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RCEP will officially come into force on January 1, 2022, and then it will be more conducive to the vigorous development of cross-border e-commerce industry: according to the data of the General Administration of customs, China's import and export to ASEAN reached 4.08 trillion yuan in the first three quarters of 2021, an increase of 21.1%, accounting for 14.4% of China's total foreign trade. ASEAN will continue to maintain China's largest trading partner. In addition, in the first three quarters of 2021, China's import and export to 14 other RCEP member countries amounted to 8.81 trillion yuan, an increase of 19.3%, accounting for 31.1% of China's total foreign trade. In the first three quarters, the import and export of cross-border e-commerce increased by 20.1% year-on-year, and the export of market procurement increased by 37.7% year-on-year.

There is a separate chapter on e-commerce in the RCEP agreement. After its entry into force, it will benefit cross-border e-commerce in terms of tariff reduction and exemption, improving logistics efficiency and reducing compliance risk. In addition, a number of heavy domestic policies, including the "14th five year plan" e-commerce development plan issued by the Ministry of Commerce, the central network information office and the national development and Reform Commission, clearly support the high-level development of cross-border e-commerce and cultivate leading enterprises, Or more support will be given in terms of policy / resource allocation; In the early stage, the development plan for the utilization of foreign capital during the 14th Five Year Plan period and the guiding opinions on strengthening the standardization construction in the business field during the 14th Five Year Plan period were implemented. Strengthening the policy will create a good environment for the development of cross-border e-commerce.

"In the context of favorable weather, location and people, cross-border e-commerce is expected to usher in an accelerated development period."

It is suggested that hardware home DIY enterprises pay close attention to the development trends of the following international cross-border e-commerce platforms and seize opportunities in time.

Www.arhaus.com01 high end home hardware DIY retailer arhaus landed on NASDAQ with a market value of about US $1.8 billion. American high-end home retailer arhaus was successfully listed on NASDAQ on the evening of November 4, Beijing time. Founded in 1986 and headquartered in Boston Heights, Ohio, USA, archaus is a U.S. retail chain that designs and sells home furnishings online through its retail stores and catalogs. The company has opened 75 retail stores and design centers in the United States, and its interior designer team can provide guests with free interior design services. In addition to the physical display store and design center with an average area of 17000 square feet, arhaus also has direct access to users through e-commerce platform, which is also the fastest-growing channel of arhaus.

www.wayfair.com

02 WAYFAIR's revenue fell 18.7% in the third quarter

WAYFAIR, the largest home e-commerce shopping platform in the United States, had a sales revenue of US $3.1 billion in the third quarter of this year, a year-on-year decrease of 18.7%; Gross profit was $882.7 million, accounting for 28.3% of quarterly revenue. WAYFAIR's net loss for the quarter was $78 million. In addition, in the third quarter, the number of active customers of the platform reached 29.2 million, a year-on-year increase of 1.5%. In the third quarter of 2021, the repeat customers of the platform accounted for 76.3% of the total orders, with a year-on-year increase of 4.4%. WAYFAIR said the average order value for the quarter was $283, up from $243 in the same period last year.

"With the reopening of all parts of the United States after the epidemic, consumers naturally shifted part of their spending to tourism and entertainment, and shopping locations shifted from online e-commerce platforms to offline physical stores. There is still room for growth in consumer demand in the U.S. home market, but WAYFAIR's online business is expected to take several quarters to return to normal income levels." CEO Niraj Shah, co-founder and co chairman, mentioned. In addition, he added: "We pay more attention to the possible growth trend of home business after the epidemic, and are ready to take corresponding actions from now on. Even if WAYFAIR currently encounters macroeconomic challenges such as international supply chain congestion and inflation, it will not hinder WAYFAIR from focusing on long-term development plans. WAYFAIR focuses on long-term growth and profitability rather than a single quarter, and hopes to continue to improve Solid platform as the leading industry position of home e-commerce. "

Www.bedbathandbeyond.co.nz03 Bed Bath & Beyond has launched online cooperation and in store pilot program with supermarket giant Kroger