Many international traders import goods from China, Vietnam, Malaysia, and other countries due to their low manufacturing costs. And whether you’re an entrepreneurial Amazon seller or you work for an established consumer brand, you’ll find that importing from these...
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...
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 costs...
The coronavirus pandemic has accelerated e-commerce growth — it’s been forecasted that online sales grew by 32.4% in 2020. The types of products consumers are interested in have also shifted, with exercise bands, kayak accessories, kitchen furniture, and others seeing...
There is nothing like a global pandemic to make you rethink your supply chain strategy. Long before COVID-19 wreaked havoc on global markets, companies worldwide sought to mitigate supply chain risks. There was already a trend of limiting dependence on China through a...
OEM and ODM are two acronyms you probably have come across as an importer. And chances are, right where you are; you are within arm’s reach of several OEM and ODM products. But what exactly is the difference between an Original Equipment Manufacturer (OEM) and an...
Are you a consumer product importer or eCommerce seller looking for manufacturers or suppliers? You may have come across the term BOM and been confused by it. You also may have asked yourself: what is a BOM, and do I really need to take a look at this document before...
Many importers have adopted a “China +1” approach in recent years. Over the last decade, labor costs in China have steadily risen, and the country’s government — as evidenced by their Made in China 2025 plan — is moving away from low-cost, labor-intensive goods and...
The trade war and pandemic have made importers think long and hard about where they should produce their products. Many consumer product brands that previously relied exclusively on China have come to adopt a China +1 approach. To mitigate supply chain risks, they...
Are you manufacturing your products in China but considering alternatives? A Gartner survey of “260 global supply chain leaders in February and March 2020 found that 33% had moved sourcing and manufacturing activities out of China or plan to do so in the next two to...
