The worsening of the epidemic in India has impacted global shipping; US imports will surge, and Christmas shipping capacity may be insufficient

The global shipping industry is hit hard again. The worsening epidemic in India has put seafarers' rotation into crisis again

As the COVID-19 epidemic in India worsens, Singapore, as a shipping hub, has been forced to ban the entry of seafarers from India and other South Asian countries. Crew rotation has once again fallen into crisis, making the already tight global shipping industry even worse.

According to the United Nations, 80% of global trade relies on shipping, and 240,000 of the world's 1.6 million seafarers are from India. Entry restrictions have undoubtedly further exacerbated the impact on the shipping industry. And this situation is unlikely to ease in the short term. Industry insiders said that compared with the supply chain disruption caused by the inability of crew members to change shifts, the Suez Canal blockage in March will be insignificant.

US imports will surge, Christmas shipping capacity may be insufficient

Christmas is still more than seven months away, but Americans are starting to worry about whether they will get the presents they want under the Christmas tree by then, as it may be stuck on a Chinese dock that morning.

The challenges of importing goods during the upcoming peak season were highlighted by the Census Bureau’s March retail trade report released last Friday and an analysis of the data released on Monday. Despite an unprecedented boom in containerized cargo imports to the United States in recent months, the retail inventory-to-sales ratio has fallen to a record low.

Vietnamese social e-commerce startup Mio receives $1 million in seed funding

Vietnamese social e-commerce startup Mio announced that it has received $1 million in seed financing. It is understood that Vietnam is one of the fastest-growing e-commerce markets in Southeast Asia, but many platforms are still mainly focused on large cities, and people in small cities or rural areas need to wait longer for delivery.

Mio currently focuses on fresh groceries and plans to expand into more categories. It was founded in June 2020 and currently has hundreds of agents, mainly women aged 25 to 35 living in small cities or rural areas.

Shopee helps Malaysian SMEs achieve RM1 billion in sales

A statement released by Shopee Malaysia showed that the platform has helped more than 100,000 Malaysian small and medium-sized enterprises to digitize and achieved sales of approximately RM1 billion.

Shopee said that this achievement was achieved through cooperation with various government structures and associations since the implementation of the restriction order in March last year. The strategic cooperation with multiple parties is based on the common goal of helping small and medium-sized enterprises affected by the epidemic to return to normal. In addition to helping companies start online sales, Shopee has also planned various cashback discount activities to stimulate sales of local small and medium-sized enterprises.

Amazon responds to the account suspension controversy: reviews should not be abused, and all sellers, big and small, will be treated equally

Yesterday, Amazon Global Selling released a letter to all Amazon sellers. The letter mentioned that Amazon's policy has always required sellers not to abuse reviews. Recently, Amazon has suspended the sales rights of some sellers, and will continue to perform this duty in the future, strictly monitor the operating environment of the mall, and take prudent actions.

Russia: The e-commerce market size of children's products reached 60 billion rubles in 2020!

Recently, Data Insight, Russia's first e-commerce market research organization, released a report on the "Online Market for Children's Products in 2020". The report shows that the scale of Russia's children's products e-commerce market in 2020 reached 60 billion rubles.

Data shows that in 2020, a total of 30 million orders for children's products were placed in Russia, an increase of 82% year-on-year compared with 2019; the total amount was 60 billion rubles (about 820 million US dollars), an increase of 63% year-on-year; the average expenditure of Russian online buyers fell by 11% to 2030 rubles. In terms of order volume, online orders for children's products accounted for 4% of the total orders, and 61% of children's online orders came from mobile devices.

Online Shopping

E-commerce

Cross-border e-commerce