Zhimeitong | International Highlights
For more information, pay attention to the public number: Zhimeitong Research Institute
[British strikes may affect trade and supply chains in the UK and around the world] From August 21, local time, the largest container port in the UK, Felixstowe, held an 8-day large-scale strike. Port unions and shipping companies have warned that the strike could severely impact trade and supply chains in the UK and around the world.
The Port of Felixstowe on the UK east coast is the UK's largest and busiest container port and one of the largest in Europe. The port handles more than 4 million containers a year, accounting for nearly half of the country's container trade. More than 1,900 unionized workers, including crane drivers, machine operators and stevedores, will take part in the strike, according to local media.
"The strike action will cause massive disruption and will have a huge impact on the entire UK supply chain, but this dispute is entirely of company-inflicted responsibility," the Allied union official accused. Our union members offer fair pay, but it chooses not to."
The current round of port strikes will continue until August 29, and the port authority said it will develop contingency plans and strive to minimize disruption during the strike. This strike means that cargo ships that were originally unloaded through the port must be diverted to ports in the UK or elsewhere in Europe.
[Amazon UK Prime members plummeted by 590,000] In the second quarter of 2022, the total number of Amazon UK Prime members decreased by 590,000. It is understood that in July this year, the Amazon UK Prime membership fee increased from £7.99 to £8.99 per month, and the annual fee increased from £79 to £95. Amazon said it was the first price increase since 2014, largely due to inflation hitting a 40-year high.
01. North America
[The probability of the Fed raising interest rates by 50 basis points in September is 58.5%] The probability of the Fed raising interest rates by 50 basis points in September is 58.5%, and the probability of raising interest rates by 75 basis points is 41.5%; the cumulative rate hike by November is 75 basis points The probability is 27.9%, the probability of a cumulative rate hike of 100 basis points is 50.4%, and the probability of a cumulative rate hike of 125 basis points is 21.7%.
[US CDC: Monkeypox virus can attach to the surface of objects] Research shows that monkeypox virus can attach to the surface of household objects, but it is not known whether this will lead to the spread of monkeypox. The study said that monkeypox virus can be transmitted through blood or objects used by infected people, but it is not known whether the virus can be transmitted indirectly by attaching the virus to the surface of objects. According to CDC statistics, as of 14:00 local time on the 18th, there have been more than 14,000 confirmed cases of monkeypox in the United States.
[Texas have the worst drought in 11 years, or cause billions of dollars in damage] As the US state is experiencing its worst drought since 2011, residents across Texas are facing water restrictions, only in El Paso. Such few areas are not "unusually dry". While the state had some rain in late August, the drought could extend into winter as current climate patterns could lead to hotter and drier weather. Temperatures in parts of the state are similar to those of the 2011 drought, the driest year on record, but this year has seen more rainfall than in 2011, Texas climatologists said. The 2011 drought caused an estimated $7.62 billion in crop and livestock losses, and Nelson-Guymon said he expects this year's drought to cost billions of dollars.
[U.S. Treasury bonds fall further, 10-year Treasury bond yields break through 50-day moving average] U.S. Treasury bonds continued to trade on a heavy tone in early trading, with 10-year Treasury bond yields rising as much as 10 basis points that day to 2.983%, more than 50 days Moving average level. The 10-year yield widened its gap from the 100-day moving average, which has limited its advance since July 22. Yields on the 10-year Treasury note rose, but have not risen above the 3% level since July 21. As of 9:50 a.m. ET, the trading volume of treasury bond futures was consistent with the 20-day average, and the trading volume was concentrated in the ultra-long-term treasury bond contracts, which was 10% higher than the average level.
[Streaming surpasses cable for the first time in the US] In July, streaming services such as Netflix, YouTube and Hulu surpassed cable in TV consumption in the US for the first time. Streaming accounted for 34.8 percent of total TV airtime in July, while cable and radio accounted for 34.4 percent and 21.6 percent, respectively, according to Nielsen's monthly report. Broken down by individual service, Netflix remains in the lead, with its share of total TV consumption climbing to 8%, thanks in large part to the mega-two-episode Stranger Things series that went live on July 1 set.
[It is reported that DoorDash will end its delivery cooperation with Walmart next month] DoorDash, an American food delivery platform, is about to end its years-long delivery cooperation with Walmart. Under the partnership, DoorDash can deliver Walmart groceries and other items to consumers. DoorDash decided to end its partnership with Walmart because the deal was no longer "mutually beneficial." Additionally, DoorDash also wants to focus more on its long-term customer relationships.
DoorDash sent Walmart a letter terminating the partnership earlier this month, giving it a 30-day advance notice. This means that the cooperation between the two parties will officially end in September. DoorDash declined to comment. A Walmart spokesman said the two companies "have agreed to part ways." "We would like to thank DoorDash for partnering with us and supporting our customers over the past few years," the spokesperson said.
[Wayfair announces layoffs, half of which are based in Boston] Household goods company Wayfair will lay off about 870 employees, about 5% of the global workforce, in response to the gradual increase in management and operating costs and declining sales after the epidemic 400 people at the Boston headquarters. Sales rose 55% in 2020 after the outbreak of the pandemic, driven by a surge in the need for people to work from home and time spent at home, but fell 3.1% in 2021 as the world slowly returned to normal. Wayfair currently expects to spend between $30 million and $40 million in furloughs, among other things. Laid-off employees will receive severance pay based on geographic location, job level and seniority, and will provide U.S. employees with at least ten weeks’ pay. Wayfair shares fell 13% Friday morning.
[Maersk starts construction of new logistics warehouse in Duisburg] Maersk's new logistics warehouse will start construction in Duisburg, one of the largest inland logistics centers in Europe. Maersk points out that the air cargo hubs in Frankfurt, Amsterdam, Cologne/Bonn and Düsseldorf can be quickly reached from Duisburg. At the same time, Duisburg is also an important logistics hub in Europe connecting the Mediterranean and Adriatic gateways.
[Google exposes the largest DDoS attack ever, data 76% higher than previous record] In June this year, Cloudflare confirmed that there was the largest distributed denial of service (DDoS) attack in history, but it occurred before any real damage. This record-breaking attack was successfully stopped. The company revealed that it recorded DDoS attacks of 26 million requests per second.
Google just reported that they discovered a massive DDOS total that attempted to shut down its Cloud Armor customer service, peaking at 46 million requests per second, or 176.92% of the previous record. This makes it the largest seven-layer DDoS attack ever reported.
At peak times, this attack was equivalent to a full day of Wikipedia traffic in 10 seconds, so being able to defend against such a powerful DDoS attack is an incredible feat, Google explained.
[Twitter (Twitter) employee's year-end bonus may be halved] Market news, social media Twitter (Twitter) said to its employees that in view of the company's financial performance, their year-end bonus may be halved. According to reports, that number may change depending on earnings. According to the current bonus pool, 50% of the year-end bonus will be issued on the premise that the company's financial goals are met. That number could fluctuate throughout the year based on Twitter's (Twitter) earnings. The company ties its annual bonus to the company's financial performance.
[Tesla electric truck Semi stopped accepting reservations and added a 3-motor version] Tesla recently updated the order interface of the electric truck Semi, canceling the reservation option. In addition, Tesla has modified the configuration information of the electric truck Semi. The car on the order page is not equipped with the previous 4 motors, but the newly added 3 motors. TESLARATI believes that Tesla may have launched a 3-motor version of the electric truck Semi to get tax benefits.
【Random layoffs! Meta (Facebook parent company) uses algorithm to randomly lay off 60 "labor dispatch" employees] Meta (Facebook parent company) has become another technology company to initiate mass layoffs, the company uses algorithm to randomly select 60 contract workers (labor dispatch employees) as layoffs.
These unfortunate contractors were hired by Meta (Facebook parent company) through Accenture's Austin branch. It is reported that Accenture and Meta (Facebook parent company) signed a nearly $500 million agreement to provide employees with content moderation and business reputation.
According to media reports, Meta (Facebook's parent company) notified the dismissed contract workers through a conference call that their termination date was September 2, and the pay settlement date was October 3. But Meta (Facebook parent company) did not give a specific reason, only that they were selected "randomly". Accenture did not immediately offer other job opportunities to the sacked contractors, but told them they could reapply for any new jobs in the next two weeks.
[Morgan Stanley: Reels hinders Meta's 2023 revenue growth and lowers target price to $225] Morgan Stanley lowered Meta's 2023 revenue and EBITDA forecasts, as the total user participation on the platform is declining and Reels is continuing to grow. It is believed that there will be a negative impact on total revenue. Meta has launched a new feature called Stars on Facebook Reels, giving its creators a new way to monetize short videos. Analysts cut their 2023 revenue and EBITDA estimates by 11% and 21%, respectively, and as a result lowered their price target to $225 from $280. He noted that while Reels' usage rate is impressive, its liquidity remains insufficient, which could be a drag on near-term revenue growth.
02. EU region
[The survey shows that the inflation rate in the euro area will significantly exceed the European Central Bank's target] The inflation rate in the euro area may far exceed the European Central Bank's target, and also significantly exceed the expectations of previous surveys. Internal ECB forecasts show inflation will fall to just above its 2% target by 2024. Respondents, by contrast, were far less optimistic about the price outlook, and they have been raising their forecasts in recent months. Inflation is expected to average 7.5% this year, falling to 4.5% in 2023 and 3% in 2024, the survey showed. Most experts cited energy and commodity prices as the reason for their upward revision of inflation expectations, but 43% also believed that the ECB's overly accommodative monetary policy was driving up inflationary pressures.
[Extreme high temperature weather in Europe has caused serious damage to marine ecosystems] The extreme high temperature recently suffered by many European countries has not only caused troubles to people's daily lives, but also caused serious damage to the marine ecosystems of the Mediterranean. Mass die-offs of some species including corals and algae have been observed in different regions of the Mediterranean. In Spain, hot weather can lead to early harvests in vineyards and even changes in wine taste, resulting in economic losses. A local winemaker said that the continued hot weather this year is bound to reduce wine production.
[Heatwave and drought seriously threaten shipping on many rivers in Europe] This summer, Europe was hit by heatwaves and droughts, with temperatures hitting record highs in many places and significantly less rainfall than in previous years. The German federal and local waterway and shipping management agencies have repeatedly warned recently that the water level of waterways near many cities along the lower Rhine River has set a record low. Falling water levels are the biggest threat to shipping. The Rhine River flows through Germany, France, the Netherlands, Switzerland and other countries. It is an important inland waterway in Europe. It is known as the "European Transport Artery" and carries nearly 80% of Germany's inland shipping volume.
[The German central bank expects double-digit inflation this fall] Germany's inflation rate has hovered at a high of around 8% in recent months, and prices have continued to rise. Germany's "Rheinische Post" quoted the president of the Bundesbank as saying on August 20 that the government's short-term subsidy measures such as energy tax cuts and monthly bus passes are about to expire, and Germany's inflation rate is expected to soar again. "The problem of inflation is not expected to disappear until 2023".
[EU will cancel the "enhanced supervision" mechanism for Greece] The Greek Prime Minister issued a statement saying that after three consecutive rounds of bailouts, the EU will officially cancel the "enhanced supervision" mechanism for Greece on the same day. After the Greek debt crisis broke out in 2009, the European Union carried out three consecutive rounds of bailouts to Greece. The third round of bailouts ended in 2018. Subsequently, the European Union launched a mechanism of "enhanced supervision" on the Greek government's economic development policies and fiscal budget expenditures.
03. Other regions
[The Mayor of London, UK warns that people's livelihood in the UK will face huge challenges this winter] Due to the backlash effect of US and Western countries' sanctions on Russia, food prices and energy prices in European countries remain high. The mayor of London said on social media that the current trend of rising prices in the UK shows no signs of slowing down. If the British government does not intervene, millions of Britons will face a lack of heating and food this winter. 's predicament. A forecast by an energy consultancy company shows that the energy expenditure of British households may rise by 80% by October this year, and the average annual energy expenditure of each household will reach 3,600 pounds.
[In the first half of the year, the scale of South Korea’s imports of Chinese electric vehicles increased by 368% year-on-year, and half of the electric buses were made in China.] The import and export data recently released by the Korea International Trade Association showed that the scale of automobile imports from China in the first half of this year (January to June) It ranks third after Germany and the United States. According to statistics, in the first half of this year, the scale of South Korea’s imports of automobiles from China reached 275.57 million US dollars, a year-on-year increase of 79.7%; the scale of electric vehicles imported from China reached 52.82 million US dollars, a sharp increase of 367.8% compared with the same period last year (27.75 million US dollars). Ranked 3rd among import target countries. The import volume of Chinese-made electric buses carrying 10 or more people has also shown a substantial increase, and now accounts for more than half of the domestic market share in South Korea. South Korea's imports of Chinese-made electric buses have increased from 165 in 2019 and 389 in 2020 to 594 in 2021, and 435 in the first half of this year.
[Ozon opened a new warehouse to replace the burnt warehouse, which has been used for 52,000 square meters] Russian e-commerce Ozon has opened a new warehouse in Pushkin, near Moscow, which will replace the recently burned Istrian warehouse.
Ozon said that previously, the company planned to store only food products in the new warehouse, but since the Istrian warehouse caught fire, a large amount of inventory was forced to be transferred to nearby warehouses, and the load of surrounding warehouses has increased. And this new warehouse can reduce the load of warehouses in the vicinity of Moscow.
According to reports, the new warehouse covers an area of 152,000 square meters, and 52,000 square meters have been put into use. The warehouse is currently open to all commodities except books, clothes and bags. In autumn, the warehouse will be fully opened.
[Affected by the increase in raw material prices, Japan's four major brewers will raise prices] Affected by the increase in the price of grains and the increase in the price of raw materials such as aluminum cans, the production cost of beer has risen sharply. Kirin, Asahi and other four major Japanese beer makers have announced that they will increase the price of the main canned beer this autumn, and the increase is expected to be around 1 to 20%. This will be the first time in 14 years that Japan's four major brewers have raised prices.
Zhimeitong | Logistics Highlights
For more information, pay attention to the public number: Zhimeitong Research Institute
[Access to 200 cities in 24 European countries, and the cumulative number of China-Europe trains has reached 10,000 since the beginning of this year] On August 21, with the departure of the China-Europe train (Xi'an-Hamburg) from Xi'an International Port Station, the total number of China-Europe trains has been opened since the beginning of this year. The number of trains reached 10,000, which was 10,000 trains 10 days earlier than last year. This year, a total of 972,000 TEUs of goods were sent, a year-on-year increase of 5%, and the comprehensive heavy container rate reached 98.4%.
[Baltic Dry Index fell to its lowest level since December 2020 on Friday] The Baltic Dry Index fell 41 points, or 3.1%, to 1279 on Friday, the lowest since December 2020 Level. The capesize index fell 111 points, or 12.8%, to 756 points. The index fell 42.5% for the week, its biggest drop in eight months, as average daily income fell $921 to $6,267. The panamax index fell 61 points, or 3.5%, to 1,688. It fell 11.5% for the week, its biggest drop in a month, as average daily earnings fell $550 to $15,188. The VLSI index rose 37 points to 1,735, rising for the sixth straight session. It was the best week in five months.
Zhimeitong | E-commerce highlights
For more information, pay attention to the public number: Zhimeitong Research Institute
[eBay builds a football card trading platform for Chinese card fans] eBay held the "Playing with Star Cards, Synchronizing Global Players" Star Card Market Sharing Event in Shanghai, gathering Chinese card players and industry media to share the latest global player card market insights and introductions eBay platform star card sales trends and diversified services.
It is understood that eBay is one of the preferred marketplaces for global sellers to buy and sell football cards. In 2021, there will be more than 41 million trading card listings on eBay. Among them, the star card is the most popular category in the collection card, including basketball, baseball, football, tennis, rugby and other sports categories.
According to the general manager of eBay Greater China Sales and Category Management, in recent years, the popularity of football cards has risen sharply. eBay has connected to more than 190 markets around the world, providing domestic card enthusiasts with an international trading platform.
[eBay Australia will update the category structure and add new item details] eBay Australia announced that from September 20, it will add new item specifics (Item Specifics) to certain categories. Once completed, sellers will You will see the category structure and item detail names change.
With increased item details, sellers' listings will match what buyers are searching for, which will make it easier for buyers to find and buy what they're looking for, increasing Listing visibility and conversion rates.
The specific update categories are as follows: Collectibles (collectible characters and supplies); Home & Garden (Furniture & DIY); Parts & Accessories: Quad (Quad), ATV (All Terrain Vehicle) & Tricycle Parts, Scooter Parts, Motorcycle Repair, Stands & Towing, Motorcycle & Scooter Parts, ATV, Side-by-side & UTV Parts, Wheels & Tires.
[Dunhuang.com adds intellectual property protection of OLDSMOBILE, SHIFT SOCK and other brands] Dunhuang.com released the "Announcement on the Protection of Intellectual Property Rights of New Brands such as OLDSMOBILE, SHIFT SOCK, Portable Male Urinal Patent, The Ornamental Design for a Hookah Patent" (hereinafter referred to as the "Announcement") ”).
Recently, the platform has received relevant complaints from relevant brands. Some sellers sell products that infringe the intellectual property rights of OLDSMOBILE, SHIFT SOCK, Portable Male Urinal, The ornamental design for a hookah and other brands. Sellers are requested to conduct self-inspection on the product information of the store (including products that have been removed from the shelves). If unauthorized, please delete the relevant products immediately.
[Wish provides policy support for affected stores in Yiwu] As Yiwu has entered a period of silence, order fulfillment in Yiwu has been affected to a certain extent. To this end, Wish will provide a number of policy supports for the affected stores in Yiwu. Specifically, for orders fulfilled from the main warehouse released from 0:00 on August 5, 2022 to 23:59 on August 20, 2022 Beijing time, Wish will provide the following support for these orders:
For orders released during the above period, if the order has not been fulfilled by 9:00 am Beijing time on August 16, 2022, and has not been refunded or cancelled, the fulfillment period of the order (that is, marked for delivery) will be extended by 7 natural days.
[TikTok Shop 99 Promotion in Southeast Asia Market is about to start] TikTok Shop 99 Promotion in Southeast Asia Market is about to start. This time, the platform will link and integrate the promotion resources of five countries in Malaysia, Singapore, the Philippines, Vietnam and Thailand, and launch discounts to meet the shopping needs of local consumers. .
For cross-border merchants, the TikTok Shop platform is constantly upgrading its business products and fulfillment services. The golden launch time of this Southeast Asia promotion is 12:00-15:00 and 19:00-22:00 Beijing time; the platform provides merchants with global Selling and global commodity product functions, as well as cash on delivery COD fulfillment services, help GMV conversion improve.
The official launch time of the event is from August 29 to September 10, and participating countries include Malaysia, Singapore, the Philippines, Vietnam and Thailand. August 29 to September 4 is the warm-up period, September 5 to September 10 is the official period, and September 9 is BIG DAY.
[TikTok Shop cooperates with NOWRAIN to create the first cross-border super brand day] On the first anniversary of the establishment of NOWRAIN, the head clothing brand of TikTok e-commerce platform, TikTok Shop will focus on the theme "NOWRAIN SUPER DAY" and jointly create a platform marketing IP activity with NOWRAIN" What's in store: NOWRAIN Superbrand Day".
This time, TikTok Shop and NOWRAIN cooperated to create the first cross-border super brand day. The brand turnover of the event increased by 142% compared with the two weeks before the event, and the fans increased by nearly 300% compared with the previous month, realizing the doubled turnover and fan volume. Growth, and has repeatedly broken the historical transaction record of the brand's single live broadcast.