Labor Day sales are sluggish again! The unemployment assistance program has ended, and nearly 9 million Americans are "poor"?

Labor Day sales are sluggish again! The unemployment assistance program has ended, and nearly 9 million Americans are "poor"?
On the first Monday of September, Americans celebrated Labor Day and had a relaxing holiday. At the same time, sellers were hit hard by the low order volume when they opened the backend.

 
Mondays used to have relatively good sales, but today's sales were not up to par, and many sellers said they were "disappointed". However, some sellers said that they had not been able to get as many orders as they wanted since last week, and now they can use the excuse of Labor Day in the United States to shirk the blame.
 
The picture comes from Weibo
Looking back at last week, the frequent cuts in storage capacity and the severe logistics situation have made sellers anxious and trapped in the dilemma of stocking and shipping. The current sluggish start of sales has added fuel to the fire.
 
According to foreign media reports, the purchasing power of American consumers continued to be sluggish in August, and online sales fell 3.1% from the previous month. The peak of online shopping last year is no longer there. A study by the University of Michigan showed that American consumer confidence has fallen to its lowest level in a decade.
 
 
The recurrence of the epidemic and inflation have continued to frustrate the willingness of American consumers to consume, and sellers' sales have also been affected. In addition, the US unemployment assistance program has also ended, which means that millions of Americans will lose their relief funds.
 
Unemployment assistance program terminated, nearly 9 million Americans affected!



In March last year, the U.S. Congress passed the Cares Act, which increased unemployment benefits by $600 per week and expanded the safety net for unemployed Americans to cope with the impact of the economic downturn caused by the epidemic.
 
The picture comes from the Internet
Congress has since extended unemployment benefits twice, increased the number of people eligible for benefits, and raised the amount of benefits as well as the number of people receiving them each week.
 
However, the relief bill was not extended for a third time. The Century Foundation estimates that once the relief bill ends, about 9 million people will lose these benefits before Labor Day on September 6, and about 3 million people will see their weekly benefits reduced.
 
 
Without benefits, the average person would receive about $321 per week, according to the U.S. Department of Labor, or just 38% of their pre-unemployment wages.
 
Previously, the American style of "giving money when in doubt" also greatly stimulated the consumption desire of Americans, allowing sellers to briefly enjoy the joy of booming orders. However, as the trend of the epidemic is not optimistic, many industry insiders are worried about whether the termination of the rescue plan can promote the increase of employment rate and help economic recovery.
 
However, for sellers, it is not all bad news recently. my country's "14th Five-Year Plan for E-Commerce Development" is about to be released, listing the development of cross-border e-commerce and overseas warehouses as key tasks.

The "14th Five-Year Plan for E-Commerce Development" will be released, focusing on supporting cross-border e-commerce



It is learned that since the outbreak of the epidemic last year, traditional trade has been hit, but cross-border e-commerce has been able to go against the tide. Data shows that in 2020, the scale of cross-border e-commerce imports and exports reached 1.69 trillion yuan, a year-on-year increase of 31.1%; the number of overseas warehouses was 1,800, with an area of ​​12 million square meters, an increase of 80%.
 
Cross-border navigation has grown nearly tenfold in five years, and cross-border e-commerce will enter a period of rapid development! ##跨跨头条#跨跨电商视频号
Video account attention: cross-border navigation

Nowadays, while the scale of cross-border e-commerce is expanding rapidly, it is also promoting the high-quality development of my country's foreign trade.
 
Recently, at the 2021 China E-Commerce Conference, the Ministry of Commerce announced that the "14th Five-Year Plan for E-Commerce Development" will be officially released in the near future, and the development of cross-border e-commerce and overseas warehouses has been listed as one of the key tasks.
 
The picture comes from the Internet

Ren Hongbin, Vice Minister of Commerce, said that the scale of cross-border e-commerce in the country has increased nearly tenfold in five years, which has promoted the high-quality development of trade, cultivated new advantages in participating in international economic cooperation and competition, and has become a new driving force for foreign trade development, a new channel for transformation and upgrading, and a new tool for high-quality development.
 
It is learned that in the first half of 2021, there were 29 financing events in China's cross-border e-commerce, a year-on-year increase of 222%; the total financing amount was 7.81 billion yuan, a year-on-year increase of 324%.
 
At a time when the real economy was hit by the epidemic, cross-border e-commerce grew against the trend. In 2020, the proportion of cross-border e-commerce transactions in total imports and exports increased to 39%. With its huge development potential, its position in the overall trade structure is becoming increasingly prominent.
 
 
At the conference, Wang Xin, president of the Shenzhen Cross-border E-commerce Association, said that Chinese sellers should accelerate the process of building a comprehensive website, such as opening stores on overseas platforms such as AliExpress and eBay, or building independent websites and laying out overseas offline channels. In the long run, with the arrival of more certain opportunities, capital will continue to maintain high enthusiasm for cross-border e-commerce and its various segments.
 
It can be seen that cross-border e-commerce, as an important growth point of my country's foreign trade, has been highly valued and policy-oriented by the government, and has become a key support target. Under this circumstance, new development opportunities will also be ushered in in the future, which is also a major turning point for sellers.
 
What do you think about this? Feel free to leave a message in the comment area~


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