Amazon is testing the “Prime Lite” membership service!

YCD NEWS — Amazon is testing a new tier of Prime members in India that will allow users to enjoy more perks like free two-day shipping and ad-supported Prime Video in SD. The new membership tier, called ‘Prime Lite’, is currently offered to select customers at a discounted annual price of $12 (Rs. 999). A …

The volume of USPS packages is on the decline, and only 11.7 billion packages will be received in the 2022 holiday season!

YCD news —— Recently, USPS (United States Postal Service) reported performance indicators for the 2022 holiday season and delivery performance indicators for the first week of the second quarter of fiscal year 2023. USPS said it received 11.7 billion packages and mail between Nov. 26 and Dec. 30, 2022. Unlike previous years, this year the …

FedEx scales back Sunday deliveries again as ecommerce wanes

YCD News—-FedEx expects to halt the service in select areas beginning in mid-March. It will decide next month which markets will be affected. FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering ecommerce demand. The pullback will reduce the availability of Sunday service to “more than …

Amazon faces renewed pressure from UK lawmakers over warehouse conditions

YCD News—-UK lawmakers have called on Amazon to clarify comments made by a senior executive at a recent parliamentary hearing, after an advocacy group accused him of providing “misleading” evidence concerning the company’s treatment of warehouse workers. An Amazon spokesperson told Reuters the company strongly denied the executive – European policy chief Brian Palmer – …

Amazon’s latest layoff plan: About 1,000 employees will be fired in India!

YCD news — Amazon will lay off about 1,000 employees in India as part of its global layoffs. Last week, it was reported that the e-commerce giant will lay off more than 17,000 people worldwide, exceeding the original plan of 10,000. “The decision to cut 18,000 jobs globally will affect about 1,000 employees in India,” …

In 2023, TikTok will become the industry’s first in these two aspects

YCD news–eMarketer’s latest forecast shows that TikTok’s social buyer penetration rate and user usage time are rising rapidly, and are expected to surpass Facebook and Youtub respectively in 2023. Research shows that TikTok’s social buyer penetration in the U.S. is climbing rapidly, now surpassing Pinterest. By the end of 2023, it will beat Instagram and …

Amazon to layoff over 18k employees

YCD News——Chief Executive Officer Andy Jassy announced the move in a memo to staff Wednesday, saying it followed the company’s annual planning process. The cuts, which began last year, were previously expected to affect about 10,000 people. The reduction is concentrated in the firm’s corporate ranks, mostly Amazon’s retail division and human resources functions like …

Amazon won $8 billion in unsecured loans and will go all out to deal with uncertainty!

YCD news — On January 3, Amazon said that it has reached an agreement with a number of lenders that will provide Amazon with $8 billion in unsecured loans. The loan was arranged by TD Securities (USA) LLC and will mature in 364 days (January 3, 2024), with an option to extend for a further …

MSC overtook Maersk for the first time to become the most reliable carrier

According to the latest news from YCD, the schedule reliability of global shipping companies will continue to improve in November 2022, with a month-on-month increase of 4.7% to 56.6%. According to the latest report by Sea-Intelligence , a Danish maritime data analysis company, the average delay rate of ships has also continued to improve since the …