7 Figure Seller Summit

The 80/20 of Ecommerce July 23rd

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 lockdowns.

According to the Taipei Times, “Pou Chen Corp,  the world’s largest manufacturer of branded athletic and casual footwear, last week said that it had suspended operations at its plant in Ho Chi Minh City, as virus restrictions shuttered factories in the business hub through Friday.”

If you are sourcing or considering sourcing from Vietnam, be prepared to weather this storm as Vietnam is dealing with the effects of the pandemic.  


A man rides a scooter past closed shops in Vung Tau, Vietnam, yesterday.

Photo: AP

Walmart, Ikea, and Amazon have a dirty shipping problem

One of the dirty secrets in shipping, is that operating huge container ships that ship consumer products across the world creates tons of greenhouse gas emissions and air pollution.  

In an excellent report called “Shady Ships: Retail Giants Pollute Communities and Climate with Fossil-Fueled Ocean Shipping” by Pacific Environment, they “rank the top 15 biggest polluters by company. Walmart tops the list, generating more greenhouse gas emissions than a coal-fired power plant would in a year.”  

Amazon is ranked at number 8.   

Despite their multiple promises, huge corporations such as Ikea and Amazon are still doing significant damage to the planet, as this report shows. Ikea says it wants to draw down more greenhouse gases than it emits by 2030. Amazon is trying to do something similar by 2040.

The report concludes that “Swimming in profits, major shipping companies have no excuse to not pay up for cleaner shipping options — like adding wind harnessing technologies onto existing ships, which can reduce up to 30% of greenhouse gas emissions per voyage and 8–10% per year.” 

Source: Pacific Environment

Is This the NEW Normal for Amazon Shipping? A Shipping Expert Tells Us What to Expect” from Serious Sellers Podcast: Learn How To Sell On Amazon

In this excellent interview, Refael Elbaz, CEO of Unicargo, a freight forwarder that works with many Amazon sellers, breaks down the state of shipping right now.  

The cost of shipping a 40ft container from Shanghai to Los Angeles has skyrocketed from $1600 pre-Covid to $13,000 to $15,000 right now.  

Also Refael explains cause of delays at the Ports of Long Beach, and a number of other factors that are creating the Perfect Storm for Ecommerce right now.  

Pls include a paragraph about VAA and link to CTA.  

VAA specializes in matching Amazon sellers worldwide with skilled, dedicated Virtual Assistants from the Philippines. VAA was established in 2017 by Gilad and Hila Freimann, who operate a successful private label Amazon business of their own. As their business grew, they quickly discovered they needed extra help in their daily Amazon operations. 

Schedule your Free consultation meeting with Gilad and meet your Ideal VA.

Click here to redeem your special offer.

Live Training 7/26 – “Weather the Perfect Storm to Win Q4 for Ecom sellers” 

Join me on a live training next Monday night July 26th at 6pm EST to learn what to do to weather this storm as an ecom seller so you can crush it in Q4.  You’ll learn

  • What are the biggest opportunities in Q4
  • What’s different about 2021
  • What are the biggest risks to prepare for so you don’t sink your ship

“Weather the Perfect Storm to Win Q4 for Ecom sellers” 

Mon July 26, 2021

6PM EST

Signup here: https://forms.gle/SEMPjYMFSJpAzPPU9

See you then!

Gary

PS: I really don’t want you to miss out live webinar next week so make sure to save your seat by registering here 

Here are some things you may have missed from last week:

Have a great day!

Gary

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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