Archive of Category: Economics

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Supply Chain Management in China for Omnichannel Retail

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Over the years, numerous retail enterprises have been transitioning towards online stores and shopping, with the pandemic acting as a catalyst for this transformation within the realm of supply chain management in China. For the end user, this meant new choices and new experiences, real multiple channels to buy merchandise....

Nightmarish Tales of China Sourcing: Time, Money, and Toy Dolls Gone Rogue

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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...

The Seven Deadly Sins of Importing From China

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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...

In Search of Experience

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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. ...

The Resilient China Supply Chain

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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...

“Made in China” Pt 2 – Background of China Sourcing and Production

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As we wrote in our last blog, “Made in China” – Quality and Perception: Intro, China sourcing has historically been associated with cheap goods with questionable quality. In this blog series, we’ll explore how China ended up with this reputation and what technological and economic advancements they have made to...

The 2 Rules Importers Should Know About Politics and China Sourcing

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“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...

The RMB Devaluation: Is Your Supply Chain Benefitting?

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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...

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