De minimis cut won't hurt demand for Chinese ecommerce, but for air cargo?
While most companies are professing ‘uncertainty’ over the potential impact of the closure of the ...
© Sener Dagasan
By Ian Putzger
After rapid expansion following lavish investment, ultra-fast delivery services are shifting into reverse to stop haemorrhaging losses.
The latest setback came last weekend, when Gorillas closed its warehouses in Belgium and handed over part of its business to local player efarmz – this marked the latest step in the Berlin-based delivery company’s retrenchment.
And, according to Spanish media, the company is planning to pull out of the Iberian market, which it had entered only 11 months earlier.
Gorillas said at the end of ...
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