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...
We like to read good blogs, especially those relevant to management and the China supply chain. In doing so, we found there is a lot of material out there, but good China sourcing management information and advice is hard to come by. Hard, but not impossible. Below is a round-up...
We came across the following quote from Peter F. Drucker and it got our wheels turning. When you think about it, we are all in the business of time. “Effective people know that time is the limiting factor… Time is also a unique resource. One cannot rent, hire, buy or...
Many people believe that the ability to multi-task is a fundamental skill for increasing productivity, especially when applying this idea to the China supply chain–but this isn’t always the case. According to this article, multi-tasking can be counter-productive; it also reduces intelligence and makes you perform slower, not faster. In...
A China sourcing office is the best way to support a sourcing program: all your issues are addressed from placing orders to quality assurance to on time delivery. But (there always seems to be a “but”) it requires an investment. How do we know all that? Well, we have one,...
Chinese wholesale markets are a great tool for anyone looking to experiment with importing goods for their small business. In this guide we will cover wholesale markets in China, important tips on dealing with wholesale suppliers and importing. Why source from wholesale markets in China? Wholesale markets in China are...
China has been known as the world’s factory for a long time, but it may finally have some competition. Vietnam is becoming a close second supplier for many major importers. In this blog, we’ll explore why China continues to be the world’s factory, despite the fact that some importers are...
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. ...
