The epidemic situation in Yiwu City, Zhejiang Province, has intensified. On August 11, officials announced that the city would be closed for three days. The whole city is managed and controlled as a medium-risk area. High-risk areas must stay at home, and most businesses have to suspend production and business activities temporarily. The sudden closure of the city has had a severe impact on local business activities.
Currently, Yiwu merchants cannot undertake new orders or deliver goods, and local logistics and express delivery are unavailable.
A merchant said, “Business has been greatly affected, and I can only call customers to explain one by one.” Another merchant noted that customers couldn’t come to the small commodity city to see the goods, and there were almost no new orders.
Some other traders also said that many customers couldn’t wait, so they canceled all export Christmas orders.
According to Jiemian News, many Yiwu e-commerce businessmen said business was affected, and e-commerce orders in medium and high-risk areas stopped shipping. In addition, many merchants said the platform fined them 5% of the order amount because they failed to send goods.
Li Ting, the head of a small and medium-sized enterprise in Yiwu, said many e-commerce customers stopped sales and shipments as early as a week ago. As a result, production was also affected, and they suffered heavy losses.
According to Jin Haomin, vice president of Yiwu Beixiazhu Social E-Commerce Association, the business of local small and micro enterprises must have been affected during the epidemic control period.
Yiwu is known as the Global Small Commodity Market. Since August, the epidemic in Yiwu has continued to ferment and affected local facilities and factories. August is the peak season for foreign trade shipments. However, under the influence of the epidemic and the closure policy, almost all business activities had to stop, causing huge losses.