For those involved with global sourcing, we trust you experienced three unusual years since Covid broke out at the end of 2019. If you have been sourcing high volumes of “Made in China” goods, do you trust China more or less given the challenges that emerged alongside Covid? From our...
Current tariffs and selling restrictions with China have been an ongoing and popular topic in the press and an especially important issue for businesses sourcing from China. One of the benefits of this kind of activity is that importers are focused on reducing COGS (Cost of goods sold). A recent...
For many years, importers thought long and hard about moving their supply chain to China because of the “poor quality” stigma. Despite vast improvements in quality over the last 30 years, many people ignore the fact that, for instance, super-high-quality electronic products are made in China (see the first...
Last week’s blog touched on Alibaba as a platform for buyers and how it may be different from “doing it the hard way” like traditional importers do. If you haven’t read that blog yet, you can check it out here. In that blog, we spoke about what sourcing with platforms...
In the game of business, there are two categories of players: the buyers and the sellers. When negotiating contract terms, the buyers have the upper hand and the sellers cooperate for obvious reasons – they want to close the sale. Most of the time, buyers are well prepared and know...
In the past, we have had plenty of experience with companies that are just getting their start with sourcing from China. Either they are moving part of their supply chain there, or they are creating a new supply chain from scratch. One thing that most new China importers have...
Have you found your dream manufacturer in China? Are you ready to confirm your first order? Here at CPG we suggest you ask yourself four quick questions before you sign on the dotted line. Are they communicative and responsive? Right now, you and your prospective factory are in the early...
The importance of the PSI All inspections are important, but if there is only one inspection that can or must be made on a shipment, it is this one: the Pre-shipment Inspection or the “PSI”. The objective of the PSI is to verify that the goods you have ordered have...
