When sourcing new products to sell, it’s important to consider current consumer trends. Buying habits have shifted dramatically in response to rising fuel costs and ongoing economic uncertainty, according to a recent report by the UK-based online marketplace OnBuy. The report suggests that the British buying public is making shrewd buying decisions to help them save money on their energy bills this winter. What Are People Buying? Data from the online marketplace shows that items, including radiator reflectors, draught excluders, and air fryers, have soared by thousands of percent in recent weeks. Other current big sellers include clothes dryers and airers, which have soared by more than 6000% as households avoid using energy-guzzling tumble dryers, and sales of electric blankets… Read more »
Tag: sourcing products
Could Amazon Ship to Seller Storage (STS) Solve Your Global Sourcing Problems?
When margins are tight, retailers need to look for operational efficiencies in their businesses to drive profits. The ability to source products in bulk from overseas markets is an obvious opportunity to cut unit costs. However, the upfront investment in stock, logistical costs, and lengthy timescales can make sourcing products in large volumes seem unattainable to many sellers. For many smaller businesses, global sourcing can be a complete leap of faith, resulting in many lost nights of sleep until their goods are safe and sound in their warehouse and available for sale. With large sums of cash tied up in products that may be months away from retail, trust is a major issue. So what if we told you there… Read more »