This category features any miscellaneous blog posts that don’t fit into our main categories.

The Financial Options for Growing Your Business

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Growing your business takes careful planning. If you’re like many small and medium-sized businesses, allocating financial resources to cover set expenses, investments and finance growth strategies is where creativity and resourcefulness are needed.

It’s likely you have a list of growth initiatives that you believe will carry you to the next level. Top growth-focused projects for businesses at this stage include:

  • Expanding product lines
  • Increasing marketing efforts
  • Onboarding a fulfillment partners to support growing demand
  • Hiring additional personnel to meet changing business needs.

Identifying the right resources to fuel your expansion can ensure you get and stay on a growth trajectory. But how do you do this? Continue reading “The Financial Options for Growing Your Business” →

What to Look Out for in a Post-Pandemic Economic Surge

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There has been a lot of good news on the economic recovery horizon for 2021. With summer approaching, vaccines being deployed, and trillions of dollars infusing into the economy from the governments of other major countries, the economy is beginning to show signs of heating up again. It was reported that about a 20% increase in new money was injected into the worldwide currency system in the last year. A lot more will come in still, as the US may pass laws to add another 1.7 trillion dollars for COVID-19 support and $2.7 trillion more for infrastructure improvement in the next 10 years. Similarly, China will add more magnetic floating trains among its major city links, which will be an instrument to help inject multi-trillions into the economy again. All of these factors will lead to an economic surge.
Continue reading “What to Look Out for in a Post-Pandemic Economic Surge” →

Preparing for a Pandemic Chinese New Year

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Chinese New Year is just around the corner, occurring on February 12, 2021. All of us at E-BI hope the Year of the Ox will bring peace and prosperity to the world. As we are still in the pandemic, here are a few things we would like you to be aware of.

MAKE PLANS FOR YOUR SUPPLY CHAIN WELL IN ADVANCE
Most factories have reached 100% of their production capacity as they face a seasonal surge of orders and backlogs. For houseware type products, current backlogs could last into May of this year.
Continue reading “Preparing for a Pandemic Chinese New Year” →

Closing Out 2020

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This year has posed unprecedented challenges that changed our lives dramatically. Moving forward, how can we turn 2020 around and learn from the catastrophe?

PANDEMIC STRIKES
The year of 2020 started off with the Covid-19 virus that seemingly paused the world. Country lockdowns, social distancing, and ill-stricken staff have all been contributing factors in halting business operations. Notably, a pause in the global supply chain affected businesses and consumers alike. Demands were hardly met due to freight expectations of lower demands in conjunction with a falling economy. Nearing the middle and end of the year, there was a recovery in the Asian supply chain that resulted in suppliers playing catch-up with piled up demands.
Continue reading “Closing Out 2020” →

Holiday Demands Busying Delivery Services

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With the holiday seasons approaching and ports still catching up with shipments, will the delay in receiving goods persist through 2020 to 2021?

CONTAINERS AND THE SUPPLY CHAIN
Supply chains around the world are facing massive pressure as the year closes out. In conjunction with the lack of shipping containers, a new difficultly of low productivity in handling containers at ports and terminals have also threatened the efficiency of delivering products on time. Various ports are seeing a dwindling number of staff who can help process the shipments as Covid-19 continues to claim more victims.

Continue reading “Holiday Demands Busying Delivery Services” →

Sold Out: Dealing with Supply Shortage During the COVID-19 Pandemic

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If you have visited Home Depot or any other stores recently, you will find that many popular products, such as large household appliances, are all sold out as of couple of months ago and new inventory may take over one and a half months to arrive. What is going on?

This is a good opportunity to study and evaluate supply chain operations of many products during this pandemic. From a store or retail outlet perspective, the first phase was the consumer panic in both March and April 2020, when COVID-19 entered into the US. Store sales plummeted as consumer spending hit an all-time low due to the lockdown. Store sales later surged in May and June as people were in the midst of working on numerous projects from their homes. By July, stores had very low inventories. By August, the most popular products were all sold out due to inefficient restocking processes. The depletion of the supply chain was because of the very limited capacity from mostly local suppliers with different kinds of restrictions such as delivery, warehouse, production, etc., to meet COVID-19 requirements.

Continue reading “Sold Out: Dealing with Supply Shortage During the COVID-19 Pandemic” →