What we know
As Shanghai enters its 6th week of lockdowns with no end in sight, the impact on the supply chain has already reached the global scale. Companies all over the world have felt the disruption.
Automakers, fashion houses, breweries, tech firms, and other 180 companies considered China’s lockdowns key variables affecting their Q1 earnings.
In fact, even Tesla has been forced to slow production nearly to a stop at its Shanghai plant this week because of a lack of subcomponent availability due to the Covid lockdowns according to a Reuters report.
We will keep our eye on this as the uncertainty continues.
Image Credits: Shopify News
Shopify recently bought the logistics company Deliverr for $2.1 billion dollars. This move is the largest acquisition Shopify has made in its history.
The Shopify Fulfillment Network (SFN) and Deliverr have teamed together to simplify supply chains for merchants of all sizes, both on and off Shopify, democratizing access to end-to-end logistics for independent companies.
The company plans to combine Deliverr with its existing fulfillment network. They will also leverage this action to power their Shop Promise guarantee. It is a new service that aims to provide customers with a two-day or next-day delivery.
Shopify seems to have taken this step to compete with Amazon’s Buy with Prime initiative to cater to third-party merchants searching for a faster and more reliable shipping solution.
The Ecommerce war between Amazon and Shopify is intensifying as Shopify is buying its way into the 2-day shipping game to compete against Amazon Prime.
Walmart recently released its earnings report on Tuesday. The numbers fell far short of Wall Street projections as rising gasoline prices and greater inventory levels pressure the nation’s largest retailer.
Specifically, according to CNBC, their e-commerce sales increased by only 1% since last year, and 38% based on two-year progress.
Is this flatness in e-commerce a temporary blip on the radar from Walmart or a sign of more significant slowdowns ahead?
Did you know that Optimization can help scale your Amazon business exponentially?
Yoni Mazor from GETIDA just provided a valuable discussion on Amazon Business Optimization – how you can scale and grow your Amazon business with the right optimization strategies. In this masterclass, Yoni shares how you can start to scale your business by optimizing your 5 Main Business Functions.
You’ll learn:[2:40] Who’s this session for today and why should they watch?
Next month, in Portugal, there will be an in-person international Amazon Barcamp event called Orange Klik Barcamp. This could be a good opportunity for you if you are selling over Amazon and you want to network with and surround yourself with like-minded e-commerce sellers in Europe.
This English-speaking Amazon FBA seller is coming up on June 9-10th in Lisbon, Portugal! 🇵🇹
Organized by Orange Klik and Dragonflip, this Barcamp event will bring together hundreds of like-minded attendees whom you’ll have the chance to network with, address your e-commerce problems, and pitch ideas to fellow sellers.
By attending this “unconference” type of event, you will have a chance to:
✅ Learn from 100+ international sellers in one place
✅ Get only attendee-generated content that solves your biggest issues
✅ Choose the content that you want to learn about the most
✅ Discuss only the most important and hottest topics to help you grow your FBA business
✅ Network, meet new friends and business partners
👉 Limited tickets are available now. First come, first served. https://orangeklik.com/barcamp/
Orange Klik will offer a 50€ discount when you register through this link and use my code: 7FSS
Note to be transparent – I’m an affiliate of Orange Klik and I believe that this is going to be a great event. If you do purchase a ticket I will receive a small commission to help us keep creating the best award-winning content to help you grow your e-commerce business. And it helps pay for my coffee! Thanks!
Registration is now open for the 7 Figure Seller Summit 6 Evergreen! Get ready to discover how 7 and 8 Figure Sellers think, overcome challenges, and strategize ahead of the e-commerce game.
If you missed it the first time, good news! Due to popular demand, we have made 7FSS6 Evergreen. That means you can get a free pass to watch for a limited time right now!
You will learn how to do the following:
We’re excited to have over 30 outstanding entrepreneurs and experts speaking at this eCommerce online event. Enjoy over 30 hours of masterclasses and expert training! You will have 24 hours to view each session for FREE!
However, we believe that every individual, especially business owners, has a timeline and learning curve.
In case you missed it:
Have a great weekend!