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...
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...
As a result of the US-China trade war and the COVID-19 pandemic, many importers have either moved production away from China or are considering a move in the future. Other countries in Asia and some in Latin America have seen increased interest and export volumes as...
For new e-commerce sellers, sending that first payment to a Chinese supplier can be confusing. With all the different options available — Paypal, Alibaba Trade Assurance, LC payments, etc. — it can be hard to determine which one is appropriate for your situation. You...
“You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a teapot, it becomes the teapot. Water can drip and it can crash. Become like water my...
If you’re getting started as an eCommerce seller and looking for manufacturers, you may have come across the term MOQ and been confused by it. What is MOQ? MOQ stands for “Minimum Order Quantity” and it’s the minimum number of pieces of a product that a supplier will...
