7 Figure Seller Summit Blog

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Covid waves will hit the global supply chain for two years, Reagan economist warns Economist John Rutledge, who was an advisor to President Regan, said that “the Covid-19 pandemic will continue to inflict pain on the global supply chain and contribute to the semi logjam into 2023.” The reasons include: > Read More

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As we are turning the calendar to September, Happy Labor Day to those celebrating in the US!   It’s the unofficial end of summer as we are almost entering fall and Q4.   Meanwhile, because of space issues and Covid risks at our current residence, my family and I decided to move > Read More

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This week I’m taking a family vacation after launching the 7 Figure Seller Summit last week. So this will be a short newsletter. Hope you are all enjoying your summer. Amazon Vs. Walmart: The Epic Battle Of Retail Kings Gets HotAmazon, the e-commerce giant, had dethroned Walmart and the battle > Read More

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Global Demand is only up 2.7% – Why are shipping rates so high?  Ecommerce entrepreneurs are faced with skyrocketing shipping container prices of over $20,000 per container from Shanghai to Long Beach. What’s the reason?   According to supply chain expert and consultant Lars Jensn,”The problem right now is predominantly one > Read More

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*BREAKING* Due to Covid-19, China has shut down terminal at Ningbo Port, 5th busiest port in the world  According to the South China Morning Post, on Wed Aug 11, 2021 “China’s Ningbo-Zhoushan Port, has closed one of its terminals (Meishan) indefinitely after a vaccinated worker tested positive for the coronavirus.” > Read More

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China-U.S. container shipping container rates sail past $20,000 to record Source: Reuters Shipping costs from China to the US have skyrocketed to an all time high this week according to Reuters. The cost of shipping a container from the Port of Shanghai to Long Beach/LA has surged past $20,000 a > Read More

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If you’re reading this, chances are that you’re an FBA seller thinking about selling your business. Congratulations! You’ve been successful in one of the most competitive industries, and now it’s time to take what you’ve learned and move on to the next adventure. Selling your FBA business can be exciting > Read More

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(VIDEO) What to do to Weather the Perfect Storm to Win Q4 for Ecom sellers (Replay) Big Demand for Corrugated Boxes and Other Packaging According to Ecommerce Bytes “Newmark Group, a commercial real estate services firm, found that nationally, nearly 407 billion square feet of corrugated product was churned out > Read More

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Shoe and Textile Factories in Vietnam shut down amid Covid lockdowns In the past few weeks, a number of major textile and shoe manufacturers in Vietnam (including contract manufacturers for Nike and Adidas) have suspended their operations in Ho Chi Minh City and other regions in Vietnam due to Covid > Read More

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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 > Read More

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Bye Bye Uncle Jeff! Bezos steps down as Amazon CEO  Last Wednesday, Amazon founder Jeff Bezos has officially stepped down as the company’s chief executive, handing that role over to Andy Jassy, in order to focus on “new products and early initiatives”. Bezos personally chose the date because it’s sentimental > Read More

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China’s manufacturing softens in June amid export weakness In a report by Business Hala, “China’s factory output and consumer spending have rebounded to above pre-pandemic levels but export demands are uneven as governments fight the outbreaks of the new coronavirus variant.”  China’s manufacturing activity in June dipped slightly as export > Read More

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