1. Top 50 Global Logistics Enterprises List

On June 19th, the International Logistics and Transportation Association Annual Conference opened in Langfang, Hebei. Over 300 guests from more than 70 countries and regions attended the morning ceremony and Global Supply Chain Sustainable Development Conference. During the opening ceremony, the "Top 50 Global Logistics Enterprises List" was released, with the top ten companies as follows: DHL (1st), United Parcel Service (2nd), FedEx (3rd), Maersk (4th), DEX (5th), DSV (6th), COSCO (7th), Xiamen Xiangyu (8th), Union Pacific (9th), and Hapag-Lloyd (10th).

Among them, 12 Chinese companies were included in the top 50 third-party logistics companies globally: COSCO (7th), Xiamen Xiangyu (8th), SF Express (11th), Evergreen Marine (16th), Orient Overseas Container Line (19th), JD Logistics (25th), Sinotrans (32nd), Daqin Railway (34th), Wan Hai Lines (43rd), Kerry Logistics (45th), Yunda (46th), and China Merchants Development (50th).

Source: International Logistics and Transportation Association

2. SHEIN Ranks Second Among China's Unicorn Enterprises

On June 19th, at the "2024 China (Chongqing) Unicorn Enterprise Conference," Great Wall Strategic Consulting released the "2024 China Unicorn Enterprise Research Report," revealing the latest developments in China's unicorn enterprise landscape. The report indicated that in 2023, China had a total of 375 unicorn enterprises with a combined valuation of approximately $1.2 trillion. E-commerce platform SHEIN ranked second among Chinese unicorn enterprises with a valuation of $64 billion in 2023. The report also highlighted other e-commerce logistics entities, including SHEIN (2nd), Cainiao Network (6th), SF Express (65th), RRS Supply Chain (159th), ZTO Express (193rd), and Dianxiaomi (273rd).

Source: Great Wall Strategic Consulting

3. Temu Tops the Market Download Charts

Pinduoduo's international version, "Temu," surged to the top of the May Middle East App Store download charts, surpassing the video editing application "CapCut" to become the region's top non-game app download. In May, Temu accumulated over 2.54 million downloads in the Middle East, driven by its 3D visual shopping experience mode tailored for VR glasses, which gained popularity in the region and attracted numerous user downloads. Meanwhile, CapCut maintained its position as the top app on the Google Play download charts, with over 1.61 million downloads in May alone.

Source: DotData

4. Wan Yitong Becomes SHEIN's First Certified Warehouse for Semi-Managed Mode

On June 19th, Wan Yitong became SHEIN's first certified warehouse for the semi-managed mode. Wan Yitong's system is integrated with SHEIN's system and is currently undergoing small-scale gray testing, expected to be fully launched shortly. Wan Yitong sellers can use the platform's synchronization feature to automatically push SHEIN orders.

Source: Wan Yitong

5.Amazon Introduces New Policies

On June 19th, Amazon announced the launch of the Order Savings Plan for seller self-delivery orders, starting June 27th. The requirements for brand eligibility include having a well-established sales account and being the brand owner. The main account can also grant Order Savings Plan permissions to other users. Product qualifications include a stock availability rate of over 90% in the past 28 days, not belonging to restricted product categories, having an average selling price below $200, and being purchasable.

Source: Amazonv

6. Shopee Taiwan Updates Preferred Seller Standards

On June 19th, Shopee Taiwan announced updates to its preferred seller standards, with the new policy taking effect on June 24, 2024. Under the new standards, seller performance in terms of delayed shipping rates from June 17th to June 23rd will be evaluated according to the latest criteria.

Source: Chuhai.com

7. Guangzhou Customs Reports 2.9% Year-on-Year Increase in Cross-Border E-Commerce Retail Export Lists

On June 19th, it was reported that this year, many Chinese cross-border e-commerce platforms adjusted their "618" promotional activities to last for a month, starting from May 20th. Statistics show that from 8:00 PM on May 20th to June 16th, Guangzhou Customs supervised over 52.4 million cross-border e-commerce retail import and export lists, marking a 2.6% year-on-year increase. Among them, the cross-border e-commerce retail import list exceeded 5.97 million tickets, a 0.4% year-on-year increase, with main imports including food, cosmetics, and leather products; the cross-border e-commerce retail export list exceeded 46.45 million tickets, a 2.9% year-on-year increase, with main exports including clothing, plastic products, and leather goods.

Source: China News Network

8. Maersk Announces Increase in FAK Rates for European Lines

On June 19th, Maersk issued a customer notice, announcing an increase in Freight All Kinds (FAK) rates from major ports in Asia to multiple destination ports in Europe, up to a maximum of $9,400 per FEU. This adjustment will officially take effect on July 1st and will remain effective until further notice, but not beyond December 31, 2024. Compared to the previous mid-May North European FAK rates, rates have generally doubled.

Source: Maersk

9. Xiamen Port's Haitian Terminal Adds New RCEP Route

On June 19th, the vessel "Haifeng Rizhao" entered Xiamen Port on the 15th and successfully berthed at Berth No. 16 of the Dongdu Port Area's Haitian Terminal. This marks the maiden voyage of Hai Feng Shipping's CVM2 route from Xiamen Port.

It is understood that the CVM2 route is a star route for Hai Feng Shipping, with calls at: Xiamen - Kota Kinabalu - Mindulu - Qinzhou - Haiphong - Nansha - Shekou - Xiamen, creating the fastest service from Xiamen to East Malaysia (East Malaysia), with Kota Kinabalu reached in just 5 days and Mindulu in 8 days. The route is operated by three vessels and is scheduled to call at Haitian Terminal every Saturday. The export volume of this time is approximately 100 standard containers, including fertilizers, daily necessities, and raw materials.

Source: China Maritime Weekly

10. Maersk Launches Chicago Rockford - China Air Cargo Route

On June 19th, Maersk announced that, as of June 1st, it had temporarily suspended flights from Shenyang, China via Seoul, South Korea to Greenville-Spartanburg International Airport (GSP) and would deploy dedicated Boeing 767-300 freighters to open a new route connecting Chicago-Rockford International Airport (RFD) and Zhengzhou, China. The route will start on Mondays, with three flights per week and refueling in Anchorage, Alaska.

Maersk's transformation into a regular freight airline for the mid-end market will take another step forward in the third quarter, with the company launching its first Boeing 777 freighter.

Source: Cross-border E-commerce Logistics Insights

11. Incheon Airlines Selected as Preferred Bidder for Korean Air Cargo Business

On June 19th, Korean Air announced that it has selected Incheon Airlines, South Korea's only all-cargo airline, as the preferred bidder to purchase Korean Air's cargo business, meeting the conditions for the merger of the two companies set by the European Union. Korean Air stated it will acquire two-thirds of Korean Air's shares for $1.35 billion, a decision made amidst the severe financial difficulties faced by Korean Air at the end of 2020.

The European Commission indicated in February of this year that it would approve Korean Air's acquisition if Korean Air stripped its cargo planes, airport slots, traffic rights, crew members and other employees, as well as customer cargo contracts. Approval from the European Commission is required before the transaction can be completed.

Source: Compiled by Cross-border E-commerce Logistics Bai Xiaosheng

12. China's Trade and Logistics Total Exceeds 12.61 Trillion Yuan in 2023

On June 19th, at the opening of the 2024 China·Langfang International Economic and Trade Fair, the "China Trade and Logistics Development Report (2023)" was released. The report indicates that China's total trade and logistics amounted to 12.61 trillion yuan in 2023, a 5% increase compared to the previous year.

The report highlights six key features in the current development of China's trade and logistics: First, wholesale industry logistics is gradually expanding towards supply chain services. Second, retail industry logistics is accelerating its transformation towards refinement. Third, efforts to address deficiencies in cold chain logistics facilities are accelerating. Fourth, customized logistics services for catering and accommodation industries are rapidly developing. Fifth, import and export logistics maintain resilient growth. Sixth, the standardization level of green logistics continues to improve.

Source: Xinhua News Agency

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Public Account: Cross-border E-commerce Logistics Bai Xiaosheng