Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
© Sergey Ishkov
Shopify’s latest quarterly results beat analysts’ projections for revenue and earnings, but that could not keep the Canada-based e-commerce giant’s stock from slumping.
It dropped 16% on the day the results were released, pushed down by predictions of slower revenue growth and an outlay of $1bn on fulfilment.
Shopify’s revenue in Q4 21 climbed 41% to $1.38bn, easily beating analysts’ expectations, but investors did not like management’s outlook, which forecasts revenue growth to slow, albeit still remaining ahead of e-commerce growth overall.
Nor ...
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