Retailers

Online Marketplaces, Retailers Must Adapt To Higher Postal Rates

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Retailers, direct-to-consumer brands, marketplaces and marketplace sellers riding the lockdown-induced boom in cross-border e-commerce sales are going to get a massive wake-up call Wednesday as global postal rates into the U.S. start to soar as much as 150% or more.

The Universal Postal Union’s (UPU) decision to allow the U.S. to set its own inbound postage rates — and, in doing so, create a more even playing field for international postal rates which have been intrinsically locked in the past — is a turning point for a cross-border market forecast to rise to $627 billion by 2022, or 20% of e-commerce as a whole.   

For the Trump administration, the UPU’s stand-down is a triumph that ends a market distortion. China’s UPU status as a “developing” country meant it

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NYC’s Phase Two Sees Retailers Crawling Back

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Tepid at best and hardly surprising.

That’s the consensus from retail executives on how stores fared during week one of New York City’s phase two of restarting its economy.

The slow turnout to shopping inside stores was expected given the ongoing fears of COVID-19 and the resulting exodus of many city dwellers to the suburbs and upstate for less dense surroundings and open areas. The lack of tourism since mid-March and last weekend’s heat — peaking at 90 degrees with humidity — further contributed to the limited business.

In several cases, retailers appeared stuck in phase one. That allowed for curbside and instore pickups beginning June 8, and manufacturing, wholesale trade, agriculture, landscaping, and construction were allowed to resume. Two weeks later, on June 22, phase two green-lighted in-store shopping as well as outdoor dining, and the reopenings of barber shops, hair salons

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