higher packaged food prices. While she expects second-quarter results for companies that sell mostly packaged foods to show solid growth, she sees growing risks to sales in the coming quarters, including JM Smucker, General Mills, Kraft Heinz, Conagra Companies like Brands and Campbell Soup.

[Microsoft's fourth-quarter revenue of $51.9 billion, lower than expected] Microsoft's fourth-quarter revenue was $51.9 billion, compared with an estimated $52.45 billion; fourth-quarter earnings per share were $2.23, compared with an estimated $2.29.

[Apple releases 2021-2022 Corporate Social Responsibility Report] Apple's 2021-2022 Corporate Social Responsibility Report was officially released. According to the report, since 2018, Apple has launched the "Smart Plan", with a total of 500,000 beneficiaries. In terms of issuing green bonds to support green technology innovation, as of March 2022, the company has issued a total of USD 4.7 billion in green bonds. The report also mentions that Apple aims to achieve carbon neutrality in its entire carbon footprint by 2030, and by April 2022 almost all of its China-based suppliers have pledged to switch to 100% renewable energy production.

[iPhone 14 or 6GB of running memory in all series, Apple adds iPhone 14 component orders] Apple has added iPhone 14/Pro parts orders, while Android chip supplier MediaTek has been cut by 30%. Apple is believed to be the only smartphone maker with steady sales in recent months, encouraging the company to step up preparations for the iPhone 14. The latest news shows that the iPhone 14 series may provide 6GB RAM, but only the 14/Pro Max is LPDDR5, while the 14/14 Plus is still LPDDR4X.

[Apple iPhone shipments in India surged 94% year-on-year] Although shipments in the Indian smartphone market have declined in recent quarters, market research agency CMR said that iPhone shipments in India reached 1.2 million in the second quarter Compared with the same period last year, it has increased by 94%, and the market share is expected to increase to about 4%. The iPhone has been operating in India for many years, but the price of the iPhone is significantly higher than the mainstream price band in India, and sales in India have always been poor. iPhone sales in India also hit a record high of 5.4 million units last year, and sales have finally grown significantly since the second half of last year. However, in terms of current sales volume, it still cannot squeeze into the top five in the Indian market.

[3M announced that it will split the medical sector business] The US manufacturing giant 3M announced on July 26 that the company plans to split its medical sector business into an independent enterprise to better achieve long-term sustainable growth and satisfaction. different business needs.

3M announced that the split will continue as a materials science innovator serving end markets, while the new medical company will focus on wound care, oral care, medical IT and biopharmaceutical filtration. .

3M said the unbundling of the medical segment still requires final approval from the board of directors, the completion of public company announcements and tax arrangements, and the approval of other regulators. The tax-free transaction is expected to close by the end of 2023.

[Twitter will hold a shareholders meeting on September 13 to vote on Musk's acquisition] Twitter announced that it will hold a shareholders' meeting on September 13 to vote on Musk's acquisition.

The general meeting of shareholders will be broadcast live online, and shareholders can watch and vote online. Twitter's board directors had previously called on shareholders to approve the sale.

Musk told Twitter on July 8 that he planned to cancel the acquisition amid a dispute over the proportion of fake accounts and other issues. Twitter demanded that Musk complete the deal, and the two sides sparred in court.

[Google's parent company Alphabet released its second-quarter financial report: net profit fell 14% year-on-year] Alphabet (Google's parent company) released the company's financial report for the second quarter of fiscal 2022 ended June 30. The report shows that Alphabet’s total revenue in the second quarter was US$69.685 billion, an increase of 13% compared with US$61.880 billion in the same period last year, and a year-on-year increase of 16% excluding the impact of exchange rate changes; according to US GAAP, Alphabet’s No. Net profit in the second quarter was $16.002 billion, down 14% from $18.525 billion in the same period last year; diluted earnings per share were $1.21, compared with $1.36 in the same period last year.

[Meta plans large-scale layoffs: employees say it will reach up to 10%] The employees of Meta, the parent company of Facebook (Facebook), have prepared for layoffs. They expect Meta to cut up to 10% of its workforce this year.

Tech giants such as Apple, Google and Meta have all slowed or suspended hiring due to the downturn in the U.S. economy. Meta announced in May that hiring had been suspended in some parts of the company. Hundreds of workers were laid off after reports earlier this month that Meta canceled a back-office outsourcing contract at its Silicon Valley headquarters.

[Google fined 2 billion rubles by Russia for abuse of YouTube dominance] Russia's antitrust watchdog, the Federal Antimonopoly Service (FAS), announced today that it has fined Google 2 billion rubles (about $34.2 million) for the reasons is abusing its dominance in the video hosting market.

Google "abused the dominance of its YouTube video hosting service," the FAS said. In addition, FAS did not provide further details.

[Google and other four tech giants launch public action: to abolish leap seconds] Google, Microsoft, Meta and Amazon have launched a public action aimed at abolishing leap seconds, a move that has been endorsed by the U.S. and French timekeeping authorities. Tech giants such as Google say the temporary adjustment has created more problems than benefits, such as network outages. The tech giants argue that dealing with leap seconds is ultimately futile because the Earth's rotation speed hasn't actually changed much in history. Leap second refers to the adjustment to increase or decrease UTC by 1 second at the end of the year or in the middle of the year by the International Bureau of Weights and Measures in order to keep UTC close to the UTC time.

[Microsoft and Google both surged after the performance, and the Nasdaq futures rose to 1.5%] Microsoft and Google announced their quarterly financial reports after the US stock market closed. Microsoft is expected to record double-digit growth in profit and sales this fiscal year, and Google’s revenue In line with expectations, advertiser demand was strong. Both companies rose more than 5% in after-hours trading, driving Nasdaq futures up 1.5%.

[Google and Microsoft avoid fines in Japan by registering global headquarters] Google, Microsoft and 11 other foreign multinationals have moved to register their global headquarters as required by Japanese law. Foreign companies that continue to operate in Japan are reportedly required to register overseas headquarters for taxation and consumer protection, but many multinational tech companies have only registered branches in Japan. Japan's Ministry of Justice in March this year asked 48 companies to submit relevant documents. Thirteen of those companies applied for registration before Friday's deadline, the Justice Department said. As of Monday afternoon local time, six of the 13 companies had completed the registration process, including Google and Microsoft.

[Financial website Fxstreet looks ahead to the Fed's interest rate decision: the Fed's policy guidelines determine the trend of the dollar] Although the United States is about to experience a technical recession, the Fed will still be determined to raise interest rates by a large margin again. Fed Chair Jerome Powell's actions to tackle inflation will be closely watched along with policy guidance from the September meeting. Signs of peaking inflation are the only risk for now, which will prevent the Fed from committing to further rate hikes in the future. The Fed can live with the growth outlook being hampered, provided the "inflation monster" is contained. Powell's hawkish policy guidance will evoke a bullish bias in the market for the U.S. dollar, taking it out of the most recent one-week range and above the 107.50 mark.

[The Fed acknowledges to a certain extent the positive performance of inflation can prompt the strategic sell-off of the dollar] Goldman Sachs believes that for the dollar to make a convincing turn, it may need more news to calm inflation and a more balanced Fed policy. While some recent news on inflation has been encouraging, it will take some acknowledgment from Fed officials this week for a tactical dollar sell-off. While markets will again focus on rate hikes and September guidance at this meeting, it is more important to focus on the Fed's criteria for adjusting its policy. Goldman Sachs said this week's meeting will focus on whether officials will expand their standards to focus more on slowing economic activity data. Until this shift is clearer, markets will struggle to price in a more accommodative Fed stance and a weaker dollar.

[The Fed's early end to quantitative tightening may help the U.S. Treasury market] Bank of America strategists said that if the Fed finally cuts interest rates in 2023, it may mean an early end to quantitative tightening, when the Treasury Department will have room to reduce coupon issuance, improve The supply and demand of treasury bonds of various maturities are out of balance. The early end of QT will be welcomed by the market as it allows the Treasury to take the necessary steps to reduce coupon supply, which in the long run heralds a return to secondary market purchases by the Fed. The Fed is expected to cut rates in September 2023 in response to a mild recession, and if so, QE will also cease, as it sends contradictory signals on monetary policy and also to simplify communication; this means US Treasury issuance in fiscal 2024 It could be about $630 billion less than the Fed's QT through the end of 2024, the strategists' previous baseline forecast.

02. EU region

[EU countries agree to reduce gas use this winter] As some EU member states suffered further gas supply cuts from Russia, EU countries approved a strong Weakened emergency plans to curb gas demand in Europe. The energy consumption reduction proposal requires all EU countries to reduce their natural gas use by 15% from August this year to March next year on a voluntary basis. The original proposal would have allowed binding clauses to be triggered in the event of an energy supply emergency, but countries agreed to exempt many countries and industries after some resisted the proposal to force all members to cut gas consumption by 15 percent. Hungary is the only country opposed to the deal, two EU officials said.

[Many regions of Spain maintain high temperature warnings, with a maximum temperature of over 40 degrees Celsius] Several regions in Spain continue to issue yellow or orange warnings for high temperature weather. Among them, Castile-Leon, Castile-La Mancha, Madrid and Extremadura have issued a high temperature yellow warning, Canary and Andalusia have issued a high temperature orange warning, and Cole The highest temperatures in provinces such as Dova and Seville are expected to reach above 40 degrees Celsius. In addition, Valencia and Catalonia and other regions issued a yellow storm warning, and some coastal provinces and the Balearic region launched a wind and wave warning.

[German business climate index falls to two-year low, on brink of recession"] German business confidence fell more than expected in July. High energy prices and looming gas shortages have left Europe's largest economy " On the cusp of a recession”. The survey report showed that Germany’s business climate index fell to 88.6 points in July from 92.2 points (seasonally adjusted) in June, the highest level since June 2020. The lowest value was lower than the 90.2 points forecast by analysts polled by Reuters. The four major indicators included in the index: manufacturing, services, trade and construction all fell significantly month-on-month.

[German Coalition Government agrees to reduce premiums for buyers of electric vehicles priced below 40,000 euros from current 6,000 euros to 4,500 euros] The current 6,000 euros is reduced to 4,500 euros, while the premium will drop to 3,000 euros for more expensive pure electric vehicles.

03. Other regions

[RBA Governing Council members: Australia's economy is "solid" and can withstand further interest rate hikes] RBA Governing Council members said that the Australian economy is "solid" and can withstand further interest rate hikes. Speaking in a personal capacity, Harper said the Australian economy was now facing broader price pressures, suggesting further monetary tightening was needed. Data on July 27 is expected to show inflation surged to 6.3 percent last quarter, beating the central bank's May forecast of 5.5 percent.

[Another turbine of the Nord Stream-1 pipeline will be out of service, and the gas transmission volume will be halved] Gazprom (Gazprom) issued a statement on the 25th, saying that the "North Stream-1" natural gas pipeline "Portovaya" "Another turbine at the compressor station will be forced to stop running from the 27th, and the gas supply of the "Beixi-1" pipeline will be reduced to half of the current one. In view of the end of the maintenance interval and the technical state of the turbine, Gazprom decided to decommission one more Siemens gas turbine at the Portovaya compressor station, the statement said. From 7:00 on July 27, Moscow time, the daily gas supply of the "Portovaya" compressor station will be reduced from the current 67 million cubic meters to 33 million cubic meters.

Zhimeitong | Logistics Highlights

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

[Maersk provides solutions for cross-border transportation of India-Bangladesh container cargo] Maersk announced that Maersk successfully completed the first India-Bangladesh cross-border container cargo through the inland waterway of the Coca-Cola Beverage Company-Bangladesh route in India. transportation.

[UPS (United Parcel) launches a new freight route, which can connect Shenzhen to Cologne, Germany and Bangalore, India] UPS (United Parcel) officially issued a document stating that from July 19, 2022, UPS (United Parcel) will launch a new international freight route, Help users better connect Shenzhen, China to Cologne, Germany and Bangalore, India. The new route will enhance the air cargo capacity from South China to Europe and Asia-Pacific, meet the growing market demand, and help users expand the European and Asia-Pacific markets.

[Hunan opens the first international cargo route to Africa] On July 26, under the supervision of Changsha Huanghua Airport Customs, which is affiliated to Changsha Customs, the first cargo plane from Changsha to Addis Ababa took off from Changsha Huanghua International Airport. This is the first international cargo route from Hunan to Africa, and it is planned to fly three times a week. The cargo plane carried 92.48 tons of export goods, mainly clothing, mobile phone cases, shoes, backpacks, etc.

[Baltic dry bulk index fell to a two-week low] The Baltic dry bulk index fell to a near two-week low on Tuesday as the freight index of all ship types fell. The Baltic index for overall dry bulk fell 53 points, or 2.5%, to 2,061, its lowest level since July 14. The capesize index fell 141 points, or 5.4%, to 2,455, a near two-week low. Average daily earnings for capesize vessels fell by $1,167 to $20,359. The panamax index fell 12 points, or 0.57%, to 2,088, snapping a five-session winning streak. Average daily earnings for panamax vessels fell $110 to $18,790. The Supramax index fell 8 points to 2,071, the lowest in nearly a week.

Zhimeitong | Domestic Highlights

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

[22 days ahead of schedule, the container throughput of Ningbo Zhoushan Port has exceeded 20 million TEUs this year] The container throughput of Ningbo Zhoushan Port has exceeded 20 million TEUs this year, reaching 20,054,300 TEUs, which is earlier than last year's "20 million TEUs" time node 22 days.

[Guangzhou Customs has supervised a total of 270 million cross-border e-commerce import and export commodities in the first half of 2022] In the first half of this year, Guangzhou Customs has supervised a total of 270 million cross-border e-commerce import and export commodities, a significant increase of 72.6% year-on-year. Among them, cross-border e-commerce exported 230 million items, a year-on-year increase of 97.3%.

At the same time, in the first half of this year, the list of cross-border e-commerce goods exported to countries and regions along the route through Guangzhou Customs Area exceeded 100 million, a significant increase of 3.7 times year-on-year.

Zhimeitong | E-commerce highlights

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

[eBay fulfillment Australia warehouse new large-scale delivery service] eBay Australia announced that the eBay fulfillment by Orange Connex ("eBay fulfillment") service has launched a new large-scale delivery solution, which has been launched in July 2022. Officially implemented on the 20th.

According to eBay, the new oversized shipping solution has the following advantages:

The solution supports multi-channel fulfillment and can be used by sellers in all online shopping channels; all shipped items will automatically upload logistics tracking information; when sellers use eBay fulfillment services, the items will be protected from delivery behavior Warehouse has no minimum entry requirements; item size is limited to length ≤ 200 cm, width ≤ 120 cm, height ≤ 100 cm, and 85 kg; prices for intra-city delivery start at $28.

[eBay released the "Guide to the Overseas of Sports Outdoor Category" to help Chinese sellers go overseas] eBay released the "Guide to the Overseas of eBay Sports Outdoor Category" (hereinafter referred to as the "Guide") at the 2022 Shenzhen International Outdoor Sports Expo.

The "Guide" focuses on sports outdoor, a high-potential category in the overseas market, and shares insights into popular categories going overseas, helping Chinese sellers gain insight into overseas markets and accelerating Chinese sports and outdoor products and brands to go overseas.

[Shopee Shanghai Warehouse Suspension] Shopee has issued a notice of suspension of operation of Shanghai warehouse. The notice shows that the Shanghai warehouse will be suspended from July 25, 2022, and the recovery time will be notified separately.

For the packages that have been scanned in the Shopee Shanghai warehouse but have not been shipped out, the Shopee platform will properly keep the packages currently in the warehouse and process the packages for the seller as soon as possible under the permission of government policies.

[AliExpress Russia launched the "RU order fund management" portal] AliExpress Russia issued an announcement saying: In order to provide stable and sustainable fund settlement services, orders shipped to Russia need to use a new, separate order fund management system. To this end, AliExpress Russia will launch the new "RU Order Fund Management" portal from July 25th.

It is reported that the new management portal will be launched in batches from July 25th to 28th, and will be gradually displayed to all merchants. After the merchants complete the relevant signing and authorization and other preparations, they will begin to provide fund settlement services for Russian orders.

[AliExpress Ecological Warehouse and Cangwang Alliance Reach Cooperation] The first digital and intelligent overseas warehouse distribution service platform in the cross-border e-commerce industry, Cangwang Alliance and AliExpress have reached a strategic cooperation to jointly create "controllable and stable" for cross-border sellers "The overseas warehouse ecosystem.

This move further meets the needs of merchants and consumers for faster logistics and certainty of timeliness, provides overseas consumers with a faster shopping experience, and can also promote sellers and users to improve conversion rates and achieve business growth.

[Alibaba released the 2022 fiscal year annual report: 1.31 billion global annual active consumers, more than 1 billion from the Chinese market] Alibaba Group released the 2022 fiscal year report. The annual report shows that in the fiscal year ending March 31, 2022, Alibaba had 1.31 billion annual active consumers worldwide, of which over 1 billion were from the Chinese market and 305 million were from overseas. GMV is 8,317 billion yuan, of which the Chinese market accounts for 7,976 billion yuan, and the international market accounts for 54 billion US dollars.