Disrupted supply chains challenged Singles Day sales
November 11, 2021
This year’s Singles Day probably could have been better. Merchants selling to consumers in China and elsewhere have been hampered by disruptions in the supply chain tied to the effects of the pandemic. Rising prices also presented a challenge and retailers may have had to sacrifice some profit margin in an order to drive sales.
Recent News
TikTok Suspends TikTok Lite Rewards Program in the EU
A TikTok service offering rewards such as gift vouchers for watching videos has been suspended by the social media site.
FCC Votes To Restore Net Neutrality Rules
The Federal Communications Commission (FCC) voted 3-2 on Thursday to reinstate net neutrality rules that were rolled back during the Trump administration.
Blackstone To Buy Tropical Smoothie Cafe
Alternative asset manager Blackstone is set to buy the restaurant chain Tropical Smoothie Cafe.
Ford’s Total EV Sales Post $1.3 Billion Loss in Q1
Ford’s EV division, known as Model e, faced a tough start to 2024.