White House calls on forwarders in its war on illegal fentanyl shipments
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If you ever wanted to fully understand the difference between Walmart and Amazon – which turns out to be vast – you should read this article on recode. Sources told the author Walmart is expecting a $1bn+ loss for its US e-commerce division this year, despite revenue of $21-$22bn. Its jet.com acquisition is said to be struggling and, while Amazon accounts for some 38% of the online retail market in the US, Walmart is on just 4.7%. It’s causing internal problems.
“E-commerce in the US is becoming a “winner take all” industry. Or, at a minimum, a “winner take most” market,” notes the article. And for Walmart – which has 20 fulfilment centres in the US, to Amazon’s 110 – catch-up is a cash issue. But Wall Street is favouring the e-tailer.
Well worth a read.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
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Comment on this article
Russ Wood
July 04, 2019 at 8:11 am1 Billion loss is ok.. as long as it’s Uber 🙂