Description: I am a Co Founder at advoncommerce.com, a Co Founder at bestreviews.com, and board member at BeautyBakerie.com. Previously worked at LinkedIn, Tesla, and served in the US Army. Posts are my own....
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The Global Pandemic has thrown the international supply chain into chaos: first there were shutdowns of factories and ports, then surges in demand for specific products, and even now with major changes in ecommerce volume but distribution centers struggling to keep up. Throughout the year I have heard sellers tell of stock stuck at sea, in customs or even in the parking lot at an Amazon warehouse.
With so much confusion, many sellers don’t think now is the time to negotiate with their suppliers. But there may not be a better time to lock in deals that prepare your business for the new normal. Ecommerce has seen phenomenal growth, and asian factories in particular are back to normal production levels. This is the time to align your suppliers with your business as the industry looks to maintain its dominance within the retail economy.
In early 2020 Asian countries at the forefront of the pandemic shut down quickly and definitively, throwing supply chains all over the globe into disarray. As the global effort to slow the spread of the virus took shape, ports closed and customs offices shut down while they worked out how to defend against infection. Even with reopening, shipping times have doubled or tripled on some routes, as the increase in ecommerce volume has coincided with a global slowdown in transportation.