Layout Southeast Asia! Temu may launch more sites

NO.1 Temu may be launched in Singapore, Thailand and other sites in September

Last month, Temu opened its sites in Japan and South Korea one after another, accelerating the expansion of the East Asian market. This month, shortly after Temu launched its Chilean site, it set its sights on the Southeast Asian market.

A few days ago, Pinduoduo's cross-border platform Temu officially launched its first site in Southeast Asia - the Philippine station, taking the first step into the Southeast Asian market.

It is reported that Temu will launch in Malaysia, Thailand, Vietnam, and Singapore in September after its launch in the Philippines recently.

NO.2 FedEx will increase shipping and customs fees

FedEx said on the 29th that it will increase freight and import customs clearance service fees from January 1, 2024 to improve the profitability of package delivery companies.

Freight rates for U.S. domestic, export and import services will increase by an average of 5.9%, FedEx said in a statement. FedEx will also increase rates for its Ground Express and Home Delivery services by the same amount.

NO.3 Brazilian chemical imports surged by 50%

Recently, statistics from the Brazilian Chemical Industry Association (Abiquim) show that in July this year, Brazil’s chemical imports reached 5.1 billion US dollars, with an import volume of 5 million tons, the highest import volume this year, and an import volume of 3.3 million tons. A surge of 50% compared to February.

More cost-competitive imports have severely squeezed domestic market share, the association said. Taking non-PVC resin as an example, in the first quarter of this year, Brazil's domestic demand for non-PVC resin increased by 1.8% to 1.44 million tons, while output fell by 17.4% and exports fell by 31.1%. In contrast, imports rose 42.7 percent to account for 37 percent of domestic demand and increased market share by 10 percent.

NO.4 Ali International Station will remove Narskido baby bath seat and other products

Ali International Station recently released the Narskido Baby Bath Seat Product Recall Announcement (hereinafter referred to as the Announcement). The announcement shows that the recall involves the Narskido infant bathroom seat. The molded plastic bath seat is light blue and white, has a suction cup on the bottom, a removable handle on the front, and a temperature card on the back of the base.

Commodity Risk Description: These baby bath seats do not meet federal safety standards, including stability and leg opening requirements, and may tip over when in use, posing a drowning risk to infants.

At the same time, Ali International Station also issued a product recall notice for Janod Sweet Cocoon activity tables. This recall involves two types of Janod Sweet Cocoon activity tables, which are suitable for children aged 12 months and above.

NO.5 Online sales in peak season in the fourth quarter of the United States may only increase by 1%

According to the forecast released by the data agency Salesforce, US e-commerce sales in Q4 of 2023 are expected to reach 273 billion US dollars, with a year-on-year growth rate of 1%.

In comparison, the global online market is expected to grow at 4%, with online sales expected to reach .19 trillion. “During the back-to-school season, 42% of consumers said they would spend more, but 57% would spend less,” said Caila Schwartz, Director of Retail Consumer Goods/Consumer Insights and Strategy at Salesforce.