February SME Shipping and Courier Newsletter

Hello again!

Here we'll explore some headlines from this month, upcoming issues to think about and details of our article exploring the possible impact of the King's Coronation this summer on retail.

 

InXpress shares recent findings from independent market research

 

"The global economy looks to have turned a corner at the start of 2023, with recent data coming in better than expected while business surveys in January have shown a clear improvement.

 

The UK avoided a ‘technical recession’ in the second half of last year, albeit only by the narrowest of margins;  meanwhile HSBC expects the Bank of England to raise interest rates one last time in March, taking UK Bank Rate to 4.25%."

How will this impact you? Let us know on our socials!

 

E-commerce still struggling - Signifyd data

 

The last few years have required a significant shift for retailers, with many having to diversify online. You may have had to navigate new shipping challenges as a result of Brexit also.

 

Some good news for us Brits however, as Signifyd reported "Interestingly, UK sales cushioned the blow for online sales in Europe overall, growing throughout 2022, including finishing up August nearly 58% above the same month in 2021. "

 

You can see the full report on their website www.brand.signifyd.com

 

Gearing up for the Coronation?

 

The extra bank holiday, general good spirit and a willingness of the UK to get behind the crown could all add up to some big spending in spring 2023, which is much needed after a gloomy Christmas. It’s a new opportunity for retailers both on and offline – the importing industry is already seeing traffic for merchandise and goods due to be sold to consumers in the coming months. Many e-commerce shops already have items ready to buy online...

Read our FULL ARTICLE article on Linkedin.

 

Thanks for reading! 

Let us know if you have any questions, or would like a quote for your next shipment.

 

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