During the recent years, we have seen many big changes in this world.
For example, from 2018 to 2019, the trade war between China and the U.S. created obstacles that limited China’s trading abilities to a degree. Up to date, this war has never had an official end, if not develop to become even worse in the future.
From the beginning of 2020, the COVID-19 pandemic erupted and the whole world experienced something like never before, with countries going into lock-downs and closing their borders, which also put China into an disadvantageous position as many factories couldn’t operate normally with the up-streams and down-streams being cut off. This led to the temporary collapse of the industrial chain, which significantly decreased trading quantities globally.
We have integrated the current state of the pandemic as well as the trading industry, concluding that there is a variety of notable“dilemmas” and “opportunities.”
- Increase of pricing of raw materials: In the car spare parts, the chassis mainly uses steel as the base material, however, considering that prices for steel increased 50%-80% from last year to this year, the price of production automatically increases enormously
-Increase of value of the Chinese Yuan (CNY): The rate of 1 USD was to 6.5 CNY during January this year, but from June, it dropped to 6.35, notably decreasing the profits of many companies
-Skyrocketing shipping fees: Lots of countries in the world remain in devastating conditions with the COVID-19 pandemic, leading to a scarcity in staff and shipping contains pilling into mountains waiting to be shipped from the ports; many of the largest ports in Asia frequently have conditions such as loss of containers or insufficient shipping space, leading to the skyrocketing of shipping prices, with some increasing up to 1,000% in specific routes
- Remaining demand: For the entire spare parts industry, the demand remains unchanged, with LONGWIND’s sales quantity increasing, instead of supposedly decreasing. According to the report released from China Customs, in the first 5 months of 2021, China’s import and export value totaled 14.76 trillion Yuan, increasing 28.2% from last year, which was also a 21.6% increase from the same period in 2019. If we observe it monthly, China’s import and export value also remains increasing, with the value being 3.14 trillion in the month of May of 2021, increasing 26.9% from May of 2020
-The small-amount multiple-purchase scheme: During the COVID-19 pandemic, it’s a great opportunity to getting access to new suppliers and having more chances to getting better value for money with better quality. Many buyers wait and observe the market, or stop placing orders because their original supplier is offering extremely high prices. LONGWIND offers a variety of Korean and Japanese chassis’ with an abundance of ready stock, with no minimum order quantity (MOQ). LONGWIND wishes to give all of its customers a capable and reliable shopping experience, with products that come with great value and durable quality. The small amount multiple-purchase purchasing scheme allows for the customer to pay small amounts for many times (i.e. if you want to purchase 10,000 USD worth of products but you only want to spend 2,000 USD for now, you are eligible to purchase 2,000 USD worth of products as we don’t have a MOQ) , which reduces the financial risk of the customer, giving the customer a safe and secure purchasing desire
-Reliable shipping service: Despite the shipping conflicts that we’re facing nowadays, LONGWIND uses the same freight forwarder for more than 20 years, so we can ensure that they have the ability and reliability to provide port-to-port shipping services globally like popular African routes, to South American routes with door-to-door services (and COSCO, MSK shipping companies)
-Low prices, high quality: Although the price of raw materials have increased significantly, we have large amounts of stock with hot-selling products, with the prices of all the products at prices before the increase
With the platform that LONGWIND provides to help you get through this hard period, why don’t you give it a try?
Sincerely, the LONGWIND Trading Company
From Ningbo, China
Post time: Jul-19-2021