7 Figure Seller Summit Blog

Why should I attend? Want to sell into the 4th largest Amazon marketplace that virtually nobody is talking about?   There’s no need to spend months figuring this out – over 2 days, you will learn the exact steps to launch and sell your products on Amazon Japan.   What will I > Read More

Rumors on Prime Day slump, not true? Image credits: eStore Factory This Prime Day, consumers are growing to be practical.They are prioritizing necessities over indulgences, yet they are still spending more than expected. Purchase data findings show that the average Prime Day 2022 spend per order is $53.14 compared to > Read More

Amazon uses influencer relationships to bolster Prime Day sales Image Credits: Pexels Amazon has launched its Amazon Influencer Program with the belief that it would fuel the success of its upcoming Prime Day.  The program would leverage influencers to raise brand awareness and inform consumers about Prime Day deals and > Read More

Amazon Prime Day is losing its sizzle Image Credits: KSL NewsRadio Is Amazon Prime Day really losing its hype? As of now, Amazon has not revealed specific details about their Prime Day Amazon sales performance, but according to Insider Intelligence, it is anticipated to increase by 17% YoY to $7.8B. > Read More

US Import Volume from China “Drop off a Cliff” US Import demand dropping dramatically 36% YOY… Why?Inventory glut – excess inventoryInflation crunching US consumer purchasingContainer volumes from CN to US continue to decline  Image Credits: FreightWaves According to FreightWaves, Inc, U.S import demand is dropping dramatically by 36% year on > Read More

China Sourcing Updates Update 6/3/22 As of Wed. June 1st, 2022 Shanghai has lifted the COVID lockdown according to Reuters.   Source: Reuters/Aly Song While the people are starting to resume a normal life and offices are now open, in terms of the supply chain it can be best summed up > Read More

China Sourcing Updates What we know Port congestion in Shanghai could lead to airfreight congestionShanghai aims to lower down restrictions on June 1Beijing authorities are strictly monitoring business ad residents Image credits: Pexels According to South China Morning Post, Shanghai aims to lower down restrictions on June 1. However, the > Read More

China Sourcing Updates What we know Shanghai continues to be in lockdowns for over 6 weeks nowTesla nearly stops production at its Shanghai plant due to a lack of component supplies A lot of companies experienced plunging sales this Q1We are unsure when China can lift the lockdowns As Shanghai > Read More

China Sourcing Updates What we know China disruption continues to hurt the international supply chainInternational companies are having hard time restarting operationsIt is difficult to predict when will this dilemma come to end Image Credits: Pixabay As a world manufacturer, China’s disruptions are impacting the global economy and adding another > Read More

China Sourcing Update 5/06/22  What we know There are no recent changes in policies and rules implemented in China.Shanghai is still on lockdown, and our sources on the ground estimate that this will go on for another 2 months.Beijing is also under restrictions, and many areas are strictly monitored to > Read More

China Sourcing Update 4/29/22  What we know Manufacturing and export hubs in China are on the verge of halting their operations.The Covid lockdown in China is pushing the logistics chaosRegion to region entrance requirements are negatively affecting truckers Image Credits: iStock As we have shared in the past weeks, Shanghai > Read More

China Sourcing Update 4/22/22  What we know There is mass marine congestion on the east coast of Shanghai amid COVID lockdowns.Experts warn us for the next global shockwave of China’s harsh lockdowns.Chinese lockdowns are starting to hurt the American and European supply chainsThe lockdown status is almost the same as > Read More