Logistics, Freight & Shipping

Inventory is the fuel for an eCommerce business, As an Amazon seller, maintaining correct balance of stock is important for maximum profitability. One can neither have lost revenue due to out of stock products nor can you keep excessive inventory resulting in higher FBA storage fees. Amazon has completely changed the online retail marketing game for online sellers, though for any successful FBA business execution, you need two things at peak efficiency. The first one is getting the orders, and the second one is a robust inventory management strategy.

At the beginning of July, China to US West Coast prices climbed 7% to $2,796, a figure that loomed a worrying 76% above the levels of July 2019. Similarly, the East Coast prices also climbed 3% to $3,458, 23% higher than the levels seen last year. This news came about a third consecutive General Rate Increase on Chinese goods coming into the country at the start of July thanks to a rise in importer demand. Some importers have even been seen attempting to add Peak Season Surcharges to their prices.