eCommerce, as we know it, is undergoing a transformation because of a shift in buying behavior. Consumers prefer to shop online rather than visit stores out of caution to prevent contracting COVID.
The skyrocketing sales of online shopping is a dream come true for eCommerce. Online shopping (as of 6/28/20) in the U.S. and Canada grew 142.11%
compared to last year’s figure.
Online retailers have relied on China-based suppliers for decades. 50% of world goods
are made in China. How does China corner the market in production and as suppliers? It all comes down to the fact that Chinese-made products are cheaper.
So, how has COVID affected trade flow between Chinese suppliers and you, the online retailer?