▲ Video account attention: cross-border navigation
The cross-border sales circle has been in turmoil for more than two months, and there is still no sign of calming down. Recently, Huading Shares, the parent company of Tongtuo, issued an announcement that 54 stores under Tongtuo Technology were closed and about 41.43 million yuan of funds were frozen. Although Tongtuo has repeatedly refuted the rumors, Amazon's account ban is like a hurricane passing through the country, and no big seller can escape it wherever it goes.
Another listed major retailer , Cross-Border Link , has recently been embroiled in multiple lawsuits and arbitrations after its subsidiary Global Easybuy became the target of public criticism due to its heavily indebtedness and bitter complaints from suppliers. Cross-border e-commerce is involved in 66 lawsuits It is learned that Cross-border Communication recently issued an announcement on the company's major lawsuits and arbitrations. As of the date of the announcement, Cross-border Communication and its subsidiaries have accumulated 66 new lawsuits, arbitrations, and labor disputes, involving a litigation amount of 477 million yuan, accounting for 39.34% of the company's latest audited net assets.
The announcement showed that the two new lawsuits involving Cross-Border Link were related to financial loan contract disputes and construction project disputes, and the company was ordered to bear litigation amounts of 368 million and 41.92 million yuan respectively. In addition to the above-mentioned litigation matters, the subsidiary Shenzhen Global has 38 undisclosed small litigation and arbitration matters, involving a total amount of 55.1999 million yuan; 25 labor dispute cases, with a total amount of 7.2842 million yuan. The subsidiary Shanxi Baiyuan Pants Co., Ltd. has one undisclosed small litigation matter, involving an amount of 5.1 million yuan. Cross-Border Link stated that the above-mentioned lawsuits and arbitration cases are still under trial, and there is uncertainty about the impact on the company's current or future profits, and the corresponding investment risks have also increased significantly. Not long ago, Cross-Border Link just announced that it had reviewed and approved the proposal to repurchase shares. However, as of July 31, the company had not yet repurchased shares. The main reason was that the original funding source was not in place on schedule, resulting in insufficient funds for repurchase. Although Cross-Border Link has promised to actively take measures such as recovering equity transfer funds and disposing of assets to raise funds, it is now involved in multiple lawsuits and disputes. It is foreseeable that the company's future development will face many obstacles, and the implementation of specific plans is nowhere in sight. Paton issued a notice of suspension of work and waiting for work Cross-border Communication itself is in trouble, and Paton, which was previously sold by Cross-border Communication, is now also in a quagmire. Recently, Paton issued a "Notice of Suspension of Work for Employees in R&D and Technical Positions". The notice stated that Paton is currently experiencing complex environmental changes in the industry and challenges to the survival and development of the company. ▲ The picture comes from the Internet
Since the dramatic changes at the end of April, although the company has alleviated some of the pressure through unremitting efforts, several of its historical main categories such as headphones and wireless charging have been severely impacted, and pressures such as inventory turnover and capital circulation have been difficult to resolve so far. Therefore, the company had to make strategic adjustments and suspend its R&D functions.
Starting from August 6, 2021 , Paton will implement a six-month suspension of work arrangement for employees in R&D and technical positions , ending on February 6, 2022 . Looking back to May, Paton also stated in its official WeChat public account that the company's operations and cash flow remained normal and it was actively promoting account restoration. However, changes in the cross-border circle always come too fast.
▲ The picture comes from the Internet Many sellers who were once successful are now caught up in account suspensions, lawsuits and other turmoil. Their situation is quite difficult, which makes many sellers sigh and worry about themselves. Amazon is sharpening its knife to punish violations, and at the same time, the long-standing logistics problems have become increasingly out of control.
The container shipping market continues to be hot, and sellers are still worried about the shortage of containers Since the beginning of the year, the hot market of container shipping has continued to intensify, and there is no sign of cooling down. Freight price increases have come one after another, coupled with port congestion and shortage of shipping capacity, many sellers are suffering from "container anxiety" that is difficult to resolve.
According to the global container port map released by seapexplorer, as of August 2, a total of 360 ships were stranded in ports around the world, nearly 120 ports reported congestion and other problems, and many ports on all continents were facing the dilemma of operational disruptions. With the arrival of the peak season, the overloaded freight demand has caused an imbalance in the supply and demand of containers at many ports, and the shipping capacity is seriously overdrawn. According to reports, a carrier company quoted a price of up to $32,000 to ship a standard container from Shanghai to Los Angeles. As August approached, the situation became more serious. Many shipping companies joined the price increase team and levied various fees such as port congestion fees and demand surge fees. Starting from August 1, Zim will charge a destination port congestion fee and Hapag-Lloyd will charge a peak season surcharge; Starting from August 5, Matsun Shipping will increase port congestion fees; Starting from August 15, Hapag-Lloyd will charge a value-added surcharge of USD 5,000 per container for US routes; Starting from September 1, MSC will impose congestion fees on the US-Canada line. As the inflation problem in the container shipping market has not been resolved, sellers who have been eagerly awaiting the peak season may be overwhelmed by the heavy logistics burden before they can even enjoy the fruits of a surge in orders. What do you think about this? Feel free to leave a message in the comment area~
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