May 30, 2024
Cross-Border Chronicle | May 30th, 2024 Newsletter
Welcome to the May edition of Cross-Border Chronicle, FlavorCloud’s monthly newsletter update. Check out this wrap-up of the last month’s news updates, events, product updates, and more! We are here to keep you informed.
How Animalhouse Fitness Used FlavorCloud Analytics to Become a Multinational Company
With the launch of fulfillment centers in their fourth country, Animalhouse Fitness has truly become a multinational corporation. Read their story to discover how they made decisions and collaborated with FlavorCloud to drive their expansion and international development.
The sales have always been there, and following our expansion into Canada and the UK, we began to explore opportunities in the Australian market utilizing FlavorCloud data. The data was clear, Australia was our next target. By conducting preliminary research into the Australian market, combined with FlavorCloud data, we pulled the trigger and this year expanded into Australia. FlavorCloud gives us a lot of insight into new markets and allows us to make decisions like this with much more confidence. Camy Raissian, Head of Operations at Animalhouse Fitness
Mexico Tariff Increases
The Mexican government has introduced temporary import tariffs of 5% to 50% on 544 commodities, including various metals, chemicals, cardboard, textiles, clothing, wood & plastic products, footwear, ceramics, musical equipment, furniture, and more.
These tariffs are effective from April 23, 2024, to April 23, 2026, and aim to protect against unfair competition from countries without free trade agreements with Mexico.
Impacts to merchants include the additional fees on the commercial value of in-scope goods being imported into Mexico. This is on top of incumbent duty and VAT charges. FlavorCloud recommends that merchants review Mexican Government’s official gazette of impacted commoditiesto reevaluate your product and shipping costs if you are marketing in Mexico.
FedEx is making changes to their air network
Due to the loss of the USPS contract, FedEx is planning on changes to its air network. While cost-cutting often means fewer available routes and volume, we are not expecting this to affect FlavorCloud merchants.
Fedex will continue to prioritize Express shipments and meet demand. Flavorcloud continually monitors the carrier landscape to provide our clients with a best-in-class carrier network. Flavorcloud’s network of carriers provides built-in protection from potential service impacts related to a single carrier by providing carrier diversification and redundancy.
Product Updates
28% of consumers reported stolen packages in 2023
Shipping anywhere in the world without stress of lost or damaged packages can be a reality for your global shipping plan. It sounds like a dream, but now FlavorCloud is offering an extra layer of protection for your international shipping with insurance that is included in your standard shipping fees.
Market Expansion: Netherlands
FlavorCloud has expanded its carrier network outbound the Netherlands as part of our EU expansion, to offer more guaranteed DDP services with competitive rates and faster final mile delivery. This means you will have expanded services in the area to choose from! The Netherlands offers a robust opportunity for ecommerce sales. In 2022, 13.9 million shoppers in the Netherlands spent over $36 billion on 347 million online purchases. This could be an opportunity for you!
What’s Next:
- New improved export process
- Analytics Dashboard Upgrade
- New look for the FlavorCloud App
Shipping Fact
The concept of shipping insurance is nearly 4000 years old and appears in our oldest law codes. For example, The Code of Hammurabi mentions that a merchant could pay the lender a small fee as “insurance” to cancel the loan should the goods be stolen or lost at sea.
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Hannah Storrs
I am a Senior Content Strategist with a deep passion for writing, I specialize in creating engaging and informative content for both internal and external audiences, focusing primarily on e-commerce and logistics. I develop resources that are not only insightful but also accessible and approachable. My goal is to help people navigate complex topics with ease, providing clear and concise information that empowers them to make informed decisions.
