Predictions for the hottest toys for Christmas are out

Christmas is one of the most popular holidays for children.
It is the time of year when children receive gifts from Santa Claus and toys are also popular. In 2019, Christmas was disrupted by a general strike in France, and in 2020, it was overshadowed by the pandemic. This Christmas season, parents are hoping to give their children a “real” Christmas.

The French Toy Association and the NPD Group revealed the Toy sales trends for Christmas 2021 at the 9th Annual Stars Toy show. Sales of Toys in France are expected to grow during the 2021 Christmas period, despite continuing supply chain problems.

According to NPD Group’s global toy industry experts, toy product sales from the beginning of the year through the end of September were up 22 percent compared to the same period in 2020, and even compared to pre-pandemic levels, they are up 6.3 percent. In-store sales of toy products increased 7% compared to 2020, and online sales also increased year over year.

According to the NPD Group, Christmas 2021 will be filled with colorful toy offerings. Building blocks (up 10 per cent) and board games and jigsaw puzzles (up 22 per cent) have been growing over the past 18 months and are expected to continue to dominate over the Christmas period. Meanwhile, out-of-the-box toys, collectibles, plush toys, make-believe kitchen toys and children’s products will also energize toy sales for Christmas 2021.

Pull power limit, it is a mean that the country adjusts to the national economy

First of all, winter season is coming soon, countries to protect the supply of coal, it is the people’s livelihood problem, second, can slow down the pace of China’s exports, rising sea freight, export is too much, too strong demand, export quantity after electricity slowed, cargo ship company will certainly after sale attract less supply of goods, again, is to promote energy-saving enterprises to upgrade.

The price of a product depends on cost, which mainly includes raw materials, labor, financing costs and wastage. Then there’s supply and demand. In the past, foreign demand for China has been greater than supply in the market. Why can’t the price of Chinese products be raised? In fact, what we are talking about is not raising prices, but increasing profits.

The increase of market price is synchronous with the increase of cost, and the profit is still the original proportion. For the terminal foreign customers, even if the price of Chinese products does not rise, the high sea freight price has caused the terminal purchase cost to rise, so they will try their best to lower the purchase price in China. Also, China has too many factories for similar products.

Qingdao’s first cross-border e-commerce retail import and export return center warehouse was launched

On September 26, weihai Comprehensive Bonded Zone completed the first batch of 129 returned goods in Qingdao Customs Area, marking the official operation of the first cross-border e-commerce retail import return center warehouse in Qingdao Customs Area.? It is understood that weihai comprehensive Bonded Zone cross-border e-commerce return center warehouse is operated by Hong Xin Supply Chain Management Co., LTD., which enjoys three policy advantages of reducing enterprise operating costs and time costs, improving the supervision efficiency of the whole process of returns, and promoting the healthy development of cross-border e-commerce retail import business.? It is worth mentioning that on September 10, the General Administration of Customs issued no. 70 announcement, deciding to comprehensively promote the cross-border e-commerce retail import return center warehouse mode. ?

Supply chain problems have led to higher coffee prices

The price of coffee at Horse Coffee in the United States has risen because of supply chain problems caused by persistent droughts and frosts that have hit coffee production in Brazil and pushed up the price of popular Arabica beans.

According to the latest data released by the China Chamber of Commerce for Import and Export of Textiles, China’s apparel exports totaled 71.5 billion U.S. dollars in the first half of this year, up more than 40 percent year

Under the impact of the epidemic, “order backflow” in the textile and garment industry has become the focus of the industry.
Textile companies said their filament exports increased by nearly 60% in the first half of the year as the garment industry in India and Southeast Asian countries was hit hard by the COVID-19 pandemic and some orders were diverted to China.


According to data from China Textile And Apparel Association Industrial Economic Research Institute, India has exported textiles and apparel worth us $21.67 billion in the fiscal year 2020-2021, down 19.3% year-on-year.
CCTV reported that Indian garment companies have lost a large number of garment export contracts due to the inability of workers to go to work amid the new outbreak.

In the first half of this year, the US economy grew by 6.5% and China’s economy grew by 12.7%, narrowing the GAP between China and the US.

The United States has been the world’s largest economy for 125 consecutive years. However, as the US is being bitten by inflation caused by excess liquidity in the market and burdened with $28.5 trillion in foreign debt, its economic prospects are not optimistic.
The GDP gap between China and the US in 2020 is 6.2 trillion US dollars. According to the economic growth forecast of Goldman Sachs, a well-known investment bank, China’s GDP will reach 110.12 trillion yuan (about 17.05 trillion US dollars) next year, while the US’s GDP in 2021 will be about 22 trillion US dollars. The difference in GDP between the two is $4.95 trillion.
As a result, China’s GDP gap with the United States has narrowed by $1.25 trillion (about 8.07 trillion yuan).

Christmas tree prices have skyrocketed in the United States

Congestion of cargo ships at ports, quadrupling of average container freight rates.?Christmas tree prices have skyrocketed in the United States ?

Christmas is still some way off, but the price of Christmas trees in the US is already soaring.? Some Christmas tree retailers in the US have raised prices by 20% to 25% to cope with soaring shipping costs, foreign media reported.? They warned that deliveries from overseas producers were being affected by congestion in distribution networks from Asia to Chicago yards in the US. ?

In addition, the ongoing heat wave and drought in many parts of the United States this year has had a devastating effect on many trees, threatening even the large number of Christmas trees planted in the Pacific Northwest and threatening to run out of some popular varieties this year.? American consumers facing a shortage of Christmas trees and soaring prices may have to buy artificial ones for the holidays. ?

70 container ships waiting to berth

The port of Long Beach in Los Angeles is moving toward a 24-hour operation
Global shipping prices have more than quadrupled from a year ago
A large portion of Christmas trees sold in the U.S. come from Asia, but record shipping rates for containers have forced U.S. retailers to raise prices to cope with rising shipping costs. The average shippin?g price for a 40-foot container around the world has more than quadrupled from a year ago to more than $10,000, according to the Global Pricing Index of London-based DRE Shipping Consultants LTD.
Ships have been forced to drift in SAN Pedro Bay in record numbers as all anchorage along the California coastline fills up with ships loaded with containers. Snapshots from MarineTraffic, the online ship-tracking service, have needed to zoom deeper into the ocean as new queues are created every day.

At the ports of Los Angeles and Long Beach, two of the nation’s largest maritime gateways, 95 ships were lined up for berths, according to the Southern California Maritime Exchange on Monday. Of the 95 ships in the queue, 70 are container ships. Notably, 37 ships — including 29 container ships — were forced to drift in the Pacific.
In the process, ships often drift for miles and then return to their original position, which tends to use a lot of fuel. Ships at the back of the queue now have to wait up to three weeks for berths to open.

How do importers deal business in China

China is the largest export market in Asia.

Although the external environment facing China’s foreign trade development in the future is still severe and the factors of instability and uncertainty increase,

Chinese products are highly competitive and have the ability to quickly turn around
Market diversification has achieved remarkable results, and exports to the EU and countries and regions along the “Belt and Road” will continue to grow steadily
Stable foreign trade policy is continuously released
A moderate depreciation of the name currency will help ease export pressure to a certain extent.
From a general perspective, with the gradual normalization of the new COVID-19 epidemic in the future, global trade demand will further heat up, and the external market will drive a strong economic recovery in China.

Here are some basic steps to start the business in China.

1) Select the suppliers

Define what kind of suppliers you want to cooperate, e.g. OEM, ODM, or JDM. The suppliers can be searched from international platform, e.g. Alibaba, Amazon, Shopify, or trade shows, etc.
make a supplier audit to understand the situation of the supplier about the capability, scale, QMS, Social accountability, etc., and verify if it is a real and reliable manufacturer. (KFQ can help on this)

2) Sign the agreement

Sign the contract how to cooperate, specify the responsibilities, and protect the interests for both parties, e.g. IP.

3) Negotiate and make the contract/PI

Search/design the products you are interested, confirm the quotation, and sign on the Proforma Invoice.

4) Review the samples and make down-payment

To play safe, ask the supplier to make post production samples, evaluate the function, safety and salability, and then make the down-payment for the commencement of the production.

5) Control the quality at various productions stages

Perform inspections at different production stages, e.g. Initial production, During production, or Pre-shipment, to ensure the goods produced meet your requirements and delivery on-time. (KFQ can help on this)
Supervise the container loading to ensure right goods are stuffed into the container. (KFQ can help on this)

6) Make the balance payment per payment terms

If you are satisfied with the goods quality, release the shipment and make the balance payment per payment terms, e.g. PIA, LC, NET XX days, etc.
To maintain the sustainable good relationship, the importer and supplier should mutually support each other, and respect the contracts/agreements.

 

Chinese consumers spend $70 billion a year on imported food,E-commerce has gradually become an important channel for consumers to buy imported food

The imported food products covered in the white paper include fruits and vegetables, meat, poultry and eggs, aquatic products, cold drinks and frozen products, milk and dairy products, cooked food and bakery products, non-staple food of cereals and oils, casual snacks, drinks and beverages, and baby food. Among the surveyed consumers, 57.5 percent of the total food consumption accounted for more than 10 percent of imported food, up nearly 5 percent year-on-year.

With the upgrading of the supply chain, the categories and sources of imported food are becoming more and more diverse, and more and more countries and regions’ delicacies are serving on the tables of Chinese residents. From 1997 to 2017, China increased its food imports from 108 countries and regions to 170, covering 73.9% of the world’s countries and regions.

With the continuous development of the domestic food e-commerce industry, the operation mode of the online platform represented by cofco has become increasingly mature, and the supply chain has been upgraded from source to circulation in an all-round way, helping more high-quality imported food reach the table of Chinese consumers.