: COVID-19 affects sale of Chinese goods in Goa #IndiaNEWS #Goa News NT NETWORK Panaji Coronavirus has severely affected the sale of Chinese goods, including electronic goods, toys and

COVID-19 affects sale of Chinese goods in Goa #IndiaNEWS #Goa News
NT NETWORK

Panaji

Coronavirus has severely affected the sale of Chinese
goods, including electronic goods, toys and
footwear, in the capital city as there has been acute shortage of the
products.

Electronic goods and toys coming from China have jumped
out of import inventory owing to the COVID-19 outbreak, which has made
difficult for distributors to make purchase in China and keep the stock ready
for smaller retailers across country including Goa.

The traders of Chinese gift items in the city market said
that there has been no supply of goods for the past two months as import link
has been snapped amid extended shutdown in China.

The situation may worsen in coming days, they said.

As a normal business practice, the retailers keep a
buffer stock for 45 to 60 days. But such a buffer stock will exhaust within a
few days, which will affect their
business.

The traders said that new products from China will come
by June, and in the interregnum there could be a rise in price of the products.

Ã¢Â€ÂœWe are losing customers because we are running out of
product inventory. But we cannot do anything about it. We may have to shut the
shop for time being after the existing stock gets over,Ã¢Â€? a Chinese gift article
seller said.

Ahmed Bellar, who sells mobile covers and accessories,
said their product inventory has been running low. Closure of factories in
China means they may not be able to get Chinese products.

Ã¢Â€ÂœThe cost is likely to go up if the supply does not
resume soon. Hence I will not sell all my goods. I will try to hold out for a
few months.

Footwear traders also rued against the downturn in the
business since the outbreak of coronavirus: China dominates the footwear sector
supplying over 70 per cent footwear accessories and components such as laces,
shoe lining, buckles, insoles, outsoles, foam and packing material.

Ã¢Â€ÂœWe will soon run out of stock. We cannot update our
stock with latest trends due to the lack of fresh supply. Fresh supply will
definitely come with a price hike,Ã¢Â€? said Tejas, a local footwear trader.
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