Alibaba to offer manufacturing suppliers B2B ecommerce training
Alibaba is set to launch a program next month called the Digitization Sprint for US manufacturers, which will provide training on how suppliers can attract buyers through B2B ecommerce channels. Manufacturing companies with less than 500 employees are eligible to sign up.
The training will include ecommerce fundamentals, digital advertising, how to take photos of products and lead generation. There will also be training provided from organizations such as the Brooklyn Chamber of Commerce and Brooklyn Navy Yard. It will include bi-weekly webinars, office hours with subject area experts and other informal meet-ups over Zoom.
The sprint came as the company released findings of its B2B small business survey, which found substantial growth in the adoption of B2B ecommerce for the first nine months of 2020. The pandemic has accelerated the digitization of US B2B small to medium sized businesses. 42% of businesses have increased their online B2B transactions, 38% held them at the same level, and just 20% decreased online transactions in the previous six months compared to the same period in 2019.
An increased use of ecommerce marketplaces can allow a seller to reach a much larger pool of potential buyers, but there are also benefits for the purchasing organization too, such as a large selection of vendors and more transparency in terms of product and pricing.
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Japanese exports decline slowly as US-bound car shipments increase
In September, Japan’s exports fell at the slowest pace in seven months as US-bound vehicle shipments increased after being impacted by the COVID-19 pandemic, which indicates that pressure is easing on the world’s third-largest economy.
Compared with the same month last year, Japan’s exports fell 4.9% in September. Prime Minister Yoshihide Suga plans on ordering his government to compile another stimulus plan as early as November in order to support consumer sentiment at risk from another coronavirus wave.
However, the slowing decline in exports is just one sign of gradual economic recovery, such as a pickup in factory output. Production has recovered substantially, but the pace will likely slow down. Shipments to the US rose 0.7% which was the first increase in 14 months. It was driven by stronger demand for electrical power machinery, as well as passenger cars, whose numbers rose by 18%. Marcel Thieliant, Japan economist at Capital Economics, said that imports of goods and services may return to pre-virus levels until the end of 2022.
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Amazon starts early holiday deals less than 2 days after Prime Day
Less than 48 hours after Prime Day ended, Amazon already moved on to offering early deals ahead of the holidays. Prime Day generated more than $3.5 billion in sales for small and medium-sized businesses after it was forced to postpone the event from July to October as a result of the coronavirus pandemic.
Last week, the company launched its Holiday Dash sales event, which is a way for shoppers to beat the holiday hustle this year. It features a range of early holiday shopping deals every day across a number of categories, including toys, fashion, electronics and home goods.
Rivals pulled the holiday shopping season forward a month earlier, and companies such as Amazon hope that their earlier start to the holiday shopping season will ease some of the load and avoid any strain that could be generated on the supply chain. Black Friday and Cyber Monday deals are also expected to be mostly online in order to reduce crowding in stores.
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