Amazon is matching prices with tesco in a bid to boost the UK grocery industry
Amazon inc’s British grocery business will match prices on hundreds of everyday items with those offered by rival Tesco, in a radical move against Britain’s biggest supermarket chain, foreign media reported. Amazon’s Seattle headquarters will match and lock in prices offered by Tesco’s Clubcard loyalty program in categories including produce, meat and fish, it said. In addition to price matching, Amazon offers deals such as its own line of brands and same-day delivery of grocery orders in some areas.
ShopeeFood expands into East Malaysia
ShopeeFood recently announced the expansion of its operations into East Malaysia (” East Malaysia “), starting from Sabah. From July 14, ShopeeFood’s online food delivery service will be available in various parts of Sabah including Kota Kinabalu, the capital of Sabah. ShopeeFood operates in Kota Kinabalu, Pangnam, Bangka, Petagas, Bengal, Inam, Likas, Fuk Sang, Damai, Bukit Padang, Lido and Luyang. Through this business expansion, residents in the above areas can enjoy home delivery services.
TikTok is expected to generate $5.96 billion in U.S. AD revenue this year
According to Insider Intelligence, TikTok’s U.S. AD revenue will jump 2.8 times from 2021 to $5.96 billion in 2022. TikTok’s revenue (worldwide) could triple to more than $11 billion in 2022, Insider Intelligence previously said.
Lazada publishes women’s guides for The Philippines, Malaysia and Singapore
Lazada has released a guide to the Philippines, Malaysia and Singapore 2022 women’s wear Boom trends. It is understood that the Philippines is the second largest women’s clothing market in Southeast Asia, with strong consumer desire. The Philippines islands are generally hot and humid throughout the year. It is rainy season from May to November every year and there are more typhoons. Women like to wear cool halter tops, short skirts and bright colors and floral patterns. As for Singapore, the data showed that it had the largest proportion of cross-border shoppers (78 per cent). Of those, 41 percent spent on clothing and 22 percent on cosmetics and beauty products.
[Market Dynamics]
E-commerce in Europe reported a 13% year-on-year growth in 2021
E-commerce sales in Europe grew 13% year-on-year in 2021 and are expected to continue growing in 2022, but new global challenges lie ahead, according to Ecommerce Europe and EuroCommerce’s 2022 European E-commerce Report. According to the report, E-commerce sales in Europe rose to 718 billion euros in 2021, up 13% year-on-year, with a stable growth rate but expected to slow thereafter as COVID-19 containment measures are lifted.
Digital goods brand aggregator Rainforest has raised $45 million in Series A funding
Rainforest Rainforest, A Singapore-based aggregator of e-commerce brands, has closed A $45 million Series A funding round led by Canopy Tropics, A unit of Southern Capital Group, Other investors included Monks Hill Ventures, Insignia Venture Partners and January Capital.
Global air cargo traffic fell 8.3 per cent in May, the third consecutive month of decline
Global air cargo traffic fell 8.3% in May, according to the International Air Transport Association (IATA). It is the third consecutive month since the first decrease in one year and four months in March. The decline was 14.6 per cent in Europe and 6.6 per cent in Asia and the Pacific. With fewer flights, transportation capacity continues to decrease. As transportation costs increase, so do freight rates. The International Air Transport Association (IATA) pointed out that due to the stagnation of air transport, increasing supply chain chaos, affecting trade.
Russian stores are selling record discounts
Russian stores’ share of grocery and fast-moving consumer goods (FMCG) sales in currency discounts reached 48% in July, a new weekly record for 2022, according to the report. According to the data, the most significant increase in promotional share between June and July was in sales of children’s wipes and breast milk substitutes (up 19% and 18% respectively).
Nearly 90 per cent of Britons said they would cut back on spending
Almost 90 per cent of UK consumers plan to cut back on non-essential spending in the coming year to offset sharp rises in the cost of everyday living as the cost of living crisis spreads, according to new research by Grant Thornton and Retail Economics. 41% of UK consumers expect the current squeeze in living standards to affect their spending habits by at least the end of 2023. Fifty percent of British consumers said they would buy cheaper or discounted products in response to the rising cost of living, while 43 percent said they would cut back on unnecessary spending. Thirty-six percent said they would save money through loyalty programs.
【 Logistics Information 】
Maersk: The EU emissions trading surcharge will be introduced early next year
Maersk, a container shipping giant, has already introduced a surcharge on EU carbon emissions. The charge will be passed on to customers to cover the cost of integrating the project into the EU’s emissions trading system from next year. The EU plans to start charging for emissions from The European shipping industry next year and spend half of those emissions on sailing between EU and EU ports. The rule will be phased in gradually, charging only 20 percent of the total fee in 2023, rising to 100 percent from 2026.
China Post has opened its first international air route this year
China Post Air flight CF217 took off from Shenzhen Bao ‘an International Airport at 11:17 a.m. Beijing time on July 18 and arrived safely at Kansai International Airport in Osaka, Japan at 14:25 a.m., marking the official launch of China Post’s Shenzhen-Osaka international freight route. The route is operated by Boeing B757-200F all-cargo aircraft and operates four times a week, Monday through Thursday. “Shenzhen-osaka” is the first international route opened by China Post this year, and the fifth route connecting To Osaka, Japan on China Post’s independent air network.
Dunhuang net adds American shipping small bag and American shipping large cargo channel
Dunhuang net recently issued a notice about the American shipping packet -HY (0-21kg) and the United States shipping bulk cargo -HY (21kg+) online. Announcement said, Dunhuang net line special hui Bao line of the United States shipping packet -HY and the United States shipping bulk cargo -HY. The announcement shows that the United States shipping small package -HY channel reference transportation age 18-35 days, weight limit 22kg, the United States shipping large cargo -HY channel reference transportation age 18-35 days, weight limit 9999kg.
Truckers strike at American ports
In the past two weeks, truckers have been on strike at major U.S. ports, straining the nation’s already fragile supply chain. This week, there was a massive protest by truck drivers at the port of Oakland, California. By Wednesday, the strike was so large that it had virtually shut down surface shipping at California’s third-largest port.