by Insight Team | Mar 2, 2021 | Product Inspections, Quality Control
Once you’ve decided to import a product, you need to identify a suitable supplier for that product. You may reach out to several manufacturers for quotations and product samples. And when you’re happy with one, you’ll place an order and make the required payments. But...
by Insight Team | Feb 22, 2021 | Sourcing
The global pandemic, US-China trade war, and increased labor costs have all put a dampener on China’s manufacturing dominance. In addition, a shift in China’s manufacturing niche to more high-end consumer goods, has paved the way for developing countries to get a...
by Insight Team | Feb 21, 2021 | Supply Chain Management
When importing consumer products, it is vital to understand the different supply chain risks that might affect your business and take appropriate steps to mitigate them. These risks can manifest themselves in many forms, from political unrest to container shortages to...
by Insight Team | Feb 11, 2021 | Sourcing
China has carved out a niche as the world’s manufacturing powerhouse. According to UN statistics, it accounted for 28% of all global manufacturing output in 2018. The country attained this position by rapidly evolving its business ecosystem, offering low labor...
by Insight Team | Feb 3, 2021 | Logistics
FOB vs. CIF: Understand the Difference If you’ve just ventured into international trade, then you’ve no doubt come across the acronyms FOB and CIF. Likely, you have already used one or the other in your initial transactions. Nevertheless, you may still not be entirely...
