Foreign Trade Information | 2023 French E-Commerce Report Released; US Money Supply Ends Downtrend!
NO.1, 2023 French e-commerce report released
Recently, the 2023 French e-commerce national report was released. France is the seventh largest economy in the world and the third largest in Europe after Germany and the United Kingdom. With high spending power, the amount of e-commerce consumption in France also exceeds the European average.
The report shows that since 2021, the growth of e-commerce revenue in France has declined slightly, but it has now returned to the level before the epidemic and is expected to continue to grow. Especially with the upcoming 2024 Paris Olympic Games, the French e-commerce market is expected to usher in substantial growth.
According to the report, in 2023, more than 20% of online shopping consumers expect to increase their online shopping spending in major categories, with the most obvious increase in clothing and fashion categories, followed by household items. And 34% said they would spend less on consumer electronics online, and 28% would spend less on household products online.
NO.2. The U.S. money supply ends its downward trend
U.S. broad money supply (M2) reversed its longest streak of declines since 1959 in May.
On June 27, local time, the latest data released by the Federal Reserve showed that after adjusting for seasonal factors, the broad money supply (M2) in the United States in May was 20.8 trillion U.S. dollars, an increase of 0.6% from the previous month, which was the first time since July last year. The month-on-month increase reversed the longest consecutive decline since 1959.
However, market participants believe that the recovery of M2 in the United States may be short-lived. In the next few months, with the Ministry of Finance issuing a large number of short-term bonds to rebuild the general account (TGA) and the Fed's quantitative tightening, liquidity will further shrink.
NO.3, AliExpress increased investment in overseas warehouses in Brazil
According to news on June 27, AliExpress Brazil Station will focus on overseas warehouse business this year, providing double insurance for merchants in terms of cost and timeliness, so that more categories are more suitable for sales to Brazil.
According to the information disclosed by AliExpress at the merchant briefing a few days ago, at present, overseas warehouses in Brazil can achieve delivery in core cities within 5-10 days. The ecological warehouse of the stocking platform can obtain the "x day delivery" mark; the stocking in other third-party overseas warehouses can also have the "x day delivery" mark as long as they pass the promise delivery assessment.
At the same time, the platform also provides a "late payment" service, which actively experiences compensation for "x day arrival" orders that exceed the expected arrival time of logistics, and improves the purchase conversion rate.
NO.4, Tesla charging technology will become the industry standard in the United States
According to foreign media news on June 28, the Society of Automotive Engineers (SAE) recently stated that Tesla's electric vehicle charging technology is rapidly becoming the industry standard in the United States.
Foreign media pointed out that for several weeks, companies including electric car manufacturers Rivian, Ford Motor, General Motors and others have agreed to adopt Tesla's proprietary charging standard NACS (North American Charging Standard), allowing customers to use the largest charging network in the United States..
SAE pointed out that the standardization process is a key step in establishing a consensus-based, NACS charging connector will be standardized to ensure that any supplier or manufacturer can use, manufacture or deploy this charging port. The association said it would speed up the creation of a standardized NACS charging connector, hoping to improve the country's charging infrastructure more quickly.
NO.5, Walmart launches inventory delivery service for third-party sellers
Source: Wal-Mart official website intrusion and deletion
Walmart recently revealed that it has begun rolling out a new inventory-centric solution as part of its third-party seller Walmart Delivery service.
"Our new solution seamlessly and efficiently moves inventory into Walmart fulfillment centers, optimizing supply chain logistics and speeding up deliveries to customers," said Walmart's vice president of Fulfillment Services.
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