US Service Sector Shrinks Unexpectedly Ending 10month Growth Streak

US Service Sector Shrinks Unexpectedly Ending 10month Growth Streak

The US Services PMI unexpectedly fell below 50 in May, ending ten consecutive months of growth. A significant decline in new orders was primarily driven by trade friction and uncertainty. Sector performance was mixed, with slight employment growth. The future development of the service sector needs to address challenges related to trade, inflation, demand, and supply chains, while also seizing opportunities in technological innovation and consumption upgrades. The unexpected contraction raises concerns about a potential economic slowdown and the impact of ongoing trade tensions on the service sector's performance.

01/19/2026 Logistics Industry Insights
Read More
Florasis Expands to Department Stores in Longterm Growth Push

Florasis Expands to Department Stores in Longterm Growth Push

Florasis's first department store outlet at Intime marks a shift in its offline strategy from brand display to in-depth operations, focusing on high-end customers and enhancing repurchase rates. This represents a new consensus among domestic beauty brands: emphasizing long-term users, channels, and value, seeking a more stable growth path after the decline of traffic-driven models. The collaboration with Intime is a significant exploration for Florasis in high-end positioning and long-term operational capabilities. It signifies a move towards sustainable growth and customer loyalty.

01/23/2026 Logistics Industry Insights
Read More
VICTAM Asia 2026 to Spotlight Southeast Asias Feed Market in Thailand

VICTAM Asia 2026 to Spotlight Southeast Asias Feed Market in Thailand

VICTAM ASIA 2026, a feed industry exhibition, will be held in Bangkok, Thailand in March. Focusing on feed processing, ingredients, and additives, the event provides a platform for companies to seize opportunities in the Southeast Asian market. This exhibition offers a comprehensive overview of the latest trends and technologies in animal feed production, allowing businesses to connect with potential partners and expand their reach within the region. Don't miss this chance to explore new business prospects and gain a competitive edge in the dynamic Southeast Asian feed market.

01/23/2026 Logistics Industry Insights
Read More
Openais Sora Transforms Video Production for Film and Advertising

Openais Sora Transforms Video Production for Film and Advertising

OpenAI's Sora model is revolutionizing video creation by generating realistic scenes from text prompts, empowering industries like film, advertising, education, and cross-border e-commerce. Based on diffusion transformer technology, Sora simplifies video production workflows, reduces costs, and enhances marketing effectiveness. Despite its limitations, Sora represents a significant breakthrough in AI, foreshadowing the future of video creation. Its ability to create compelling visuals from simple text inputs opens up new possibilities for businesses to engage audiences and drive sales, especially in the competitive landscape of global online retail.

01/23/2026 Logistics Industry Insights
Read More
Huano Aerospace Expands in Emergency Tech and Lowaltitude Economy

Huano Aerospace Expands in Emergency Tech and Lowaltitude Economy

Huano Xingkong has been recognized for its outstanding performance in emergency management and the low-altitude economy, winning the provincial second prize in the "Data Element x" competition's emergency management track and the title of "China's Low-Altitude Economy Benchmark Enterprise." The company constructs a full-cycle natural disaster prevention and control system through technology integration and actively participates in the construction of the low-altitude economy, injecting new impetus into the high-quality development of the industry. Their contributions are significant in both disaster preparedness and the emerging low-altitude sector.

01/23/2026 Logistics Industry Insights
Read More
Chinathailand Land Route Boosts Trade Efficiency

Chinathailand Land Route Boosts Trade Efficiency

The China-Thailand land transportation line offers advantages like fast delivery, low cost, and high security, becoming a new option for China-Thailand trade. This article details the advantages, processes, precautions, and frequently asked questions related to the land transportation line. It aims to provide China-Thailand traders with a more comprehensive logistics solution, highlighting its efficiency and cost-effectiveness compared to other modes of transport. The guide also covers customs clearance and documentation requirements, ensuring a smooth and reliable shipping experience for businesses involved in cross-border trade between China and Thailand.

01/23/2026 Logistics
Read More
HS Convention at 25 Data Shapes Global Trades Future

HS Convention at 25 Data Shapes Global Trades Future

The World Customs Organization (WCO) celebrated the 25th anniversary of the Harmonized System Convention, highlighting the HS's central role and future development in international trade. As a universal language for global trade, the HS simplifies trade processes and enhances efficiency. The WCO is actively conducting strategic reviews to ensure the HS adapts to new trade patterns and technological advancements. It also encourages greater participation from developing countries in HS-related activities, fostering a more inclusive and responsive global trade environment. This ensures the HS remains relevant and effective in facilitating international commerce.

01/26/2026 Customs Knowledge
Read More
WTO and WCO Forge Partnership to Modernize Global Trade

WTO and WCO Forge Partnership to Modernize Global Trade

The Director-General of the World Trade Organization (WTO) met with the Secretary-General of the World Customs Organization (WCO) in Geneva to deepen cooperation in traditional trade areas and address pandemic-related challenges. Discussions focused on facilitating cross-border vaccine transport and ensuring global supply chain security. This meeting signals a new era of more efficient and secure global trade. Both organizations aim to streamline procedures and enhance collaboration to support economic recovery and build resilience against future disruptions. The focus is on practical solutions to improve trade flows and promote international cooperation.

01/26/2026 Customs Knowledge
Read More
WCO APEC Boost Digital Trade in Asiapacific

WCO APEC Boost Digital Trade in Asiapacific

The Secretary General of the World Customs Organization (WCO) highlighted the role of smart borders in Connectivity 4.0 at the APEC Summit in Chile. He presented WCO's initiatives to facilitate the integration of SMEs into global value chains and address the challenges of e-commerce. The WCO also expressed its support for Chilean customs reform, aiming to jointly build a new landscape for digital trade in the Asia-Pacific region. The focus is on leveraging technology and collaboration to streamline trade processes and foster economic growth within the APEC framework.

01/26/2026 Customs Knowledge
Read More
Hong Kong Fuels Crossborder Ecommerce Growth

Hong Kong Fuels Crossborder Ecommerce Growth

Following the new tax policies for cross-border e-commerce, Hong Kong warehouses have become increasingly popular among businesses due to their unique geographical, trade, and policy advantages. E-commerce giants like Amazon are increasing their investment in Hong Kong warehouse infrastructure, highlighting its strategic value within the direct mail model. Despite facing challenges, Hong Kong warehouses will remain a crucial option for cross-border e-commerce in the short term, driving the industry towards diversification and refinement. This trend reflects the ongoing adaptation of businesses to the evolving landscape of international online retail.

01/26/2026 Warehousing
Read More