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RTIH collects comments and comments from OnBuy, Farmstead, Drakes supermarkets and Wilko.
Cas Paton, founder of the UK-based online market OnBuy.com, reports that his business has seen sales drop 60% from sellers based only in China.
We can see that the 40% who have maintained shipping orders from sales from outside China, mainly from the UK. This represents a drop in sales of about 1 million since the Chinese New Year and the virus epidemic, he said.
When you consider that OnBuy is a start-up marketplace and the huge volumes that other large marketplaces have had to go down, it is clearly a large amount of sales that has disappeared.
Paton adds that this not only affects retailers, but also postal services, channel systems, logistics companies, collection points and fulfillment companies, as well as search engines, Price comparison websites and arguably even more companies in the funnel of buying and selling products.
With fewer businesses to buy, consumers have fewer choices and higher prices. When you take into account that other countries are also experiencing high disease rates, there is significant potential for it to affect more retailers around the world. We hope things will get better in the next few weeks / months – but if the media believes, it could get worse before it gets better, he concludes.
More positive news from the American online grocer Closed which indicates that the volume of delivery has increased by 30% this week compared to normal levels, probably due to coronavirus problems.
Lots of people work from home and everyone is trying to avoid crowded places like supermarkets, says Pradeep Elankumaran, co-founder and CEO of Farmstead.
While pureplay was low on some commodities earlier in the week, he says he has now tweaked his predictive models to better predict demand during this unusual crisis and that inventory levels are now back. So far, we have had no supply chain issues, says Elankumaran. Our staff remains very busy, but we were able to meet delivery commitments in all areas.
Loo rolls
From Australia, meanwhile, a timely reminder of the abuses that retail staff regularly face.
What happened to the common respect? With the coronavirus hysteria that turns people into toilet paper accumulators, our team puts an end to abuse as stocks run out. Abuses against retail workers must stop! John-Paul Drake, director of Drakes supermarkets, said in a LinkedIn article.
Still on the issue of toilet paper shortages, accessories à Wilko and their attempts to look on the bright side of life. We salute your social media team!
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