Hong Kong to Rename Virtual Banks As Licensed Digital Banks

Hong Kong to Rename Virtual Banks As Licensed Digital Banks

The Hong Kong Monetary Authority (HKMA) plans to rename "Virtual Banks" to "Licensed Digital Banks" to eliminate public misconceptions about the term "virtual" and enhance trust. This move aims to further promote the development of digital banking in Hong Kong and align with international trends. Currently, digital banks in Hong Kong have 2.2 million customers and deposits of HK$37 billion. The rebranding reflects the growing maturity and acceptance of digital banking services in the region, signaling a commitment to innovation and financial inclusion.

02/12/2026 International Settlement
Read More
Amazon Faces Ethical and Supply Chain Challenges with Suppliers

Amazon Faces Ethical and Supply Chain Challenges with Suppliers

Amazon's first public disclosure of its private-label supplier list has sparked discussions regarding supply chain transparency, labor rights, and corporate social responsibility. While a positive step, limitations in information disclosure and the company's lack of participation in relevant alliances are evident. Moving forward, Amazon needs to strengthen oversight, collaborate with unions, and enhance transparency to genuinely fulfill its social responsibility and achieve sustainable development. This includes more comprehensive reporting and proactive engagement with stakeholders to ensure ethical and responsible practices throughout its supply chain.

02/03/2026 Logistics Industry Insights
Read More
Union Pacificnorfolk Southern Merger Stirs Competition Concerns

Union Pacificnorfolk Southern Merger Stirs Competition Concerns

The proposed $85 billion merger between Union Pacific and Norfolk Southern has sparked widespread controversy. Labor unions fear it will weaken competition and threaten safety. Competitor BNSF has also expressed concerns about the changing industry landscape. UP argues that the merger will improve efficiency and optimize services. The STB will assess whether it is in the public interest. The future of this potential railroad giant marriage is under intense scrutiny. The decision will have significant implications for the rail industry and the broader transportation network.

02/03/2026 Logistics Industry Insights
Read More
US House Passes CORCA Act to Tackle Retail Crime

US House Passes CORCA Act to Tackle Retail Crime

The House Judiciary Committee passed the Combating Organized Retail Crime Act of 2025 (CORCA), aiming to strengthen federal law enforcement, establish crime coordination centers, increase penalties for cargo theft, and enhance public-private partnerships. This legislation addresses the growing problem of organized cargo and retail theft, seeking to protect supply chain security and consumer interests. CORCA aims to provide better tools and resources to combat these crimes and deter future offenses by improving collaboration and increasing accountability for those involved in organized retail crime.

02/03/2026 Logistics
Read More
WCO Private Sector Collaborate to Strengthen Global Supply Chains

WCO Private Sector Collaborate to Strengthen Global Supply Chains

The World Customs Organization (WCO) Private Sector Consultative Group (PSCG) met and engaged in dialogue with the WCO Policy Commission (PC), focusing on business recovery, the WCO Data Strategy, and Green Customs. Both parties emphasized strengthening cooperation to normalize trade facilitation measures and leveraging data and technology to promote sustainable development, jointly building a more resilient global supply chain. The discussions highlighted the importance of collaboration between the public and private sectors in addressing current challenges and fostering a more efficient and sustainable global trade environment.

02/02/2026 Customs Knowledge
Read More
FMCSA Proposes Safety System Overhaul to Reduce Trucking Accidents

FMCSA Proposes Safety System Overhaul to Reduce Trucking Accidents

The US FMCSA has released a proposed rule to revise the SMS (Safety Measurement System). The aim is to more accurately identify high-risk carriers, reduce accident rates, and improve road safety by adjusting safety categories, violation groupings, simplifying severity weights, modifying intervention thresholds, and optimizing carrier comparisons. A 90-day public comment period has been initiated, allowing stakeholders to provide feedback on the proposed changes. This revision seeks to enhance the effectiveness of the SMS in identifying and addressing safety concerns within the trucking industry.

02/04/2026 Logistics
Read More
7step Facebook Ad Guide for Global Trade Firms

7step Facebook Ad Guide for Global Trade Firms

This article details seven essential steps for foreign trade companies before running Facebook ads. These include creating a personal account, a public page, a business ad account, Business Manager (BM), and Facebook Pixel. Furthermore, it covers binding the page and ad account to BM, and assigning user permissions. By completing these steps, businesses can lay a solid foundation for effective Facebook advertising, enabling them to better expand into the global market. This preparation is crucial for maximizing ad performance and reaching a wider international audience.

01/04/2026 Logistics Encyclopedia
Read More
Ebay Sellers Boost Sales with Strategic Keyword Tools

Ebay Sellers Boost Sales with Strategic Keyword Tools

This article details how eBay sellers can leverage keyword tools to improve product visibility and sales. It explores using tools like Answer the Public and SEMrush to uncover potential demand and analyze competitors, alongside the eBay platform's search bar for precise keyword identification. The emphasis is on thinking from the buyer's perspective and continuously optimizing keyword strategies to ultimately achieve a dual increase in traffic and conversion rates. By focusing on relevant and high-performing keywords, sellers can significantly boost their product listings' performance.

12/31/2025 Logistics Encyclopedia
Read More
USPTO Launches Patent Search Tool for Ecommerce Sellers

USPTO Launches Patent Search Tool for Ecommerce Sellers

The United States Patent and Trademark Office (USPTO) has upgraded its public patent search tool, which can be utilized by cross-border e-commerce sellers to search for design patents and mitigate infringement risks. This article provides a detailed introduction to the new tool's features, methods for searching design patents, and the U.S. design patent application process. It aims to help sellers achieve compliant operations in the U.S. market by leveraging this resource to proactively avoid potential intellectual property issues related to design patents.

12/30/2025 Customs Knowledge
Read More
Lege Shares Launches Container Ship to Boost Ecommerce Supply Chain

Lege Shares Launches Container Ship to Boost Ecommerce Supply Chain

Lego's investment in building container ships aims to address cross-border e-commerce logistics challenges, improve supply chain efficiency and security, and reduce transportation costs. This move is a key step in its integrated strategy of "public overseas warehouses + first-leg ocean shipping," which will help Lego and more small and medium-sized enterprise brands achieve global development. By controlling its own shipping capacity, Lego aims to mitigate risks associated with relying on third-party logistics providers and gain greater control over its supply chain.

02/05/2026 Logistics
Read More