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Stanimir Dobrev
Stanimir Dobrev

Here are the things plaguing Wildberries' ecosystem right now: Customers from Belarus have been waiting for their deliveries for 6 days. Nothing is arriving. Sellers around Moscow and Western Russia can't get their goods out of warehouses and pick up points in that part of the country are overloaded. People were doing either a fire sale or desperately trying to get cargo out. And even that costs money. Pick up points in Southern Russia that were served by Krasnodar and Stavropol have the opposite problem, they haven't received any deliveries for days and are generating no revenue. These are separate private companies operating at a loss now. The compensations that are supposed to come in waves have started. The best one I have seen is people getting 1/6th of the value of the goods, not the sale price but the goods value. The worst I have seen is 0,1-0,2% of the goods value. That's a slap in the face. Chinese companies whose business model was based on unloading goods on Russian sellers or keeping small company owned inventories in Russia are in a position to take over the Russian delivery market. Or what's left of it anyway. To summarize Wildberries' logistics have almost completely collapsed. The company looks dead as does the Russian delivery service model with domestic sellers ruined and Chinese sellers are in a position to dominate what remains of this market. And the cherry on top is that Wildberries is now blocking withdraws from sellers' accounts. Trying to take as many with them as they go down.

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