The 80/20 of Ecommerce – July 2, 2021
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 demand decreased and manufacturers dealt with supply constraints. The numbers of new export orders, production, and factory gate prices all decreased.
According to Business Hala “The index of production fell 0.8 points to 51.9 from May. New export orders fell by a similar margin to a one-year low of 48.1. This was offset by strong domestic demand, which raised the measure of new orders by 0.2 points to 51.5.”
India Sourcing Network launches on July 2nd, 2021
Are you thinking of sourcing away from China? If so, one of the biggest alternatives is India.
But as you may know Alibaba doesn’t work so well when it comes to sourcing Indian suppliers.
That’s why I’m super excited to learn that my friend Meghla Bhardwaj is launching India Sourcing Network
This is a site that includes everything you need to source Private Label products from India. Meghla and her team promises:
- Ways to find Indian Suppliers
- Connect with Service providers
- Learn more Information on sourcing PL products from India
To kick things off, you’re invited to join the India Sourcing Network launch party here!
When: Fri Jul 2nd at 8pm EST (launch date: Friday Jul 2, 8PM ET)
Here’s a preview of what to products you can expect from India:
Upcoming webinar “Building customer and brand avatars with Ben Leonard” Friday, July 2nd, 4 PM EST
You will learn:
- How to build a brand avatar
- Why do they need to do it?
- Ultimately help you build a brand – important asset when selling
Here are some things you may have missed from last week:
- Amazon Prime Day 2021 breaks sales records even though less products were on “sale”
- How to Hire an Amazon VA Masterclass with Ana Santiago – Replay
Have a great weekend!
PS: If you haven’t already, I’d love to hear your feedback about the next 7 Figure Seller Summit launching this Aug – pls fill out this 5 min survey to help me create the best online event to build, grow, and exit your ecom business. 7FSS5 Pre-event Survey