Buying from China is exciting, but it is also complicated. This is why most importers have trusted agents in China for sourcing. The role and benefit of sourcing agents is a topic that often comes up and we have covered it in a previous blog, (See Are You Leaving Money...
Once upon a time, in a world where every product seemed to bear the tag “Made in China,” there existed a treasure trove of China-sourcing horror stories. These stories will make you cringe, shrink, and pity the companies involved. From recalls that threatened global giants to rogue toy dolls in...
Importing from China never comes easy, but it doesn’t have to be impossible. Despite difficulties, there are a number of ways importers can make their sourcing supply chain run more smoothly. At the same time, there are a number of ways to make China sourcing seem impossible. One good way...
Experience: “Knowledge and skill gained while doing something” (MacMillan). Experience is a fun topic. In politics, those who have a lot of it worry they are too old, and those who don’t have enough argue it is not important. Kissinger is 100 years old, is his experience valuable? You decide. ...
As we emerge from the Covid19 supply chain nightmare and dust ourselves off, we note that some companies were able to react immediately to market opportunities. They placed orders and planned deliveries, secure in their knowledge that their supply chain will deliver. Those companies did really well when the market...
“China Hating” is a popular thing to do in politics. It gets votes for Democrats and Republicans alike. It also affects companies that import from China. So much so that many are becoming concerned and wondering about the future of their supply chain. Should importers stop buying from China because...
Amid the trade wars and the tariffs, the RMB is weakening against the USD. By the end of January 2018, the rate was 6.2. On July 11, 2018, the exchange rate was 6.68. As of October 15, 2018, it was 6.92, as pictured below. The question is – can your...
In the current climate of new tariffs, many importers are unsettled and worried. This is partly due to the disruptive effect of changing rules and also due to unclear information. I mean, tariffs are confusing. Many importers are wondering whether they will still be competitive with their current supply chain. ...