7 Figure Seller Summit

The 80/20 of Ecommerce -8/20/21

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 of capacity.”

“Ocean freight capacity is being heavily curtailed by congestion, with equipment tied up both on land and at sea” according to Freight Waves.  

The causes of congestion keep coming: from the lack of containers available for shipments, to the Covid closings in China at the Yantian and Ningbo ports, to the ocean vessel stuck at the Suez Canal, to the numerous delays off the port of Long Beach – it’s been a domino effect in escalating the capacity problem.

Even back-to-school products are facing shortages and price increases due to the supply chain shortages

As you may have expected due to the supply chain challenges, the impact is already felt in  back-to-school supplies.  

“It’s back-to-school shopping season — and product shortages, which have affected everything from furniture to chicken wings, are hitting school supplies” according to WCPO news..  

Walmart is struggling with supply shortages of products such as Disney backpacks.  

It looks like we will see fewer deep discounted products like $0.10 spiral notebooks because supplies will be tight. 

I believe this is the canary in the coal mine.

This Q4 I expect many holiday products to be in short supply given the Perfect Storm we’re facing now.

You’re probably asking how can I Navigate this “Perfect Storm” to win in Q4?

7 Figure Seller Summit 5 – Final Day!

As we navigate through the ecom “Perfect Storm”, I have invited over 30 7 Figure Amazon Sellers and Ecom experts to share the latest strategies on how to overcome the logistics challenges and high shipping rates so you can win in Q4.  

On day 5 (today) you will also learn how to prepare for an exit from 7 and 8 Figure sellers who’ve done it, as well as what NOT to do so you don’t leave money on the table as you maximize your business valuation.  

Get your free pass now!

Here are some things you may have missed recently:

Have a great weekend!

Gary

PS: Over 3,000 people have signed up for 7FSS – don’t miss out on the last day – we will have a live Q&A Recap webinar tonight 8/20 at 6pm EST but only if you register for a free pass

About the Author sevenfiguresel

Meet Gary Huang, the creator of the AI for Amazon Sellers 28 Day Challenge and the founder of the 7 Figure Seller Summit. Gary's journey in the ecommerce world began in 2005, when he launched his first private label brand selling women’s shoes on eBay. Since then, he has steadily grown a portfolio of ecommerce brands on platforms like Amazon and Shopify, serving customers in marketplaces across the globe.

But Gary's experience isn't limited to just ecommerce. With a decade of corporate experience under his belt, he has managed supply chains in Shanghai, China, overseeing multimillion-dollar sourcing campaigns. This broad range of knowledge has provided him with a unique perspective on the ecommerce industry, which he now shares with others through his various initiatives.

He is a highly regarded figure in the ecommerce space, with his strategic insights and innovative approaches widely recognized in prominent media outlets including Forbes, NPR, and Bloomberg.

Recently Gary’s fascination with AI came from a simple observation: AI was changing everything, everywhere, all at once. This impact is affecting everything from education, politics, the arts, to ecommerce businesses.

This led him to spend hundreds of hours testing AI applications in his own business and interviewing other successful Amazon sellers and ecommerce experts at the AI and ChatGPT Summit for Amazon sellers.

His aim was to find out how AI could be used to grow ecommerce businesses, save time, and increase profitability. The insights he gained have played a crucial role in shaping the AI for Amazon Sellers 28 Day Challenge.

Outside of his own ventures, Gary has shared his expertise on platforms like the Helium 10 podcast, Jungle Scout's Million Dollar Case Study, Webretailer.com, and the Global Sources Summit. His understanding of global trade was even acknowledged when he served as the Chair of the American Chamber of Commerce in Shanghai's Supply Chain Committee, briefing White House Congressional officials on US-China trade and supply chain strategies.

Despite a career that has taken him around the world, from his native Los Angeles to Shanghai and now Japan, Gary remains down-to-earth, focusing on his role as a husband and father. His experiences, both personal and professional, inform his approach to business and the advice he shares through the 28 Day Challenge.

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