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E482: November 2022 Brand Report – The Problems With Having Too Much Inventory

E482: November 2022 Brand Report – The Problems With Having Too Much Inventory

FromThe Ecomcrew Ecommerce Podcast


E482: November 2022 Brand Report – The Problems With Having Too Much Inventory

FromThe Ecomcrew Ecommerce Podcast

ratings:
Length:
39 minutes
Released:
Jan 2, 2023
Format:
Podcast episode

Description

Happy New Year! We've been a little bit late with publishing this episode due to the holidays but we're back with the weekly releases.  Today, we're back with our monthly report for the month of November - we’re going to stop with the monthly report blog posts but we do plan on keeping this tradition alive for the podcast, so stay tuned for more Brand Report episodes. Do let us know how you feel by sending an email over to support@ecomcrew.com.  Since it's the beginning of winter, we've reached an all time low in terms of revenue across all our brands, mainly because most of them reach their seasonal peak in the summer months. We've seen this trend before with all of our previous years of data, so we're not too worried about it.  We're actually a little more excited than usual because WildBaby was able to survive a lot of the Black Friday rush, and we didn't run out of inventory like we usually did in our previous years. But how much inventory is too much? With interest rates also going back up, our bottom line is starting to look a little dicey for 2023.  However, despite these challenges, we’ve had a lot of wins in many of our brands. We’ve recently been in talks with our suppliers to get better payment terms, and been working with an agency to up our branding.  1:13 – An update to our Brand Report Segment   4:05 – November Revenue numbers 5:11 – Predictions for December numbers 6:06 – Sneak Peek: Not running out of inventory for December  6:32 – How much inventory will Mike be left with?  8:00 – Loss: Having too much inventory 9:06 – Loss: Interest Rates going up  16:37 – Is the risk of supply chain disruptions going down?  18:59 – Supply Chain Uncertainties: Predictions for 2023 20:11 – COVID and Chinese New Year 23:19 – Wins for November 23:25 – Better Payment Terms for Suppliers  27:20 – Will Inflation go down the same way everything has?  34:30 – Win: Incorporating UGC into our Brands  Check out the Brand Report that complements this episode for more additional details on our wins, challenges and action plans. Secret Sauce and EcomCrew Premium subscribers also get access to our monthly Income Report, which contains a more detailed breakdown of our numbers and strategies. If you enjoyed this episode, please leave a review on iTunes. We’d love to hear about what topics you want us to discuss next.
Released:
Jan 2, 2023
Format:
Podcast episode

Titles in the series (100)

An eCommerce podcast for store owners, hosted by 7-figure store owners Mike Jackness and Dave Bryant. We cover everything in eCommerce from Shopify, to Amazon FBA. From email marketing, to Facebook Ads. Never before has there been a podcast with store owners who are so candid. Subscribe to the Ecomcrew podcast today!