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 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 | Jan 20, 2021 | Sourcing
Trading Company or Manufacturer: What is the Best Choice? 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...
by Insight Team | Jan 11, 2021 | Sourcing, Supply Chain Management
Manufacturing in India: Is it a Viable Alternative to China? 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...
by Insight Team | Dec 15, 2020 | Sourcing
OEM vs. ODM: What Importers Need to Know 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...
by Insight Team | Dec 10, 2020 | Sourcing
What is a Bill of Materials? Here are Answers To 5 FAQs About the BOM 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...
