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...
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...
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...
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...
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. ...
The China supply chain has evolved a lot since we got started 40 years ago. During those 40 years, we, at CPG, have learned many lessons that have helped us build our business, establish our knowledge base and create a name for ourselves as specialists in China sourcing management. I...
A few weeks ago, we started a series about how the role of sourcing agents has evolved to adapt to the age of ecommerce and the instant availability of just about anything on the internet. A couple weeks ago, we published another segment to that series: China sourcing agents: Past,...