Grab Exits Indonesia Cloud Kitchen Market to Boost Profitability

Grab Exits Indonesia Cloud Kitchen Market to Boost Profitability

Grab announced the closure of its GrabKitchen cloud kitchen operations in Indonesia due to inconsistent growth and profitability pressures. Affected employees will receive severance packages, and merchant partners will receive additional compensation and rental waivers. This move is seen as a significant step towards Grab's profitability goals, reflecting the challenges businesses face in seeking sustainable growth within a competitive market. The closure signals a strategic contraction to optimize resources and focus on core business areas.

Purple Innovation Struggles to Recover After Private Equity Shift

Purple Innovation Struggles to Recover After Private Equity Shift

Purple, a once-celebrated DTC brand that disrupted the mattress industry with innovative technology, is now struggling with losses and facing privatization. Its rapid growth was fueled by technological innovation, the DTC model, and online-offline integration. However, low competitive barriers and the impact of the pandemic have led to declining performance. Whether Purple can save itself through acquisitions like Intellibed and continue its innovative mattress journey remains uncertain. The company's future hinges on its ability to adapt to the changing market landscape and regain its competitive edge.

Amazon Sellers Focus on ACOS to Boost Ad Profitability

Amazon Sellers Focus on ACOS to Boost Ad Profitability

This article provides an in-depth analysis of the ACOS metric in Amazon Advertising, highlighting its significance and influencing factors. It emphasizes the importance of ACOS optimization for improving store profitability. The article proposes several ACOS optimization strategies, including optimizing ad placement bids, negating ineffective keywords, and leveraging long-tail keywords. The aim is to assist sellers in achieving refined advertising operations on Amazon, effectively controlling advertising costs, and ultimately enhancing profitability.

Amazon Sellers Guide to Boosting Traffic Via Editorial Picks

Amazon Sellers Guide to Boosting Traffic Via Editorial Picks

This article provides an in-depth analysis of Amazon's "Editorial Recommendations" section, exploring its mechanics and practical strategies, revealing both opportunities and challenges. By examining the agency model and entry requirements, and offering practical advice on keyword selection and review article optimization, this guide helps sellers rationally evaluate and effectively utilize this traffic source. It aims to prevent blind investment and ultimately achieve sales growth. It covers key aspects like how to get listed and optimize product pages for better visibility within the "Editorial Recommendations".

Comedians Turn to Taobao Livestreaming As Ecommerce Trend Grows

Comedians Turn to Taobao Livestreaming As Ecommerce Trend Grows

Comedian Li Dan's debut on Taobao live streaming marks an acceleration of comedians entering the live streaming e-commerce arena. Leveraging their inherent popularity and affability, comedians bring new vitality to live commerce, but also face challenges such as balancing product quality and professionalism. In the second half of live streaming e-commerce, content and quality remain the core competitiveness. The success hinges on authentic engagement and delivering value beyond mere entertainment, ensuring long-term consumer trust and satisfaction.

WCO Evaluates SAFE Framework to Strengthen Global Trade Security

WCO Evaluates SAFE Framework to Strengthen Global Trade Security

The SAFE Working Group meeting assessed the framework's implementation, focusing on data strategies and green customs initiatives. A new AEO (Authorized Economic Operator) curriculum was launched, and the working plan was revised to better reflect current priorities. Discussions emphasized strengthening coordination across various sectors to enhance the overall effectiveness of the SAFE Framework in promoting secure and efficient trade. The meeting highlighted the ongoing commitment to international customs cooperation and trade security.

WCO WTO Partner on Tech to Boost Crossborder Ecommerce

WCO WTO Partner on Tech to Boost Crossborder Ecommerce

A joint WCO-WTO Public Forum session highlighted the crucial role of disruptive technologies and e-commerce in post-pandemic trade recovery. The meeting explored topics such as e-commerce, public-private partnerships, and data applications. It emphasized the importance of technological innovation and data-driven approaches in customs modernization, and looked ahead to future trends in global trade. The discussions underscored how these elements are vital for streamlining processes, enhancing efficiency, and fostering sustainable growth in the evolving international trade landscape.

Algeria Studies Dutch Customs Labs to Enhance African Trade

Algeria Studies Dutch Customs Labs to Enhance African Trade

Algerian customs experts visited the Netherlands to study customs laboratories, aiming to learn advanced practices for building a modern laboratory in their country. This visit is part of the EU-World Customs Organization HS-Africa project, which focuses on improving customs management and promoting trade facilitation in Africa. The study tour covered laboratory design, technical equipment, workflow, and tariff classification. The insights gained will provide valuable references for the construction of the Algerian customs laboratory.

New HS Codes Aim to Boost Sustainable Fishing Globally

New HS Codes Aim to Boost Sustainable Fishing Globally

This paper explores how the Harmonized System (HS) code can promote the sustainable development of global fisheries. By refining the classification of aquaculture products, establishing specific codes for key traded species, and incorporating CITES species and species with Codex Alimentarius standards into the HS code, making the HS code more 'green', it can better monitor and manage global fisheries trade, thereby achieving sustainable fisheries development. The paper argues that a more detailed and environmentally conscious HS code is crucial for effective fisheries management and conservation.

Venezuela IATA Discuss Aviation Revival to Spur Economic Growth

Venezuela IATA Discuss Aviation Revival to Spur Economic Growth

The International Air Transport Association (IATA) is actively engaged in dialogue with the Venezuelan government to rebuild the country's air connectivity. Discussions focus on key issues such as the repatriation of funds, the lifting of COVID-19 restrictions, and the strengthening of operational safety. IATA urges Venezuela to address these challenges to facilitate the recovery of the aviation industry and contribute to the country's economic growth. Resolving these issues is crucial for attracting investment and restoring confidence in Venezuela's aviation sector.