The Ministry of Transport, Ministry of Public Security, Ministry of Finance, and Ministry of Commerce jointly issued a notice to support the scrapping and updating of old operating trucks. The new policy divides the funding burden by regions: East, Central, and West, aiming to promote green development and high-quality transformation in the transportation sector.
Dashun Logistics introduces a new bonded zone international transit model, responding to policy initiatives and helping businesses navigate international supply chain challenges. Through flexible bonded warehousing, efficient customs clearance services, and various transit operation modes, Dashun Logistics provides customers with safe, efficient, and convenient international transit solutions, facilitating smooth global trade. This new model aims to optimize international logistics flows and reduce costs for businesses engaged in cross-border trade, making the process more streamlined and competitive.
Saudi Arabia's latest customs regulations include a complete exemption from export service fees, a reduction in import service fees to 0.15% of the goods' value, the implementation of a temporary import duty exemption policy, and an expanded range of tariff exemptions for industrial products. These regulations aim to simplify trade processes, reduce costs, and promote economic diversification and sustainable development, offering new opportunities for businesses. Companies need to actively adapt to the new rules and seize market opportunities.
Temu may start charging sellers overdue storage fees, drawing seller attention. This new rule could impact profit margins, forcing more refined operations. Increased platform operating costs are likely the reason for the policy change. Sellers should closely monitor official information and adjust their business strategies to adapt to the new market dynamics. This potential fee structure necessitates efficient inventory management and timely order fulfillment to avoid incurring additional costs and maintain profitability on the Temu platform.
Tianjin has made significant progress in supply chain system development, with 19 pilot projects effectively promoting the standardization, intelligence, and safety of logistics. Through policy support, the establishment of standard systems, and innovation in smart supply chain platforms, logistics costs in the city have decreased, and safety management has improved, injecting new momentum into economic development.
Haikou Customs has introduced 21 measures to address foreign trade challenges, aiming to create an efficient customs clearance environment, utilize preferential policies, and explore new business models to support stable growth in Hainan's foreign trade. These measures encompass policy implementation, trade innovation, and improvement of the business environment, enhancing enterprise competitiveness and promoting local economic development.
The US Non-Manufacturing Index edged down to 55.5 in July, but remained in expansion territory, indicating a solid economic foundation. New orders and business activity continued to grow, while employment slowed slightly. Sector performance was mixed. Going forward, attention should be paid to the impact of global economic uncertainties and policy factors on the non-manufacturing sector.
OZON's Q3 financial report is impressive, with GMV increasing by 98%, highlighting the significant potential of Russian e-commerce. OZON is actively supporting Chinese sellers, emphasizing the importance of product selection, localization, and logistics. The platform's growth and focus on international sellers present a valuable opportunity for businesses looking to expand into the Russian market. By addressing key challenges in these areas, Chinese sellers can successfully leverage OZON's platform to reach a large and growing customer base.
Coupang has relaxed restrictions on listing wood products, creating new opportunities for processed wood products. Sellers need to clearly label the parts and categories containing wood products and prepare relevant production reports and inspection certificates. Simultaneously, sellers should pay attention to the platform's warehouse New Year's holiday schedule and the impact of the pandemic on delivery, and prepare for inventory accordingly. This policy change allows for greater flexibility and potential growth for sellers in the wood products category on Coupang.
Amazon's review policy changes present a 'zero review' challenge for new products, significantly impacting conversion rates. Sellers need to actively respond by optimizing listings, leveraging social media marketing, providing excellent customer service, and ensuring compliant reviews. These strategies can help break the 'zero review' curse and achieve sales growth. Overcoming this hurdle is crucial for new products to gain traction and succeed in the competitive Amazon marketplace. Focusing on building trust and credibility is key to driving sales even without initial reviews.
