Etsy sellers increase local purchases to ensure sufficient goods!

According to the latest news, more than 90% of Etsy sellers said they source from their own country or region . In addition, about 50% of US sellers said that all their raw materials are obtained from their own state, so the supply chain has not had much impact on them.

According to a survey of small businesses conducted by foreign media on Saturday , more than a third of respondents said they planned to patronize local businesses this Saturday , a figure that exceeded 30% last year but was lower than 39% in 2019.

In addition, 72% of the 2,700 adults surveyed said they have seen price increases in the past three months , 62% have seen stores with "low" or "out of stock," and 51% have seen shipping delays. Nearly half said they are concerned that supply chain issues will affect this holiday shopping season.

Relevant people said that changes in consumer preferences may boost Etsy's sales this year . In addition, many people have expressed their willingness to support small businesses.

One entrepreneur on the platform who makes wooden pole tables, which can be used for patio heaters, umbrellas and basement poles, said his sales this month have increased by about 900% compared with the same period last year , and he has sold more than 500 tables on Etsy alone.

In addition, some sellers said that their inventory is currently sufficient and they hope that this holiday will enable them to recover from their previous losses.

It is understood that most Etsy sellers run their shops from home and purchase raw materials near them. Even when large retailers are facing supply shortages, Etsy still has sufficient inventory in categories most affected by the supply chain, such as toys and furniture.

Currently, the site has more than 90 million items and 5 million sellers, up from 2 million before the pandemic. Etsy CEO Josh Silverman said the company is optimistic that it will have another major holiday this year. Many sellers began stockpiling goods in August and September to prepare.

It is understood that not only Etsy sellers, but many foreign retailers are also increasing local purchases to solve the problem of holiday merchandise stockpiling.

Etsy

Local Procurement