Attending these trade shows & summits gives potential buyers the opportunity to meet and vet suppliers as well as evaluate their products in person. Sam Boyd, founder of Guided Imports typically speaks at these events and each year they seem to get more popular, which makes them a great place to network and build relationships with suppliers.
Alibaba, while still the 800 pound gorilla, has seen a bit of a decline in market share lately due to both competition and the fact that they were added to the “blacklist” by the United States Trade Representative arm of the government.
However, it has been a recurring theme with Alibaba, and when Jack Ma, Alibaba’s founder, boasted in 2014 that fakes were often “better quality and better price than the real names” — it didn’t exactly bode well for Alibaba’s chances of staying off the Blacklist.
The New King of the Hill (sort of)
In any case, it will be interesting to watch what happens in this sector as competition heats up and the big boys try and stake their claim as King of the Hill in the ecommerce industry as it relates to China sourcing.