Reports reveal that almost 32% of people have reduced their outdoor movements, and 52% are avoiding crowds. Even the stock market has become extremely volatile due to this global pandemic. Although the sellers in this marketplace are using TMS software to maintain the flow of products, the situation is getting troublesome with disruption in supply. The Covid-19 outbreak happened in China recently in the month of December, and it took very little time to spread all over the world. Also, those who are still selling may suffer the same situation in the few days depending upon the product and supply.
50% of the sellers are now looking for the source of a product outside China. 11% of the sellers are raising the price tags for their products. 36% of the sellers are now declining sales.
Below we have discussed these conditions in detail:
The decline in sales due to Coronavirus:
Even if some of them have not lost the sales yet, 48% of them are pretty sure that they will lose it in the near future. Depending upon the type of products, almost 13% of the sellers are still not worried about coronavirus outbreak as they say it is not going to affect their kind of supply. Many of them are already experiencing a rise of 8% in their sales.
11% of sellers have raised prices due to Coronavirus:
Search for a new source of products outside China due to Covid-19:
As supply chains from China are suffering greater delays, many sellers are now looking for product sources at some other places. 49% of the imports from China have slowed down, and 32% of sellers said that suppliers have already closed the services. The other 31% reveal that they are facing difficulties in building connections with the suppliers. They are trying to use TMS software as much as possible for planning, executing, and optimizing shipment of essential products from different locations. Due to the virus outbreak, people are getting more panic, and they are trying to place bulk orders for hand sanitizers, bottled water, disinfectant wipes, protective face masks, and toilet papers. But at the same time, customers are advised not to make unnecessary storage of products at home. As news channels are over-dramatizing Coronavirus impact, instead of getting panic, people need to follow adequate guidelines to stay safe. The app downloads have also surged due to coronavirus impact, so people are suffering varying levels of difficulties. If the pandemic continuous, the situation may get worse with time. The virus may impact many big brands and the common people as well. Everyone just needs to stay prepared for critical times. Author Bio: I’m Jaylin: SEO Expert of Leelija Web Solutions. I am a content manager, and the author of freeopenbook.com and a full time blogger. Favourite things include my camera, travelling, caring my fitness, food and my fashion. Email id: [email protected]
