Sourcing Updates from China and India
I had calls with sourcing agents on the ground in China this week and it seems that there are COVID outbreaks happening in parts of China including Ningbo Port. As you know, Chinese New Year is coming up in less than a month so, I recommend you stay vigilant in monitoring your deliveries and also check with your shipping partners to anticipate any delays especially with the port of Ningbo affected by COVID.
India Sourcing updates: According to my conversation with a contact on the ground in Mumbai, India, there has been a tremendous spike in COVID cases recently in the country. As of right now, manufacturing has not yet been affected, but next few days would be critical to see how India can manage the effects of the next waves of the pandemic. If you are sourcing from India, I recommend you proactively contact your suppliers to see how they are doing and to anticipate any delays.
It seems that as of the first week of 2022, one of the key themes of being a successful ecommerce seller is resiliency. This means finding ways to adapt, survive, and thrive in the face of adversity.
Over 500 Amazon packages were found dumped in Oklahoma amidst New Year’s Eve. According to Oklahoma County Sheriff’s Office, the packages were supposed to be delivered on Christmas.
The sheriff’s office added, “Someone had removed the items they wanted and discarded the rest. If you’re missing a package, please don’t call us. We are working with the USPS and have reached out to Amazon, so someone should contact you soon.”
An Amazon spokesperson confirmed that they are closely working with the sheriff’s office to deliver the overdue packages and find the culprit of the cargo theft.
The global pandemic is undeniably one of the factors that skyrocketed eCommerce sales. As more and more consumers prefer online shopping, rather than going to physical stores, the industry is facing a new challenge, a shortage of truck drivers.
American Trucking Association estimates an 80,000 truck driver shortage in the United States. Additionally, about 72 percent of America’s freight transport is dependent on truckers. This just shows how consumers and businesses across the country rely on truckers to deliver products. This issue is not just prevalent in the US, but also in the European Union and China.
Jean-Paul Rodrigue, an expert in transportation, logistics, and freight distribution at Hofstra University said that “The pandemic has opened up Pandora’s box on so many issues.” On top of the disruptions in the global supply chain, truck driver shortage adds up to the delays in transporting products and orders.
As a special gift to you, here are the top 10 Videos we made in 2021. If you’d like to be the first to know once we release a new video, you can subscribe here.
Here are the top 10 videos of 2021 to help you build, scale, and exit your 7 Figure business.
1) How to find a profitable product idea away from the crowds to sell on Amazon FBA and online – 7 Figure Case Study Episode 1 – https://youtu.be/yeEYQitekE0
2) How to Source from Mexico Amazon FBA and Ecommerce Products with Susana Bermudez – https://youtu.be/SI7uv_d8znY
3) 5 Game-Changing Opportunities with Amazon PPC with Ritu Java – https://youtu.be/U1qwcwrvzho
4) How to find the best suppliers on Alibaba in the shortest time possible with Brett Ducker – https://youtu.be/o6Dvr22syFA
5) Sell $30-100K+ in pre-orders before ordering inventory with Vance Lee – https://youtu.be/dNKilTj5AwU
6) How to come up with more Amazon FBA product ideas when you’re STUCK – 7 Figure Case Study Ep 2 – https://youtu.be/d_FmB9flEzY
7) “How I sold over $1.3mil in pre-orders BEFORE spending $1 on inventory” with Vance Lee – https://youtu.be/T-3mO3YozOg
8) Deep Dive Amazon Keyword Research and Creating an optimized Amazon Listing – Karyn Thomas Helium 10 – https://youtu.be/7CgPuxevF48
9) How to research Amazon FBA and Ecommerce product ideas – 7 Figure Case Study Ep 3 – https://youtu.be/q1kOqniulXU
10) Deep Dive into Amazon FBA Product Research: Shortlisting Product Ideas – 7 Figure Case Study Ep 4 – https://youtu.be/XhdHPzw-ql8
Great news, 7-Figure Case Study will be resuming next week, after our holiday break. On next week’s 7FCS Episode 7, we will be seeing the results of contacting suppliers on Alibaba.
Don’t miss any of the 7 Figure Case study episodes by subscribing here.
Stay tuned and talk soon!
In case you missed it:
- Product Compliance made easy with Amazon’s New Manage Your Compliance Dashboard
- New ‘The American Innovation and Choice Online Act’ to ban self-preferencing practices of Ecommerce
- Chinese New Year may disrupt the global supply chain as smaller shippers in China suspend services for the holidays earlier than usual
- 2022 Sourcing Best Practices – 8020 Sourcing x Helium 10 Collaboration
- 7FSS was voted your Favorite Amazon Conference of 2021!