For those new to China sourcing, some of the lingo can seem confusing. In this blog, we’ll summarize the top 10 terms most commonly used in supply chain management that all importers should know. Glossary of Sourcing Terms: -Blanket Order: This is a purchase order in which the buyer places...
If you are new to China direct buying or your supply chain management in China is new, it can be easy to overlook US customs. When you have good communication with your manufacturer, unexpected issues—such as your items have been refused entry or the customs tax on this container of...
There are many delays that can occur when sourcing from China, but most can be avoided or minimized with the right preparation. Below are a few tips that can reduce the risk of delay and mitigate its damage when it occurs: Place orders early: You’ll want to start the sourcing...
As we all know, Christmas and Thanksgiving in the U.S. can cause delays in business due to scheduled closures. But did you also plan for possible delays due to holidays observed in China? If you buy direct from China, you need to know exactly how these holidays affect Chinese exports....
Background Getting a foothold in a burgeoning market can be daunting. Every decision can make or break your venture. Trying to manage this process while sourcing in China only compounds the challenge. As Environmental, Social, and Governance (ESG) concerns began to dominate the business marketplace, one promotional products company had...
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...
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...