There were two billion parcels under this limit arriving in 2023 in Europe, which put a huge strain on customs. As reported by Financial Times, the EU is set to impose customs duties on low-cost goods from Chinese online retailers like Temu, SHEIN, and AliExpress, scrapping the €150 duty-free threshold. I guess it’s just a matter of time before we see this coming to the US.
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I am not a logistics expert, but logistics and 3PL are very important to GeekSeller and our customers. We have integrations and relationships with various logistics companies. Recently, I came across a post on Reddit that inspired me to dig deeper into the topic. According to the post, as voted by Redditors, the fastest growing area in logistics is the final mile.
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The U.S. Customs and Border Protection (CBP) is intensifying efforts to crack down on small package imports, which is a key issue for many marketplaces like Amazon, Walmart,eBay, and Etsy. CBP has suspended some brokers for non-compliance as part of these efforts to enhance enforcement. This enforcement might suggest that the government will take even more steps soon.
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Post-Brexit, UK retail sales to the EU have dropped by £6bn, with non-food retail exports falling 18% since 2019. Despite booming European e-commerce, UK brands face increased logistics costs and trade barriers.
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On April 23, 2024, the FTC issued a new rule banning noncompete agreements nationwide to boost competition, allowing workers more freedom to change jobs or start new businesses.
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Did you know the ‘de minimis loophole’ is an almost 100-year-old rule initially meant for travelers bringing home small souvenirs? While it’s a global rule, it has notably boosted Chinese e-commerce, allowing a flood of inexpensive products to enter the U.S. with minimal customs scrutiny.
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Remember the IRS’s pause on the new $600 threshold for #1099K tax forms? Well, it’s just a band-aid. We’re at risk of reverting to a policy that could burden American online sellers without a permanent fix. Imagine getting tax forms for selling a few old garage items – yes, even if you don’t owe any tax! eBay is asking for your help to push Congress for a change.
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Recently, Gmail and Yahoo have introduced new requirements for email senders, which will come into effect in February 2024. These changes are set to significantly impact online sellers, especially those who manage their own websites and regularly communicate with buyers via email.
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For retailers planning for 2024, here’s a crucial insight from a recent Forrester survey: customers value free shipping more than same-day delivery. This finding suggests a shift in focus for online retail strategies. Instead of investing heavily in fast delivery, offering free shipping could be a smarter move. It’s a simple yet effective change that aligns with what consumers want, potentially reshaping retail logistics in the year ahead.
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