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What if they gave a shopping festival and no one noticed? JD.com held its 618 festival on Sunday, based on its founding date, seeing 6%-8% growth but no mention of GMV. It operates in the shadow of Alibaba's 11.11 festival, which has seen its own challenges.
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| week of 6/21/23 |
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| Nearshoring Leads to Inbound Boost from Mexico, Canada |
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| Mexico and Canada are seeing an increase in manufacturing and shipping to the U.S. as nearshoring takes hold in the face of uncertainty over trade with China and more businesses adopt a “plus one” strategy regarding the country’s largest trading partner, maintaining their base while diversifying their sourcing strategy. Inbound freight from Mexico outstripped China by 15%, while Canada was 5% higher. |
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| FedEx Sees 10% Revenue Drop, Plans to Consolidate Canada Operations |
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| FedEx reported a 10% drop in Q4 revenue as demand remains challenged and cost-cutting initiatives continue in an effort to boost the balance sheet, including idling more planes, while announcing it is folding Ground operations into Express in Canada, the first step in a much broader consolidation outlined in April. It's a radical departure from the operating model of retired founder Fred Smith. |
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| Prepping for Peak in DTC Fulfillment Calls For a Holistic Approach |
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| Preparing for peak season volumes in DTC fulfillment requires not only cooperation among partners but scheduling stress tests, ensuring sufficient server capacity and nailing down carrier commitments well in advance, attendees were told during a panel discussion at Home Delivery World in Philadelphia. |
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| MyFBAPrep Sees Major Expansion in 3PL Brokering |
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| MyFBAPrep, one of several companies brokering warehouse space and fulfillment services between shippers and 3PLs, has expanded its network from 15 million to 85 million square feet in the past four years to meet demand, increasing coverage in the UK, Germany, Canada and Mexico as well as the U.S. Expansion to Australia is on the company's roadmap as well. |
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| sponsored by |
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| Inventory Management Complexities Are Here to Stay |
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Check out Multichannel Merchant’s latest special report, Inventory Management Gets Trickier As Forces Collide, to stay ahead of inventory management challenges. Read now to hear what analysts are observing and what companies like Burton and Firstleaf are doing to help mitigate inventory management struggles.
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| sponsored by |
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| WineDirect Uses Waveless Tech to Drive Scale |
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Learn how the WineDirect operations team was able to leverage technology to enable the correct order flow and fulfillment across channels, while providing critical scale to meet heightened demand.
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| On the job hunt? |
| See open jobs for ecommerce and marketing. |
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