CNBC: Chinese yuan to hit record lows as US tariff threat mounts, investment banks forecast
CNBC reports: Chinese authorities are contending with a weakening yuan as global investment banks forecast the ...
Photo: © Ilia Burdun
CNBC reports:
The market did not like what it saw from the final retail holiday sales numbers for 2022 which sets up a tough year for retailers, but e-commerce is continuing to boom, including in areas outside the core retail consumer.
Trucking data shared by DHL with CNBC shows that while the core consumer market has pulled back, in many categories e-commerce sales remain strong.
“E-commerce is continuing to boom,” said Jim Monkmeyer, president of transportation for DHL Supply Chain, North America.
DHL described large growth in e-commerce and the logistics company is investing heavily in that segment.
“I would say the other spaces that are still growing fairly rapidly for us are automotive and high engineering, manufacturing as well as high-end consumer goods and spirits. Food products and life sciences areas are also doing well,” Monkmeyer said…
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