Wizards of Ecom #024 Ecomm Preparations Post Covid-19 with Burak Yolga of Forceget Logistics
We are in uncertain times. You’ve likely heard that daily for several weeks at this point (or as of this recording.) However, there is a lot of misinformation regarding the logistics of manufacturing and transportation in China and abroad. Burak Yolga of Forceget Logistics joins me to discuss what’s going on, how this may impact your business, and how to make the best of a terrible situation.
First things first, it’s good to know that at least 80% of China is back up and running. One of the biggest issues now is that Wuhan remains in quarantine and they are smack dab in the heart of China.
This has disrupted supply lines and transportation because moving raw materials and finished products has become more expensive. Burak shares what you can expect from increased shipping costs, why this is happening, and what you can do to help your factories.
Burak has an amazingly unique perspective on what has been happening and how you can better weather these types of storms. Listen in to learn what questions you should be asking and how now is the time to fortify your relationships with your factories!
In This Episode:
[00:29] Welcome Burak Yolga to the show to discuss prepping for market disturbances.
[03:24] Learn more about Burak.
[06:32] Which sellers are the most affected by this pandemic?
[07:05] Can you still ship from China? What does the timing look like?
[11:18] Quick recap on the logistics of shipping and manufacturing from China.
[13:22] What kinds of additional charges should you consider due to transportation issues?
[16:06] Freight costs are going up 30-45%. Is there price gauging? What can we expect?
[20:33] How is the factory situation affecting sales? What questions should we be asking?
[23:13] You may be paying upfront so that factories can secure raw materials.
[25:54] What can you do to help your factory without hurting your business?
[28:23] The best thing you can do is stick with your supplier and increase communication.
[31:57] Forceget is in a unique position to provide more accurate information given their location.
[33:07] Not everything that is being told in the media is correct. There is a lot of exaggeration.
[34:30] Know your product and understand how it is manufactured.
[35:35] Connect with Burak and Forceget.
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