In August 2024, China's warehouse index rose to 50.2%, indicating a recovery in the industry. Key indicators such as end-of-period inventory, average inventory turnover, number of employees, and business expectations have improved. However, the new orders index remains below the prosperity line, suggesting that demand has not fully recovered.
With the advancement of digitalization, modern Supply Chain Management (SCM) software offers businesses real-time visibility and efficient logistics support. By integrating warehouse management, transportation management, and artificial intelligence, companies can better forecast demand and enhance customer satisfaction, gaining a competitive edge in a fiercely contested market.
Kenco has acquired the 3PL business of Drexel Industries along with its four warehouse locations, enhancing its logistics network in North America. This acquisition will improve Kenco's service capabilities in Canada, providing clients with a wider range of logistics solutions and integrating 100 employees from Drexel.
Recently, Guangdong Province launched several policies to support cross-border e-commerce. These initiatives include eliminating the registration requirement for overseas warehouse companies, simplifying document declarations, enhancing the efficiency of LCL shipments, and promoting returns across regions, making it easier and more efficient for cross-border e-commerce sellers to conduct their business.
Singapore can implement a duty deferment policy that allows foreign trade enterprises to leverage various programs, such as the zero GST warehouse scheme and the major exporter scheme, to reduce costs. To benefit from these policies, specific conditions must be met. It is advisable to consult local customs or professional service providers to ensure compliance.
SF Express Group has signed a cooperation agreement with Jilin Tonghua International Inland Port to advance pharmaceutical logistics, cold chain delivery, and warehouse management services. The partnership aims to leverage Tonghua's geographical advantages and abundant pharmaceutical resources. Operations are expected to launch within two weeks, contributing to Tonghua's goal of becoming 'China's Pharmaceutical City'.
OZON has updated its platform rules, optimizing return settings. Sellers can now customize return addresses, not limited to Russia. Product listing rules have also been adjusted, with only one product type allowed per SKU. Sellers are advised to manually select the correct product type before May 2nd to avoid random system assignment affecting traffic. This update aims to standardize operations, improve the buyer's shopping experience, and support the development of high-quality sellers on the platform.
TEMU's semi-managed model is expanding, with Czech and Polish sites launching soon. The platform has opened product listings, allowing sellers to register early. Shipping supports mutual delivery between six countries, and the return policy allows returns to multiple warehouses. Polish and Czech sites require uploading return labels. Seize the opportunity and plan ahead to potentially gain a share in this blue ocean market. Early preparation could be key to success as TEMU continues its expansion in Europe.
This article explains how to securely make an international transfer to BANCA NAZIONALE DEL LAVORO S.P.A. in Italy, emphasizing the importance of its SWIFT/BIC code BNLIITRRANX to ensure funds are sent accurately.
The article explains how to securely and effectively send international remittances to Standard Bank Isle of Man. It provides the bank's SWIFT/BIC code and essential banking information, advising customers to confirm the required details before remitting funds to ensure that the money reaches its destination smoothly.
