I have just finished giving an informative and valuable live session at this year’s SellerFest hosted by OrangeKlik. In my live session, I talked about the latest updates in 2022 China Sourcing, delays, Which parts of China are affected by COVID lockdowns, Shipping costs update, and what can you do to reduce the impact of sourcing challenges.
In this valuable session you will learn:
- What sort of delays can be expected?
- Which parts of China are affected by COVID lockdowns?
- Shipping costs update – prices coming down?
- What can sellers do to reduce the impact?
Check out the replay of my live session here to know the latest updates of Sourcing in China and how to overcome disruptions in the supply chain in 2022.
The Consumer Trends Report from Jungle Scout is quarterly research of 1,000 U.S. consumers that looks at how purchasing habits and preferences vary over time.
As a result of current events, they discovered that people begin to cut back on their spending when inflation rises. Rising inflation has influenced 72 percent of consumers’ consumer expenditure, and 70 percent are making less “fun” or impulse purchases.
Now, people buy more necessities like groceries, vitamins, and cleaning supplies than electronics and clothing. Additionally, it was also found that consumers have designated different shops for different products.
They go to Amazon for products categories belonging to Arts, Crafts & Sewing, Automotive Parts & Accessories, Books, Electronics, Exercise/Fitness Supplies, and Office Supplies. On the other hand, consumers prefer Walmart.com for essential products.
Even though total consumer expenditure is predicted to fall or remain stable this quarter, 11% of consumers are expected to increase their spending. They’ll spend more on luxury items to treat themselves, celebrate an occasion, a gift, or after a pay raise.
Brand loyalty and online purchases are fueled by pricing and coupons. Consumers want to remain in and spend on the house and self-care in 2022. Thus home renovation and the homebody economy will continue.
Takeaway: Amazon Sellers need to look out on trends and demands on these products and use it on their advantage. With the increased competition, it is important to stay ahead and utilize all availbale information on consumer behavior and spending. In addition, with the ongoing supply chain disruptions in China having this data on hand will allow you to plan ahead shipping and manufacturing to avoid losses due to delays.
You can get the full report here
Walmart has launched its Walmart Fulfillment Services (WFS), a low-cost fulfillment solution. Walmart has seen tremendous growth in the past two years, with U.S. GMV fulfilled by WFS growing 500% last year.
What the team started from the ground up has developed into a thriving business with vendors worldwide. The firm wants to work with its merchants to establish trust and openness. It also paves the way for an understandable and straightforward fee structure.
Their second anniversary also coincides with the launch of new growth possibilities for new WFS sellers that join up and inbound at least one item between February 21 and April 30, 2022. For the first 90 days, sellers get free storage and 10% off fulfillment.
If a client has a problem with an item, they can contact Walmart Customer Service or return it to their local Walmart store, which has over 4,700 locations in the United States. WFS makes it easier for your customers to have a better experience, increasing their likelihood of returning.
Takeaway: Walmart is consistently working towards growing their online marketplaces. I wouldn’t be surprised if in the next few years, competition between them and Amazon would be as close as a thread. So, leveraging now in Walmart can be a great move for many Amazon sellers wanting to scale.
Are you one of the many ecom business owners stuck in the growth phase? Feeling lost and don’t know where to start to scale your FBA business?
It is undeniable that competition on Amazon can grow faster than your sales. It is challenging to scale successfully and grow your business to 7 Figures in a highly saturated market.
However, I assure you that scaling to 7 Figures in Amazon is an achievable goal with the right strategies and tools to help you. I invited Don Henig from AccrueMe to share real case studies how Amazon sellers are scaling their businesses from $144k to $1 million in 2022.
- Case study of a Seller who grew from $144K in revenue to $1 million in just three years and how this was achieved!
- Compare and contrast the various capital options
- how to apply these real-world strategies that work to your business
To join RSVP here: https://bit.ly/3J7nDQZ
We are looking for an A-player to join our team! I’m hiring a part-time Executive Assistant (virtual position) to take care of all the details of the administrative side of my business and personal life so I can focus on business growth and spending quality time with my family.
If you have extensive experience managing an executive’s personal and professional calendar and have a passion for details, quick problem solving, rapidly learning a variety of different skills and helping others, then this is for you.
The full job description and details to apply are here.
In case you missed it:
- China Sourcing Updates – March 25th, 2022
- Beginning April 15, Amazon will automatically remove aged inventory
- On Amazon, American sellers are regaining market share
- Invite to my Live China Sourcing Workshop – Seller Fest Online
- VOTE for the topic of our next event!
- We’re looking for an Executive Assistant!
Have a great weekend!