RMB Exchange Rate Fell Nearly 2% Of Cross-Border Electricity Providers Are Facing Challenges

The RMB exchange rate continued to fall by nearly 2%, and the cross-border electricity suppliers of imports were facing the pressure of rising costs and so on.

Among them, the mode of self run + bonded zone is the most pressing mode.

Enterprises say,

It is a double-edged sword, and the ultimate competition is the risk control ability of the enterprise itself.

Some businesses raise prices

Continued to fall, small and medium overseas purchasing businesses complain incessantly.

A seller who sells German milk powder on WeChat's friends circle told reporters that the cost of buying on behalf of the company has increased sharply due to the downward adjustment of the RMB exchange rate, and plans to raise commodity prices.

Take a can of German "love PRE" milk powder as an example, the original purchase is 288 yuan / cans, merchants will adjust to 305 yuan / tank, the price is more than 5%.

Another purchasing agent

Businessmen said that the impact is very great. "Clothing purchasing profits are thin, and the exchange rate will be lowered without further price increase.

It is understood that in August 11th, the central bank lowered the central parity of RMB against the US dollar to 6.2298, down 1136 basis points from the previous trading day, or nearly 2%, which is the largest single day depreciation of the renminbi since 1994.

Subsequently, the RMB on the shore dropped against the US dollar.

In August 24th, the offshore RMB exchange rate closed at 6.4044, the lowest in four years.

Self run influence

It is understood that cross-border electricity suppliers mainly have two types of proprietary and platform modes, which are classified as bonded warehouse delivery and overseas direct mail.

The relevant person in charge of the cross docking platform, told the Beijing Commercial Daily, that the import industry involved in the exchange rate settlement is bound to be affected. However, due to the different effects of different business models, the general import and export mode of bonded imports of general trade import and domestic bonded warehouses will be greatly influenced by the exchange rate changes due to the large quantity of goods needed to be stocked and stocked, and the gross profit of businesses or platforms will be changed.

Compared with the platform mode, the "self operated mode" cross-border electricity supplier should bear greater risks of treasury and inventory and exchange rate fluctuations.

Xu Jun, global buyer of C2C, a buyer of cross-border electric business platform, said that the exchange rate reduction is beneficial to exports for a period of time, but in the long run it will be imported.

Without threat, cross-border electricity providers in the C2C mode may be less affected in the procurement mode and commodity category.

"We do not need to buy large quantities of exploded goods as well as the cost of warehousing and the opportunity cost of target products, just like proprietary platforms. C2C mode can have more products that are more abundant and have more price advantages."

Family planning

{page_break}

To deal with exchange rate fluctuations, all electronic business platforms will be integrated.

Cross border electricity supplier in full self run + bonded area delivery mode

It is generally acknowledged that it is more affected.

In this regard, honey bud relevant person in charge told the Beijing Commercial Daily reporter that the business involves many countries such as the United States, Japan, Korea and other countries, and targeted exchange rate hedging with financial products, so that the impact will be minimized.

At the same time, exchange rate change is a double-edged sword. The risk of overseas direct mail and bonded import is the same. The difference is reflected in the risk control ability of each platform itself.

Some analysts believe that the RMB exchange rate reduction will have a major impact on the main business of milk powder, diapers, cosmetics and other standard products.

Honey bud said that in the bonded import mode steadily increasing the standard business, and is also growing rapidly, sales of non-standard products accounted for.

Another self operated cross border e-commerce platform koala sea related responsible person has previously publicly stated that NetEase has a larger foreign exchange reserve, and NetEase koala purchase depends on these foreign exchange reserves to purchase. The depreciation of the renminbi will not increase the purchasing cost, and the platform will not adjust the price of the goods sold.