It’s wild to me that cheap products directly from China is now a huge U.S. consumer value prop
Marty Ringlein’s Post
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Founder @ EMERGE | Eliminating Excel & Paper for B2B Operations ⬆️ Profits for Distributors, Traders, Importers & Exporters | Helping Create Successful B2B Business 📦
Are you facing a lot of competition right now? Price, Product, and Promotion—are you confident in how well you're handling these 3P? At some point in our lives, we all struggle to find good suppliers. Let me share a story about my sister-in-law who runs a fashion wholesale business. She can't offer great prices to her customers because her suppliers don't give her good prices either. And running promotions would only eat into her profits. Plus, sometimes, she ends up with low-quality products because she doesn't have reliable suppliers. So, you see, suppliers are like the foundation of our business! As a guide "How to find good suppliers", it's worthy to spend 2 mins for this post ! https://lnkd.in/geHZ7Z_Y
For those curious about the dominant force in wholesale distribution... Certainly, if not 90%, then at least 85% of you have heard of China, a major Asian player. And you're likely familiar with the concept of "crazy rich Asia" right? Indeed, China stands at the head of global wholesale distribution, showing off as the largest manufacturing sector in the region, where the "crazy rich" is concentrated. So, what attributes to their leadership in manufacturing and distribution? Undoubtedly, China's strong manufacturing industry plays a significant role. Parallel with that, it's home to some of the most powerful wholesale distribution and trading enterprises, catering to their domestic and international markets. Selling strategy is an essential component to dominate the market as well. They make good use of special days and holidays in China to offer big discounts and sales. This helps them sell more stuff. By doing this, they attract buyers from both China and other countries, making China even stronger in wholesale distribution. And if you are a wholesaler or distributor or even a trader, I'm sure that this article will literally give you 2 things. Powerful suppliers from China and the tips to hunt the deals from China manufacturers/ wholesalers. Here are some nice suppliers in China you should consider: Alibaba, Canton Fair, Yiwugo, Made-in-China, China Sourcing Agent, and Read-the-Blog. Hope you guys the best! Thank me later. #businessboost #softwaredevelopment #software #startup #businessopportunity #wholesalebusiness #distributionmanagement #businesstips #businessoptimization #emergeapp #inventorymanagement #innovation #management #digitalmarketing #technology #creativity #futurism #startups #startuptips https://lnkd.in/gnhbQy7d
What the Rest of the World Can Learn from Shopping Days in China
https://emergeapp.net
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For those curious about the dominant force in wholesale distribution... Certainly, if not 90%, then at least 85% of you have heard of China, a major Asian player. And you're likely familiar with the concept of "crazy rich Asia" right? Indeed, China stands at the head of global wholesale distribution, showing off as the largest manufacturing sector in the region, where the "crazy rich" is concentrated. So, what attributes to their leadership in manufacturing and distribution? Undoubtedly, China's strong manufacturing industry plays a significant role. Parallel with that, it's home to some of the most powerful wholesale distribution and trading enterprises, catering to their domestic and international markets. Selling strategy is an essential component to dominate the market as well. They make good use of special days and holidays in China to offer big discounts and sales. This helps them sell more stuff. By doing this, they attract buyers from both China and other countries, making China even stronger in wholesale distribution. And if you are a wholesaler or distributor or even a trader, I'm sure that this article will literally give you 2 things. Powerful suppliers from China and the tips to hunt the deals from China manufacturers/ wholesalers. Here are some nice suppliers in China you should consider: Alibaba, Canton Fair, Yiwugo, Made-in-China, China Sourcing Agent, and Read-the-Blog. Hope you guys the best! Thank me later. #businessboost #softwaredevelopment #software #startup #businessopportunity #wholesalebusiness #distributionmanagement #businesstips #businessoptimization #emergeapp #inventorymanagement #innovation #management #digitalmarketing #technology #creativity #futurism #startups #startuptips https://lnkd.in/gnhbQy7d
What the Rest of the World Can Learn from Shopping Days in China
https://emergeapp.net
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“Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as price cuts and discount coupons helped boost sales that have been hit by cautious consumers.” “JD.com and traditional rival Alibaba Group have been cutting prices and offering discounts to defend e-commerce market share in the world's second largest economy, where consumers are gravitating toward low-cost, discount-focused platforms.” “JD.com CEO Sandy Xu said that categories including general merchandise, electronics and home goods, particularly mobile phones, as well as apparel, were among the stand-outs for its retail platform.” "”As our improved price competitiveness increasingly resonates with users, the growth of our user base in lower tier cities accelerated in Q1, overtaking growth in higher tier cities," Xu said in a post earnings call with analysts.” “Prior to this week's results, analysts had voiced concern about the low-cost strategy's impact on margins and profitability, a worry that JD.com CFO Ian Shan dismissed on the call with analysts.” “"We believe by constantly dedicating resources to product, price and service, this improves user experience, which drives up GMV (gross merchandising volume) and market share," Shan said. "This forms a virtuous cycle in business enhancement and profit growth."” - Akash Sriram, Casey Hall
Chinese retailer JD.com's low price strategy helps revenue beat expectations
reuters.com
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China’s shoppers are gloomy and picky https://lnkd.in/djcKqv5i from TheEconomist Via the Economist It is worth to note that #china did not monetize the pandemic and did not follow the western approach by sending money or cheques to people, thus the deflationary trends and weak consumption recovery. As wages grow the gradual recovery will continue meanwhile retail sales are growing in concentrated areas where consumers think they have a need or happy to spend for example entertainment, restaurants sportswear #stockmarket #investing #valuation
China’s shoppers are gloomy and picky
economist.com
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Interesting move in a world where the US and China like each other less by the day... #ecommerce #cheapgoods #pricecompetition #globalsupplychains #uschinarelations #tradewars #supplychainriskmanagement
Amazon Takes on Chinese Rivals Temu and Shein With Plans for New Discount Service
wsj.com
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🌎 Global drop-shipping is forecasted to reach a market size of $500 billion dollars by 2027. It’s growing and you have a chance to bite this chunk and become financially free. 💰🦷 🛍️ You want to start an online store but don’t want to deal with the hassle of manufacturing or worry about the financial risks. 💸 🚀 Imagine being able to run a successful online store without having to invest in inventory or storage. 📦 💰 With drop-shipping, you can resell products that your customers request, with almost zero risk. Learn more now! 🔍 Watch the full video "3 Businesses That Will Never Go Out of Market" to learn how to do it right here: 📹 https://lnkd.in/emXxWZEw #dropshipping #dropshippingbusiness #financialfreedom #onlinestore
How to Create an Online Store with Almost Zero Risk? The Power of Dropshipping #shorts #dropshipping
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Work With Me To Increase Revenue, Lower Costs And Delight Your Customers | Ran a $100M / year Operations and Logistics Network, 20 Years Experience | Dedicated to Destroying the Status Quo | Principal & Founder
From 9 Billion a Year To 10 Billion A Month The Impact of China's Massive Parcel Industry The 100 billionth parcel was sent out for delivery yesterday - 39 days sooner than last year. China's eCommerce engine is in full gear and it's a juggernaut. The pressure of the systems they built is continuing to rise. Shein, Temu, Tik Tok Shops... Pair this with a few of the 2024 consumer trends I shared over the weekend and it's clear - a fork in the road is coming. Down one side, you will have volume. Lots of volume, brown box delivery and couriers that are running all day long dropping items from door to door. On the other side, brands and service provides that will move towards personalization, experience and service features. High volume is great. It's pretty much what everyone is chasing these days. The challenge with massive volume though? It forces a very specific type of delivery model to get it all done each day. Personlization, experience and seamless delivery are great. But you still need to have enough stops per day to generate the right kind of revenue to be profitable. The art is in the balance. I do see however the need for more collaboration with retailers. To start working in different ways and align delivery promises (or at least partner with others that want to create a similar delivery experience). If not, you are left with transactional activity that doesn't connect with a customer. Under both situations however: - High SLAs - High customer expectations - No room for sloppy (check yesterday's post!) Tools, tech and systems are needed. Execution is the key however. #logistics #d2c #lastmile #delivery #DoMoreSpendLess P.S. The 100 billionth product ... a down jacket that was delivered before noon https://lnkd.in/ep8vxQnn
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Seems Ali is giving up 800+ hyper in China. Despite huge effort to modernize them, keep them attractive, well merchandized and digitalized them (between 20 to 50% total tickets are done on O2O) the business model is declining fast (-5 to-8% customers on yearly basis) facing huge E competition. Per example 2 main life-streamers (600 people working for them) in China are able to generate more turnover than a total of ~500 Rt mart hypers. This trend can be seen all around Asia with the fast declining brick and mortar field. I guess it will soon appear in other regions of the world like Africa where people are willing to jump into new technological solutions. Question mark: Why in Europe this trend is limited and hyper groups still very vivid? Certainly due population slow habits change but also regulations, tax, cost of manpower and APPs/Internet that offer not sufficient advantage to decide customer to switch...Anyway the message given by Ali in China is a loud signal that should be take into consideration anywhere in the retail world.
Exclusive: Alibaba considers sale of consumer assets including Freshippo, RT-Mart - sources
reuters.com
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A good read. South China Morning Post: China's e-commerce exports experienced a significant increase of 19.9% in the first half of 2023 compared to the previous year, despite an overall decline in China's exports. This growth can be attributed to the rise of apps like Shein and Temu. Key Quote: “Recent weeks have been very exciting, just like when I started the business in 2014,” Queenie [store owner on Temu] wrote on Zhihu, China’s Quora-like platform in April. “I feel like I’m standing on a new growth track … and wondering whether my business is going to fly.” #ecommerce #scmp #China
How Shein and Temu are changing the face of China’s vast export machine
scmp.com
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Can "delayed payment" options lure out China's cautious consumers? Shoppers recently noticed the launch of the "Spend this year, repay next year" promotion on China's largest ecommerce platforms. For transactions on Taobao Marketplace and Tmall from 31 October to 11 November, the repayment can be extended until January 2024 without any additional charges. Netizens have expressed that Taobao is quite determined to encourage consumer spending. Some netizens have also mentioned that the official announcement seems to be misleading with wordplay, as the repayment is only delayed by a month. If one doesn't read carefully, they might think it's delayed by a whole year. It's unrealistic to believe that Alibaba Group would introduce "Spend this year, repay next Double Eleven." Others have pointed out that it sounds as if having an extra thirty days to repay means suddenly having the money to do so. What do you think? Will delayed payment lure cautious Chinese consumers to buy more? #China #Ecommerce #Credit #ConsumerBehavior
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Wash once and done