Coronavirus Update with Chris Davey, Steve Simonson and Kian Golzari

Jodea Pearl Abalos
February 17, 2020

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In this episode, Chris Davey, Steve Simonson and Kian Golzari joins us with updates on COVID-19 (novel coronavirus) from the ground and news from the factories in China.

Statistics and factories reopening

Cases have shot up from 2,000 to 14,000 — China is now reporting on clinical tests. Most of the cases are in Hubei.
Keep in touch with the people on the ground to get stories right.
For instance, Chenzhou only got 8 cases. Hubei is a different story.
Each province differs and the date when factories go back to work, depends on their location.
COVID-19 or Novel Coronavirus map and data: http://www.centerforhealthsecurity.org/resources/COVID-19/index.html

Who are at risks

Based on some cases — it can be anyone at risk.
Connect with your factories, ask “how they are” and not just ask about how your orders are being affected.
Ask how they are doing, common courtesy. Do not ask business questions right away.

Back to work?

Offices are back to work, but for factories some are saying they will be opening March 1st.
- Get information from your factories. Stay connected.

Impact to business

There are purchases ahead of time —
- Some are pending shipping on ports WHEN ports will open again.
- We have materials already in stock.
- And none of them are back in production.
- People can not get to work because of the government imposed restrictions.
Supply lines will dry out BUT you can re-route production in other factories but that is applicable only in factories outside China and with Chinese ownership.
A lot of delays and check with your freight forwarders– people in customs are not back to work yet and you can get a lot of charges in the ports for storage fees.
Make sure you are shipping at the right rates.
Small factories will be impacted.
Your factory may be ready to work but somehow somewhere there is an issue with supply getting tied up.

Essentials – Take Note!

Communicate with your freight forwarders and suppliers
Be prepared for a lot of chaos and uncertainty.
Be patient and reasonable.
Keep calm. Whining will not get you anywhere.
Check raw materials and workers FIRST before sending money out to factories.
Do a pre-inspection and post inspection
Look for gross-profit contribution. You might need to raise prices BUT this will affect your ranking and the buy-box.
Ride out the wave! Do not ramp your prices up too much.
We are in this business to solve problems.
This is a key opportunity to strengthen your relationships.

To get help, or if you have any question then get in touch with us: danny@databrill.com

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↪️Saturday May 9, 2020 ?Here’s the link to book your tickets http://bit.ly/ssl2020uk
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About SellerSessions 2020

Our venue this year: The David Game Keynote Theatre, with tiered seating.
This year we are supporting a charity and a portion of the proceeds will be given to Tomy’s pioneering studies for prevention of babies born asleep: https://www.tommys.org/
We will give away 5 FREE tickets for single-parent Amazon sellers. If you know anyone please get in touch to get the details.
Confirmed speakers and more to come:
- Brandon Young
- Dr Yev Marusenko
- Destaney Wishon
- Zack Franklin
- Nadine Schöpper
- Liran Hirschkorn
- Ivelin Demirov
- Dr Ellis Whitehead
- Paul Harvey
- And yours truly, Danny McMillan. I will be hosting the show and speaking on a topic.