The global economy is yet to recover from the after effects of the perilously deep recession. Europe remains under the grim clutches of a sovereign debt crisis and the USA is facing a fiscal cliff in 2013. Global demand is slowing and for the workshops of Asia, in order to...
Unknown to many, there exists a small city by the name of Yiwu that has been the first sourcing choice of many foreign companies. If you want to know more about sourcing in Yiwu then this entry will give you a brief understanding and introduction about this unique city. Yiwu...
Quality fade is a supplier’s behavior of progressively degrading the quality of the products to earn more profits. When a factory voluntarily participates in quality fade, disputes may arise between the buyer and the supplier, which can ultimately lead to early termination of agreements. Quality fade is not an unknown...
Typically, as soon as a purchase order is signed with a factory, an important next step is to engage in order follow ups. This is to ensure that your suppliers are in line to produce the correct product, level of quality, special requests, shipment dates, etc. However, there can be...
Anyone who has dared venture outside their apartment door is immediately greeted by the diverse sights and smells that a cultural hub like Beijing has to offer. One particularly poignant sight is the 8am rush on the Beijing subway. On the streets above, pedestrians constantly bump into each other, cars...
When working through a proper sourcing process, one important step to understand is dealing with a Request for Quotation (RFQ). This is a standard business process that allows suppliers to place bids on specific products or services. Here are 3 great tips to a get the quotes you are looking...
China continues to make changes year after year by continually adapting to the international market. Sourcing from China can be a fantastic way to improve your business, but it certainly is not easy. There are countless scenarios where a supplier can end up disappointing a buyer, many of which I...
Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” It is true that no enterprise in the world can avoid paying taxes, which poses the question: What taxes do Chinese factories currently pay? The following post will outline the various types...