Walmart passed a critical inflection point in 2020 and doubled its size in one year, reaching 100,000 third-party sellers.
According to Marketplace Pulse “Having reached 50,000 sellers in July 2020, the marketplace is now adding close to 5,000 new sellers monthly. Like on other marketplaces, many of those never become active – 35,000 out of 100,000 sellers currently have products listed for sale. Nevertheless, Walmart is growing the number of active sellers faster than sellers are churning.”
For the first time ever, it was reported that Walmart surpasses eBay as the second-largest ecommerce retailer in the U.S. behind Amazon.
In March, they expanded the marketplace and removed the US-only limitation and in JULY, 15% of the new sellers are from China.
Walmart is pushing to use its Walmart Fulfillment Services (WFS) warehouse service and the numbers of sellers using the two-day shipping are going fast, which appears to be racing to turn more if its selection to be Walmart+ compatible, a membership currently built around groceries and expanding considerably faster than the number of shoppers on Walmart which increases the role of advertising to out-rank others in search results.
Amazon India on Thursday announced the expansion of its fulfillment network in India, with 10 new Fulfillment Centres and the expansion of seven existing buildings.
According to Business Standard “E-commerce giant Amazon India announced its plans to expand its fulfillment network in India, with a nearly 40 percent increase in its storage capacity over the last year. With this expansion, Amazon.in will have more than 43 million cubic feet of storage capacity, across 15 States, supporting around 850,000 sellers across India.”
With this expansion, Amazon India will have more than 60 FCs in 15 states, with a total storage capacity of over 32 million cubic feet. The new additions include the specialized network of FCs for large appliances and furniture categories and receive centers.
With the expanded network of more than 60 fulfillment centers, we look forward to creating thousands of job opportunities with competitive pay,” said Akhil Saxena, VP, Customer Fulfilment Operations, APAC, MENA & LATAM, Amazon India.
All new fulfillment centers will be operational before the festive season.
See this 12min video to learn the exact causes of the high shipping rates, what is happening in the ports, and who the real winner from this shipping crisis is! CNBC did a great job on this short video about how MAERSK, a large shipping company, is navigating through this crisis.
It’s valuable to learn from the shippers’ perspective to understand this issue.
YouTube video link: https://www.youtube.com/watch?v=9-IEcZOa4rg
As competition is increasing. One of the best ways to differentiate your business is by building a brand period and I don’t mean just theoretical mumbo jumbo. I mean, building a unique customer and brand avatar that will make it a valuable asset you can sell later.
That’s why I invited Ben Leonard, whose a seven-figure amazon seller who successfully exited his brand Beast Gear recently. Ben currently is co-founder of Ecom Brokers and he’s helping other sellers do the same.
You will learn:
Here are some things you may have missed from last week:
7 Figure Seller Summit waitlist is finally open! You can reserve you can sign up to be the first to know once we open our doors. This is the pre-event survey: 7FSS5 Pre-event Survey
Have a great day!