Blog > Marketplace News > Shopee Adjusts the Turnover Days and Storage Fees of Overseas Warehouses in Malaysia and Singapore
Shopee Adjusts the Turnover Days and Storage Fees of Overseas Warehouses in Malaysia and Singapore
Jayson 29 Jul 2024 11:58
According to Shopee, in order to continue to provide high-quality services to sellers, the maximum inventory turnover days and storage fees of Shopee's overseas warehouses in Singapore and Malaysia will be adjusted as follows on August 8, 2024 (local time) and September 1, 2024 (local time), respectively.
1. Notice of adjustment of inventory turnover days of Shopee's overseas warehouses in Singapore and Malaysia
Starting from August 8, 2024 (local time), the maximum inventory turnover days of Shopee's overseas warehouses in Singapore and Malaysia will be adjusted from 90 days to 50 days.
If the inventory turnover days of the product are exceeded, the seller may be rejected when submitting a new warehousing application for the product.
For products with high turnover days, sellers are requested to submit warehousing applications prudently.
For products on or before August 7, you can apply for 90 days of inventory warehousing; on or after August 8, you can only apply for inventory warehousing sufficient for 50 days of sales.
【Specific calculation formula】
Inventory turnover days = (existing inventory in overseas warehouse + inventory in transit (i.e., the number of items that have been reviewed and not cancelled) + the number of items applied for this time) / sales speed
The number of items that can be applied for this time = 50 days * sales speed - existing inventory in overseas warehouse - inventory in transit (i.e., the number of items that have been reviewed and not cancelled)
2. Notice on adjustment of storage fees for overseas warehouses in Shopee Singapore and Malaysia
In order to continue to provide sellers with high-quality services, Shopee Singapore and Malaysia overseas warehouses will make the following adjustments to storage fees starting from September 1, 2024 (local time):
For products with a storage period of 61-90 days, the storage fees will be adjusted as follows starting from September 1, 2024. Sellers are requested to promptly handle products in stock that are about to exceed or have exceeded 60 days, including setting up discount activities, actively participating in platform promotions, and applying for return of inventory.
1. Notice of adjustment of inventory turnover days of Shopee's overseas warehouses in Singapore and Malaysia
Starting from August 8, 2024 (local time), the maximum inventory turnover days of Shopee's overseas warehouses in Singapore and Malaysia will be adjusted from 90 days to 50 days.
If the inventory turnover days of the product are exceeded, the seller may be rejected when submitting a new warehousing application for the product.
For products with high turnover days, sellers are requested to submit warehousing applications prudently.
For products on or before August 7, you can apply for 90 days of inventory warehousing; on or after August 8, you can only apply for inventory warehousing sufficient for 50 days of sales.
【Specific calculation formula】
Inventory turnover days = (existing inventory in overseas warehouse + inventory in transit (i.e., the number of items that have been reviewed and not cancelled) + the number of items applied for this time) / sales speed
The number of items that can be applied for this time = 50 days * sales speed - existing inventory in overseas warehouse - inventory in transit (i.e., the number of items that have been reviewed and not cancelled)
2. Notice on adjustment of storage fees for overseas warehouses in Shopee Singapore and Malaysia
In order to continue to provide sellers with high-quality services, Shopee Singapore and Malaysia overseas warehouses will make the following adjustments to storage fees starting from September 1, 2024 (local time):
For products with a storage period of 61-90 days, the storage fees will be adjusted as follows starting from September 1, 2024. Sellers are requested to promptly handle products in stock that are about to exceed or have exceeded 60 days, including setting up discount activities, actively participating in platform promotions, and applying for return of inventory.
