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It is learned that recently, according to foreign media reports, due to the sharp drop in Amazon's stock price this year, the total salary of Amazon employees will also drop significantly, and the salary of some employees in 2023 will even be 50% lower than previously expected. It is reported that Amazon employees' remuneration mostly consists of wages and equity dividends. This model has a good incentive effect on employees, but it is usually accompanied by some risks. Employee remuneration will change with stock price fluctuations. In the current state of highly uncertain global economy, not only Amazon, as an industry unicorn, is unable to remain immune, but cross-border practitioners whose profits are squeezed by various costs are also struggling. Due to a sharp drop in order volume, some employees of Dongguan suppliers have taken a long vacation! It is learned that on February 20, a well-known consumer electronics export supplier in Dongguan issued a holiday notice. The notice stated that due to the impact of the overall environment, the company's order volume has dropped sharply , and the company's production and human resources need to be integrated. Combined with the company's current actual production situation, the company has decided to arrange a part of the staff to take a holiday from February 21 to May 20, 2023. If the holiday needs to be extended in the future, it will be notified separately. According to the notice, regarding employee salaries, the supplier will pay full salary (including performance and related subsidies) in the first month of the holiday, and from the second month onwards, it will pay living expenses at 80% of the basic salary standard agreed in the "Employment Contract" until the end of the holiday. Compared with the big seller who also took a long holiday but paid employees 80% of the local minimum wage, the salary payment strategy adopted by this supplier is obviously more reasonable. However, for these employees, it is still a surprise rather than a joy. It is learned that the supplier was listed on the Shenzhen Stock Exchange in 2017. Its main business is the production and sales of precision molds and precision structural parts, with 9,000 employees. In January 2021, there were even reports that it had become a core supplier for companies such as Samsung, Huawei, and TCL. However, according to the 2022 performance forecast released by the supplier: the net loss attributable to shareholders of the listed company in 2022 is expected to be as high as approximately 65 million to 90 million yuan. It can be seen that due to the continued sluggish macroeconomic environment, the consumer electronics industry has been hit hard, the overall market demand has been weak, and the shipment volume of smartphone terminals has declined, and the company's operations have been greatly affected. On February 22, the company's employees also responded to the notice of employee holidays: the company did adjust some production lines and implemented holidays for some employees. This was mainly because the number of orders in the first two months was slightly lower than in previous years. Overall, the first quarter was a low season and the overall order volume decreased. As of now, the specific departments to which some of the employees involved in the above holiday notice belong and their number have not been made public. However, once the notice was released, it caused a stir in the cross-border circle: “Another factory in Dongguan is having a long holiday?” "If this is the case for listed companies, it is even more difficult for small and medium-sized enterprises." "The number of foreign trade orders has decreased, and many people have lost their jobs..." Judging from the reactions of cross-border people, as of the first quarter of 2023, the prospects for China's electronic product exports seem to remain bleak due to factors such as inflation suppressing demand and the diversification of supply chains. Export outlook bleak? A turnaround may come in the second half of the year!
It is learned that since last year, affected by the external environment of continued global economic downturn and high inflation, many cross-border companies have announced long holidays due to declining order volumes, and even several cross-border factories have announced suspension of work and production. As of 2023, these multiple unfavorable factors have not yet been resolved as the global economic environment remains highly uncertain. Information from Taipei-based third-party logistics provider Dimerco Express Group shows that the export market has been sluggish in February due to weak demand, and most factories only resumed work last week after the Lunar New Year holiday. According to feedback from multiple sellers, the order volume in the first two months of 2023 has continued to be cold: "I can't believe there are so few orders. I raised the bid and budget, but I spent the budget and got no orders. I am so sad." "Orders have been cut in half, and there are not many orders on Valentine's Day..." ▲ The picture comes from the seller communication group Recently, a number of investment institutions announced their outlook on the global trade situation in 2023, which also showed that due to inflation suppressing demand and the diversification of supply chains, China's export prospects in 2023 are relatively bleak and oversupply will continue. The report released by Allianz Trade pointed out that global trade deteriorated in the second half of last year after a resilient performance in the first half of 2022. Amid persistent inflation, reduced global demand will continue throughout the year, and trade growth will remain moderate. A Goldman Sachs outlook report also said that China's export growth rate this year is estimated to remain in the "low single digits" as the global economy is still shifting to the service industry rather than commodity trade to some extent. However, this outlook report also mentioned that by the second half of this year, demand for products in some categories may pick up. Under the turbulent global economic environment, the cross-border industry is undoubtedly facing many problems such as reduced orders and rising costs. However, as the industry continues to develop, the overall market volume is still expanding, and if demand can pick up, sellers in related categories may usher in a turnaround in orders. The top priority is to seek change in stability and accumulate advantages. What do you think of this? Welcome to discuss in the comments section~
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