As China's labor costs rise and supply chains tighten, many importers have shifted toward a China plus one approach in recent years. And a relatively new player in the Asian economy, Sri Lanka, is quickly rising as a key possibility for sourcing. The country offers...
Many companies have reconsidered significant aspects of their supply chain in recent years. They’ve rethought practices like JIT and looked for new locations to source their parts and products. The United Kingdom is a country with a long history of manufacturing, and...
Visiting a factory can be a worthwhile investment of your time, money, and energy, and it can help you catch potential issues with a new supplier and move projects forward more quickly. At the moment, however, the pandemic is making travel to Asian countries quite...
When you’re trying to find a manufacturer to produce your consumer products, due diligence is essential. You need to look for a supplier that matches your business needs as closely as possible. But what are the most important attributes to focus on during your...
In recent years, many companies have adopted a 'China Plus One' strategy for managing their global supply chains. In other words, rather than relying solely on a Chinese manufacturer to make their products, they establish additional supplier relationships in another...
China is the world's manufacturing superpower, accounting for 28.7% of all global manufacturing in 2019. It is, therefore, no surprise that it is a destination of choice for many importers. While the country has many capable manufacturers, you must approach sourcing...
When you’re getting started in a consumer product business, you need to choose the supplier that best meets your needs. If you’ve searched Alibaba for Chinese suppliers or are looking at vendors elsewhere, you may have already realized that many of them are trading...
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...
