More Vendors Prompt Sweeping Changes to Retail Environment

Late last month, sports equipment company Under Armour announced it was cutting ties with some 2,000 retailers over the next two years.  In doing so, Under Armour would focus on building up its direct-to-consumer business.  Promo Marketing reported a more than 50% growth in Under Armour’s e-commerce business during the third quarter, with a 17% increase in direct-to-consumer sales.

The Philippines Needs a Global Value Chain More Than Most Countries

The Philippine economy contracted at 11.5% in the 3rd quarter. The previous Philippine quarter GDP declined by 16.9% and was the worst quarter recorded in Philippine history (two negative quarters of GDP is the definition of a recession). Having two quarters of double digit declines is unheard of, and puts the Philippines in one of the world’s most severe recessions. The third quarter double-digit decline was much more severe than what the market projected and more severe than regional peers. The 3rd quarter decline of 11.5% was significantly  deeper than the median estimates of 9.6%.

Help for British Wholesalers During and After the Pandemic?

New research from Barclays suggests that the average length of British supply chains has doubled since the pandemic hit, and retailers and wholesalers in the country do not expect them to return to normal until at least March 2021.  The report, “Chain reaction: Retail and wholesale supply chains adapt to a climate of change,” was picked up by the Scottish Business Insider.

Indonesia Needs Stronger Global Value Chains to Improve Its Economy 

Southeast Asia’s largest economy has been affected by Covid 19, causing Indonesia’s first recession in over 20 years.  The last reported GDP declined 3.49% for the quarter ended September. This is the second GDP showdown in a row, with a 5.32% contraction in the previous three months.  The definition of a recession is two consecutive quarters of negative growth.

Can Nigeria Global Value Chain Expand Nigeria Exports?

The Harvard economist Dani Rodrik has written that a country’s economic development is virtually synonymous with its ability to produce manufactured goods for export. As countries adopt this export model it allows, for example, companies in Nigeria to compete internationally and gradually raise productivity through investment in capital and skills: “Industrialising has been a key escalator that has enabled rapid growth.”

Can Pakistan Global Value Chain Improve Pakistan’s Economic Issues?

The World Bank is forecasting an “anemic” economic outlook for Pakistan, with an expected growth rate of only 0.5% in the current fiscal year. “Given anemic growth projections in the near term, poverty is expected to worsen with government estimates of pandemic job losses at 14 million, as poverty is expected to increase for the first time in two decades.”

Can India Accelerate Its Future Growth Utilizing Global Value Chains?        

India’s GDP has just dropped by a whopping 24% in the last quarter, one of the biggest drops globally. The core reason for this significant decline was that India had one of the strictest COVID 19 economic lockdowns in the world.

This greatly and negatively affected the livelihoods of millions of Indians. So what can Indians do to repair their economy and increase lost incomes for their millions of citizens? A study has shown almost all countries need to grow and establish new Global Value Chains (GVC). Almost nothing has been proven better to raise incomes and reduce poverty, while requiring very little government involvement or costs.

Indonesia Exports Need a Value Chain Push 

Indonesia is the largest economy in Southeast Asia, both in terms of population (267 million people) and economic size with a GDP of $1.12 Trillion.

Can this archipelago’s future economic growth match demographic youthful transition for the next few years with an average age of their citizens at 30.5 years?  Studies have shown and Indonesia needs to expand their global value chain, as it has been proven to raise incomes and reduce poverty. 

A New Global Wholesale Option for Buyers and Sellers is Here

Shop The Globe is a fast growing online wholesale option and we believe that if you’re a buyer or seller you need to start reviewing these very unique options for products.  This is truly a better global wholesale platform.

Shop The Globe is already providing unique options on a truly global platform with interests from the countries of Vanuatu, Australia, Thailand and of course many here in America.

A New Alternative to Trade Shows for Wholesalers and Producers  

My experience in business is that almost every company not only wants but really needs more sales. Companies want to expand sales and to do it with limited or no out of pocket costs. Due to the retail Internet migration and COVID-19 we are seeing a massive change in the wholesale market and one of the biggest changes is that there are almost no traditional trade shows.  You must also know that the traditional trade shows might not come back!

Global Manufacturing Storefront – Does Your Company Need One?

We are seeing a massive migration to the internet for our business needs. This has been one of the largest business migrations the world has ever seen, but many small manufacturing companies have not even updated their websites in years, not to mention expanded and leveraged a more efficient online capability.

Is it now time for small manufacturing to enter the world markets? 

Does Every Wholesale Company Need a Global Storefront?

The internet and business landscape are changing at rates not seen before.  With this incredible change occurring right in front of us, why hasn’t the online wholesale industry adapted and become more efficient? Instead, there seems to be very little change and increased efficiency over many years.

For example:  We believe each wholesale company today should have their own global storefront.  

One Stop Online Wholesale Shopping Soon Worldwide

Is the global free markets wholesale business the most inefficient market in the world?

With the exposition of the internet and online retail business, has the wholesale market kept up with its peers?

Not only has the wholesale market not kept up, but the industry’s failure to keep pace with Amazon is a key reason why Amazon has been so successful and the wholesale industry has done very poorly.  Amazon reached out to the Chinese wholesale industry directly with many seminars in China, and Amazon even started their own shipping business to move goods from China to the US and then directly into their prime marketplace.

Online Global Wholesale that is Open to list Your Products

As a wholesaler, you can increase sales and global awareness if you know how to find the right platform. 

There are three basic ways to sell your product:

  • Sell directly to customers via your website.
  • Sell to retail stores, which then sell to customers.
  • Post at a wholesale distributor, which sells to retail stores.

In our small business we are involved with all three, but I would like to introduce you to wholesaling online, a newer global concept.

Could Freelance Gigs Be Better for the Arab Economy than Oil?

The inflation rate in the Middle East is now estimated to be 8.8% in 2020. With Egypt, possibly the fastest growing Arab country, growing at only 2%, most oil producing countries in the region are seeing economic contractions. The combination of Covid-19 hitting the local population and the oil decline has severely affected this region.

Arab oil exporters are forecasting oil supply cuts of about 50% in 2020 and 2021, levels that have been approved by OPEC agreements.  The combination of significant cuts in production, $42 a barrel for oil, and Covid affecting local marketplaces, will have a significantly negative impact on regional economies.

Shop Wholesale Online – The Next Generation Online Wholesale for Buyers and Sellers

The problem with today’s internet is that the world’s wholesalers and distributors are still using their 1900’s model; there has been little if any significant change, even though we have seen incredibly robust change in the world that has created a new retail online category. Manufacturing also has seen gigantic leaps with micro companies. These companies are involved with the creative design and development of new products, but they hire out all their manufacturing. They have seen strong growth popping up all over the world.

Can an Online Wholesale Supplier Solve Your Online Store Needs?

One of the first ideas to consider before you open an online wholesale website is to better understand how the wholesale supplier system works, and better yet a system that can work for your online store.

The issue with online store shoppers: 

Most wholesale systems are spotty at best; it’s an eclectic collection of very random unhelpful “register first” websites. Many are in the US but most are sprinkled everywhere in the world.  Most of these sites are OK, many are great, but quite a few just waste your time with a long registration process and fees.

Freelance Gigs in the Philippines Could Help Lesson This COVID Crash

The Philippines and Manila are some of the hardest hit economies due to COVID-19. Now the Filipino unemployment is forecast to be 22.5%, up from only 4.5% before the global epidemic.  When an economy falls in the range of 91-92%, it is very unlikely it will have a sharp quick recovery.  This Wuhan Virus caused the first recession in the Philippines in 29 years, with second quarter gross domestic product showing a decline in almost every single element of the economy.

Shop the Globe Will Be Opening Soon 

We wanted to offer our global viewers more than just online services. Don’t get us wrong, we like online services, but we wanted to do more, so we will soon open Shop The Globe where hopefully you could make local products and sell them on a global platform. We want to give the little guy the opportunity to introduce their products to the world. The vendors will have no listing costs, and will only pay a fee if a sale is completed. Most small companies have limited global or even countrywide awareness, and we will be able to provide this type of service.