In addition to operations, the most difficult aspect of cross-border e-commerce is inventory management.Inventory is one of the top concerns of all sellers.When a new product is just coming out, there is no precedent, and prediction is a bit like guessing a blind box.If there is too much inventory, if slow sales occur in the opposite direction, it will at least eat up profits, or at worst, it will bring down the company's capital chain; if there is too little inventory, if it is oversold, it will at least be complained, or at worst, it will be removed from the shelves, orders will be reduced, and business opportunities will be missed. The investment goes down the drain.
In the early stages of the epidemic, traditional foreign trade suddenly cooled down, the global sales chain was disrupted, domestic production was interrupted, and various inventories piled up, making it impossible to ship overseas.In the middle of the epidemic, overseas borders were closed, buyers were quarantined, terminals were shut down, and shipping was depressed. Although domestic work and production resumed, poor logistics still led to full inventory.Subsequently, Amazon's account was suddenly banned, and the affected sellers were unable to sell. After the stores were closed, overseas inventory became increasingly severe.Then, global logistics prices skyrocketed, 'Wu Sangui' sellers were everywhere, and the inventory phenomenon continued unabated.As for inventory caused by mistakes in daily product selection, sales in wrong seasons, and logistics delays, it is even more common.
Inventory, in inventory, is baggage, backlog, capital accumulation, and cost loss.Only through digestion and revitalization can funds be activated and new orders can be attracted.Since inventory is the normal state of trade, what are the solutions to inventory?
Inventory in the country
You can consider markets such as Yiwu Small Commodity Market and Shishi Clothing City that mainly sell inventory. They can sell both exports and domestic sales. A two-pronged approach. Nowadays, market procurement is one of the new foreign trade models and new formats encouraged by the country, and is favored by many in the Middle East and Africa. Favored by customers, market share is also increasing day by day.In addition, you can resell in offline physical stores, or switch to domestic e-commerce. Although there are differences between the domestic market and overseas, and it cannot be generalized depending on the product and season, as one of the channels that can be tried, it is better than nothing.Of course, the most negative response is to trade time for space, occupy storage capacity, and wait for overseas countries to slowly digest and ship goods.
It is recommended that you can resell it to overseas offline physical stores, re-export it to other overseas countries to try your luck, or transfer it to an overseas professional inventory clearing company at a low price, or transfer it to an online distribution platform, and advertise it widely to find an agent to carry out ant-style moving. Digestion.Now there is another possibility. If the inventory is in the United States, you can try to open a store on TEMU and have a big sale with special discounts.The worst outcome is that after the expiration date, the product is forced to be destroyed due to high storage costs.
There is nothing to fear about inventory. It is understood that many of the current inventory are still in categories with new styles, excellent prices, and acceptable to the market.Now let me tell you about a brand new channel for digesting inventory-China Cross-Trade Fair (Autumn).The exhibition has a large number of buyers, including many niche sellers who specialize in spot purchases. If you have inventory, you might as well come to the site to find opportunities to digest the inventory. Whether you are a veteran with a lot of experience or a newcomer who is just starting out, you may become a Potential trading partners.If there is a booth on site for physical display, it will be like 'people sit in the exhibition and come from the sky.'
China Cross-Border E-Commerce Fair (Autumn) (CCEF)
'Build a platform' to help enterprises explore the cross-border e-commerce market,
Actively find suitable ways to 'pave the way' for enterprises to go overseas smoothly
Exhibition time:November 25-27, 2022
Place:Guangzhou, China Import and Export Fair Complex
Directed by:Guangdong Provincial Department of Commerce, Guangzhou Municipal People's Governmentorganizer:China Foreign Trade Center Group Co., Ltd.,Foreign Trade Development Bureau of the Ministry of Commerce,Fujian Huiyuan International Exhibition Co., Ltd.,China's foreign tradeState Exhibition Co., Ltd.organizer:China Foreign Trade Guangzhou Exhibition Co., Ltd.,Fujian Huiyuan Cultural Development Group Co., Ltd.,Fujian Midoduo Network Technology Co., Ltd.co-organiser:Oracle (China) Software Systems Co., Ltd.,Hangzhou Fanjie Supply Chain Management Co., Ltd. (Fanding International Group),Fujian Zixun Information Technology Co., Ltd. (Purple Bird Browser),Zongteng Group,Shop Jiang Technology SHOPLAZZA,Shanghai Xinggu Information Technology Co., Ltd.,MoonSees dream west stone information technology,Noah's wealth,Beijing Zhuoao Century Technology Co., Ltd.
Industry support units:Hunan Cross-border E-Commerce Association,Shanxi Cross-border E-Commerce Association,Tianjin Cross-border E-Commerce Association,China Chamber of International Commerce Henan Chamber of Commerce Cross-border E-commerce Industry Committee,Hangzhou Cross-border E-Commerce Association,Huizhou Cross-border E-Commerce Industry Association,Haidao E-commerce Club,Jining Industrial Enterprise Federation,Linyi Cross-border E-Commerce Association
Special cooperation units:Seller's Home, AMZ123
China Cross-border E-commerce Fair is a cross-border e-commerce fair organized to link Chinese manufacturing and global consumption, integrate the rapidly developing cross-border e-commerce ecological resources, and realize resource integration in the foreign trade, cross-border e-commerce and exhibition industries. , serving global trade and helping companies open up broader markets.The exhibition not only realizes the function of matching transactions, but also brings diverse platforms and full-chain services. Its value-added function is a differentiated advantage that other exhibitions of the same type do not have.With the theme of 'New Momentum for Foreign Trade·New Digital Future' and the positioning of 'Creating a national brand and platform for cross-border e-commerce to serve the innovative development of foreign trade', China Cross-border Trade Fair is committed to optimizing high-quality suppliers and cross-border e-commerce. cross-border e-commerce buyers and platform resources; upgrade high-end forums and activities to create the leading event in China's cross-border e-commerce industry.
Exhibition area distribution and exhibit categories (three major exhibition areas):
Cross-border e-commerce supplier exhibition area
Household daily consumer goods, 3C electronics and healthy living, gifts, stationery and cosmetics, shoes, clothing, textiles, bags, sports and outdoor categories, toys, maternal and infant pet products and comprehensive food, furniture and building materials, gardening hardware, lighting, automobile and motorcycle accessories.
Cross-border e-commerce comprehensive service exhibition area
Cross-border e-commerce platform, information consulting, logistics and warehousing, operation management system, payment platform, digital marketing, insurance and taxation, financial investment, talent training, cross-border institutions, industrial design, etc.
Cross-border e-commerce comprehensive pilot zone, cross-border e-commerce industrial park
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