According to Reuters, the volume of container imports to the U.S. took a sharp decline in August and September 2022.
Article summary:
Historically, 25% of imported goods were packed and transported in large shipping containers as opposed to smaller shipments. Container-sized shipments surged nearly 40% during the pandemic, as consumers replaced spend on experiences with binge shopping.
The surge clogged ports, caused delays and further fueled consumer demand and price increases.
With a lot of those large shipments finally processed at the ports, large U.S. retailers are faced with an excess of goods and a reduced appetite to re-order in the short term.
Fintech Times - Koverly Adds BNPL Feature to Roster of Payment Services for US Businesses
During a tough economic climate, the need for flexible payments is paramount. In light of this, Koverly, a B2B paytech, has launched a new buy now, pay later, (BNPL) function.
fs-News
Sep 19, 2023
Fintech Finance - Koverly Launches “Pay in 30” Enabling Businesses to Defer FX Payments for 30 Days at No Cost to Buyer or Seller
The first payment platform that combines foreign currency and B2B cashflow management designed for international business trade...
fs-
News
Sep 19, 2023
The Paypers - Koverly introduces a B2B Buy Now, Pay Later platform
US-based startup Koverly has introduced a B2B Buy Now, Pay Later platform to allow businesses to defer FX payments for 30 days.
fs-News
News
Sep 19, 2023
Finextra - Koverly releases 'Pay in 30' for deferred foreign exchange payments
Koverly introduces the only buy now, pay later (BNPL) solution to give a 30-day extension on FX payments at no cost to the buyer or seller.
fs-News
News
Sep 13, 2023
PYMNTs - Koverly Launches B2B BNPL Platform for International Trade
The standout feature of the new KoverlyPay is the introduction of a 30-day extension on FX payments at no cost to either the buyer or seller.
fs-News
News
Sep 12, 2023
AXIOS - Koverly raises $7.6 million for B2B BNPL
fs-News
Updates
Sep 12, 2023
Koverly Announces Approval Management Features
Stay on top of who does what with Koverly's new Approval Management feature
fs-Updates
News
Aug 24, 2023
Koverly launches "Pay in 30"
Koverly Launches "Pay in 30" Enabling Businesses to Defer FX Payments for 30 Days at No Cost to Buyer or Seller
fs-News
Views
Jan 12, 2023
Beverage alcohol importers brace to pay more tax upfront
Wine, beer and spirits importers take a big hit to cash flow in 2023 as CBMA excise tax changes go into effect.
fs-Views
News
Sep 8, 2022
Elenteny and Koverly Partnership
Elenteny Imports and Koverly announce a partnership to bring best in market foreign exchange rates to importers of wine, spirits, beer and cider.
fs-News
Views
Sep 5, 2022
Ready for Take-off: Smart Credit for SMB Growth
Ready for Take-off: Options for SMBs to keep growth mode going
fs-Views
Updates
Sep 5, 2022
Koverly Announces Scheduled FX Payments
Koverly global customers can lock in FX rates today for future bills.
fs-Updates
News
Sep 5, 2022
Container-sized Imports Deflate
Reuters reports the volume of container imports to the U.S. took a sharp decline in August and September 2022
fs-News
Ready to get started?
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Welcome!
Tell us a little about you
Thank you! Your submission has been received!
error
We use cookies to recognize you, remember your preferences and tailor your use of our website. Information provided by cookies can help us analyze your use of our website and provide you with a better user experience. Learn more
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
