Before COVID19, it was very common for suppliers to travel the US to meet with clients, and for importers to travel to China to meet manufacturers and attend fairs and expos. Such travel would often occur 3-4 times per year. A couple of weeks ago, we said there would be...
“Social distancing” is making an impact on all businesses across the country. This change in behavior is another major disruption caused by Covid-19. How else is the virus affecting YOUR business? More to the point: are smaller importers affected the same way as larger corporations are? Last week, we reviewed...
The COVID-19 coronavirus is going to have a major impact on the global economy, this is now undeniable. We discussed the various impacts of the virus around the world in our last blog, “Covid-19 Affecting Your Supply Chain?” While the pandemic affects everyone—individuals and companies alike—one of the hardest hit...
“Things are going very well with China” tweeted Trump after imposing new tariffs on China imports. The stock market crashed on the news. Easy fix: Trump backed off the tariffs on Tuesday and the stocks rebounded. But then they crashed again, worse than before. I wrote the previous blog in...
Armageddon: “the prophesied location of a gathering of armies for a battle during the end times… The term is also used in a generic sense to refer to any end of the world scenario” - Wikipedia If you let your imagination run wild, and you try to picture where this trade conflict could...
In January I made a prediction on what would happen in March, namely: “… it will get better, … the new 25% tariffs will not be imposed and … previous tariffs will be reduced over time.” Time for me to eat humble pie. Here we are in June, and after...
The impending tariffs and the trade war with China have been an ongoing and popular topic in the press, and an especially important issue in our business. One of the benefits of this kind of activity is that importers are focused on reducing COGS (Cost of goods sold). A recent...
China has gone through some major economic changes in the last 2 decades. Some of which probably affected how you buy and what you buy in China. In a recent article from Stansberry Pacific Research’s Asia Wealth Investment Daily, we found a great review of some of these changes. Worth...
