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.

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 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. 

RangeMe – A Great Way to Connect? Or Buyer Beware?

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.

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!

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.