14 posts tagged "International Trade"
The next AirPods you buy for your iPhone won’t likely have the label ‘Made in China’ on the packaging. Ever since the trade war began, tariffs on various products like handbags and electronics have risen.
FREE Sourcing Cheat Sheet. For years now, China has been providing the cheapest products to source by many manufacturers and retailers outside of its country.
Purchasing from a foreign country is a long process, and sourcing agents are there to guide you through it. They are your right-hand team for everything from product development to supplier prospecting to contract negotiation to quality control.
What about China? For now, China seems to be relaxed, and their response has been limited, except for the import taxes on US imports.
Chinese manufacturers have found their position in the market – low cost products. With this, they are making cutting edge and superior items accessible.
Although this can be confusing why Nike outsources across so many countries, it's better business for the company.
As one of China’s largest trade fairs, the Canton Fair is co-hosted as well by the Ministry of Commerce of China and People’s Government of the Guangdong Province.
When it comes to sourcing products and materials from China, many people look to Alibaba, the world’s largest B2B marketplace.
The deal can be regarded as a strategic partnership, considering that the agreement will be beneficial to both countries. Basically, Australian goods or products such as live cattle, grains, beef, steel, and dairy will benefit from the agreement because of the lowering of tariffs.
Learn some of the basics on importing, from identifying the right manufacturer and how to save on freight.
Are you launching a new business? Perhaps your established company is preparing to find a new overseas manufacturer?
You cannot underestimate the value of a good international freight forwarder. But, the logistics side of the business is a complicated one.
The manufacturing industry is evolving, and so too are customers’ desires – it’s up to your business to evolve with them.