MEXICO CITY, May 10, 2022 /PRNewswire/ — In 2021, retail e-commerce sales amounted to approximately 4.9 trillion U.S. dollars worldwide and is estimated to reach about 7.4 trillion dollars by 2025. (source Statista). Most projections indicate that a large percentage of those sales are from small to medium-sized businesses. However, there is a growing concern about the reliance on sourcing from China to facilitate those sales.
“10 years ago, almost all focus for sourcing products was on China,” says Norm Farrar, an eCommerce and branding expert based in Canada. “And while there has been increasing interest in sourcing from alternative destinations for many years leading up to 2020, the demand was heavily accelerated by the global supply chain disruptions caused during Covid. For many e-commerce businesses, the lack of alternative sourcing locations caused serious turmoil in a time when their skyrocketing sales caused rapid inventory shortages.”
The largest demand for alternative sourcing destinations for eCommerce brands has been the US and Latin America, with a special emphasis on Mexico. Amy Wees, an eCommerce consultant and marketing firm owner who has hosted sourcing trips to China for years, notes; “Due to increased prices in raw materials and significant delays in shipping, coupled with increased customer demand for products NOT made in China, brands in the US eCommerce marketplaces want to source from the Americas. Despite the ‘one-stop shopping’ of China, my clients and their customers are desperate for alternatives, which is what led us to put together this trip and tradeshow.”
Tim Jordan, an eCommerce branding and sourcing consultant based in the USA has experience in Latin America and is excited about the opportunity to bring new buyers to the region. “I have been sourcing products for multiple brands for many years in Latin America. Despite the steep learning curve and challenges, I […]
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