Running a successful wholesale travel bags business is a tough job as it is a very versatile industry. These bags are categorized into several types on the basis of use, material, and size. As for its market size, just the handbag industry had a market value of $ 41.35 billion (2019). This is expected to increase by 9% next year. Due to high demand, there is severe competition in the bags market.
Griddy, a Texas electricity supplier has blamed the Public Utility Commission (PUC) for raising the maximum capped rate for electricity, a decision that led to skyrocketing electricity bills for its customers since January. According to the company statement, the previous tariff was capped at $1,200 per megawatt-hour but was, later on, hiked to $9,000 per megawatt hour.
The Coronavirus pandemic’s second wave continues to cause havoc around the globe. The quarantine and restrictions continue to be in place for a majority of the world. Hence, online sales have been increasing, due to safety reasons and convenience. Amazon is one of the major players on the online marketplace.
The internet has democratized the human experience in ways once unimaginable even two decades ago. News and information is available at one’s fingertips instantly, from sports scores to stock tips. New connections and friendships can be formed, bringing past pen pals together in an instant. This, of course, extends to the world of commerce.
When Google came out with a new search engine, it became a far better solution for searching based on the criteria you put in, and this new company transformed the entire search industry. Before Google most products on the internet were listed and then purchased indirectly from yes directories. So called search engines in the early days like Yahoo (which had a dominant position early) were simple listing directories.
At Shop the Globe, we understand the struggle wholesalers face, during good times and bad, to keep your storefronts stocked with high-demand products at affordable prices. Dozens of vendors have already signed up with our new, global, online wholesale outlet, selling products from all over the world to wherever their customers may be.
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.
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.
On Wednesday, the U.S. Census Bureau released a preliminary report on data pertaining to wholesale inventory for the month of September. Wholesale inventory in the United States was shown to have decreased by 0.1% in September. This is compared to a 0.3% increase in August, which itself was revised from 0.4%.
Earlier this week, Reuters reported that Japanese wholesale prices fell by 0.8% in September, marking the seventh consecutive month of year-on-year declines. Prices also declined by 0.2% as compared to August, the first on-month decline in Japan in four months. Their data was courtesy of the Bank of Japan (BOJ).
Many industries and sectors across the global economy have greatly suffered as a result of the coronavirus pandemic and the associated recession caused by the Great Lockdown. Demand for some goods and services has simply collapsed, while in other areas, the means of distributing them to retailers or consumers has been severed or greatly disrupted.
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.
The coronavirus pandemic, and the associated Great Lockdown designed to contain it, have wreaked havoc on the global economy throughout 2020. The global wholesale market is no exception. Forecasters believe this typically robust market will experience an industry-wide decline over the course of the year.
RangeMe is a service that specializes in helping connect wholesalers to buyers. They offer their services with two different perspectives: sServices for the buyers, and services for the wholesalers.
Buyers are of course offered accounts for free. It’s a great way to browse products and find connections to new providers you may not have had dealings with before, all at your fingertips. The wholesaler side of the business is a bit darker though.
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!
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.
Are you a merchant in a country or far away location and want to greatly improve your presence in the online wholesale world? If you believe your products should be shown in many online stores around the globe, it might be easy to solve this issue. Review Shop The Globe to improve and lower your cost while improving your access and ease of use.
Water carrier products are being considered as one of the essential products that are being used in day-to-day life. Products such water kettles, water bottles, water taps, hot water dispensers, washing machines are being used in large scale in both households as well as commercial level.