On Yahoo Finance About Coronavirus, Amazon FBA, and Supply Chain
Here’s the transcript of the interview if you wish to just read:
Here are responses from friends on social media
Highlight: Alpha Rock Capital partner @michelini on the company's products on Amazon amid coronavirus: "We stock deep is our strategy always, and we were prepared already for the Chinese New Year... for now, we're mostly in stock for most of our top-selling products." pic.twitter.com/YQn2HyYYpf— Yahoo Finance (@YahooFinance) February 27, 2020
Highlight: Alpha Rock Capital partner @michelini on the company’s products on Amazon amid coronavirus: “We stock deep is our strategy always, and we were prepared already for the Chinese New Year… for now, we’re mostly in stock for most of our top-selling products.”
MERCHANTS – Coronavirus impact on the supply chain.
Great job Michael on Yahoo Finance TV today. Wishing your family a safe time in China. Looking forward to catching up with you next week.
You have been watching this closely from the beginning. So far no noticeable impact on my suppliers. Glad I’ve diversified my products offerings.
thanks for sharing Brandon, yes super scary times many have stock as we planned for a long chinese new year – the big question is – can factories get back to normal in March, and catch up on the backlog
As you and I discussed at breakfast in HK back in Oct, this will be much like it was for CNY in 2009 with a waterfall effect. The supplier’s supplier’s supplier is out of stock, no workers, can’t get parts from their supplier kinda thing. Then as you… See More
yes…. even if factories re-open — it is always a risk after CNY if the workers come back ….. this will be huge turnover….. and ya…. rushing orders – angry pushy / ignorant buyers who dont give a shit about anything but shipping on time and then QC issues……
In 2012 I had the opportunity to visit Shenzhen China. I had originally made the trip to Shenzhen for business and was there for a little over a week doing training for a newly launched website and accompanying marketing strategy. While there I had the opportunity to meet Michael Michelini
a talented entrepreneur and Internet marketer who is well versed in Co China/US commerce.
I’ve been following his vlog ever since. While it was great to see him on Yahoo Finance today, I also feel for him since the current Corona Virus has kept him and his family apart and of course is making business in Asia difficult for all.
Hear from our good friend Michael Michelini
about how supply chain in the far east are affected due to Covid-19 and how the businesses in the US, especially e-commerce companies are facing the challenges.
Gian Luca B. Goode
Interesting interview, I honestly expected it to be more number focused and technically oriented talk but I guess they need all the small talks about virus and china to appeal a broader kind of viewers.
I seriously think that march/April will be a Black bimester for so many businesses and that the economical implication of this virus are waaaay undervalued globally.
Besides gdo and supply chain issue, we will experience suffering in many areas of business: tourism, restaurants, airline company, logistics.
I mean just check Maersk report… Basically all container freight transportation slowed down to a historical minimum between Jan-Feb, no one has an idea when things will go back to normal, and when they will, there will be such an overload in the maritime transportation that will put the global system under huge distress.
Tourism-wise its a nightmare all over the world in all areas of business and regions, so many cancellation, February 2020 has already been claimed worst month in history for airline company, the only negative quarter in the recent years.
In Italy probably in less than 8 weeks many restaurants will go out of business unless we have a wonderful weather in spring and people globally get back travelling and being optimistic.
Nonetheless this virus has also some good side. It showed the worst and the best out of everyday people, it has been proven to be the 2020 black swan, and will be a big case-study for the years to come for all the underlying implication and side effect to the global system.
Wish the best of luck and health to you and your family, say Hello by me to all the ARC crew and keep rockin in Manila!