7 Figure Seller Summit

The 80/20 of Ecommerce -September 10, 2021

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:

  1. Pandemics come in waves – it’s not “one and done”.  There was the initial Covid-19 “alpha” strain which ebbed and flowed and now we are getting hit with the “Delta” strain which is more severe and leading to a spike in cases.  We may see more mutations later which will cause spikes in cases and continue to wreak havoc to the parts of the supply chain.
  1. Worker shortages – it’s uncertain whether this can be solved in the near future.  Due to the stimulus packages as well as workers not feeling safe (or unwilling) to return to work the lack of workers is hurting the supply chain from seaman to port truckers.  

This means that the Perfect Storm of Logistics may extend into 2023!

So you’re probably wondering what’s the best way to manage your inventory to prepare for Q4 and beyond

How to prepare inventory for Q4 and beyond – Live Webinar by So Stocked 9/16 at 2PM PST

To help you prepare your inventory so you don’t run out of stock while dealing with Amazon inventory restrictions, I’d like to invite you to a live webinar by Chelsea Cohen from So Stocked.  

She spoke at the last 7FSS and So Stocked is a secret weapon used by a number of 7 Figure Amazon sellers to help manage their inventory forecasting so they don’t run out of stock or over order.  

Chelsea will be giving a live webinar next week and you are invited.  

Amazon’s new restock limits, we are no longer just marketers. We must also be good inventory managers. This webinar by SoStocked will help you to adopt inventory management best practices and to restructure your logistics to prepare inventory for Q4 and beyond.  

Thursday, September 16th (11 am PST/2 pm EST)

Register here: https://sostocked.com/inventory-secrets/?via=7fss

Please note that I am an affiliate for So Stocked so if you do decide to use their paid service I will receive a small commission which helps pay for my coffee!  If not, no worries, feel free to join their free webinar to learn inventory management best practices nonetheless.

Here are some things you may have missed recently:

Have a great weekend!

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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