In this episode, Gary Huang is on to discuss 3 potential predictions for the future of e-commerce within the next three years. Gary and I touch on topics like globalization, the impact of AI, and the potential return of aggregators while emphasizing how important it is to start moving manufacturing out of China.
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Big Takeaways
- Globalization is shifting towards a model that may exclude China.
- AI will significantly impact businesses, potentially leading to many closures.
- Aggregators in e-commerce are predicted to return with a focus on credible brands.
- New challenges often give way to new opportunity. New marketplaces present opportunities for sellers to expand beyond Amazon US.
- YouTube has the opportunity to become a major competitor to Amazon in retail.
- Diversification away from Amazon is crucial for long-term success.
- The current economic climate creates both challenges and opportunities for e-commerce.
- AI tools can enhance efficiency but may also threaten traditional business models.
Timestamps
- 00:00 - E-commerce Predictions and Global Sentiment
- 02:57 - Globalization 2.0: The Future of Manufacturing
- 05:50 - The Impact of AI on Business Survival
- 08:59 - The Return of Aggregators in E-commerce
- 12:09 - New Market Opportunities Amidst Uncertainty
- 15:02 - YouTube as Amazon's Biggest Competitor
- 17:57 - The Seven Figure Seller Summit and Future Trends
Gary, thanks for joining us on the podcast today. It was great having you on to talk about your upcoming event and some of your predictions for e-commerce in the future!
If you're interested in 7 Figure Seller Summit which will be held on April 22 - 24th, you can get your limited time Free Pass by clicking on this link.
