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China 2015 – The New Top Global Economy

29

Dec 2014


Global Sourcing, International trade, Opportunities
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China 2015 – The New Top Global Economy

When the history of 2014 is written, it will take note of a large fact that has received little attention: 2014 was the last year in which the United States could claim to be the world’s largest economic power. China enters 2015 in the top position, where it will likely remain for a very long time. What is the forecast for China and ASEAN in 2015? What do you get when you add slower economic growth, greater volatility, rising competition and genuine Chinese innovation?   Read these good...

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Seasons Greetings!

24

Dec 2014


Global Sourcing, Uncategorized
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Seasons Greetings!

    See more about the services we offer at sbeinspection.com    

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Buyers, Beware of E-mail Scams!

18

Dec 2014


Global Sourcing, Safety and Compliance
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Buyers, Beware of E-mail Scams!

E-Mail Scams Rising During the past month, we have again dealt with clients who have been victims of a new type of e-mail scam. Basically, what the scam is about is that someone hacks into the e-mail accounts that are belonged to suppliers in Asia. The hacker sends an e-mail, usually an invoice, through that account and tells that due to new company policies, they are changing bank accounts to a bank in another country, usually somewhere in Europe. In worst cases the client pays the money to ...

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China’s Official PMI Slips to 8 Month Low in November

10

Dec 2014


Global Sourcing, Opportunities
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China’s Official PMI Slips to 8 Month Low in November

Growth in China’s manufacturing sector slowed to an eight-month low in November, suggesting the world’s second-largest economy is still losing momentum and more policy easing may be needed in addition to a surprise interest rate cut last month.   The official Purchasing Managers’ Index (PMI) eased to 50.3 last month, still indicating a modest expansion in activity but below forecasts for 50.6 and October’s 50.8. The data came after China cut interest rate unexpectedly on Nov. 21, ...

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The Best CSIC Resources

06

Dec 2014


Global Sourcing, Opportunities
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The Best CSIC Resources

As a non-profit organization, the CSIC publishes content each month for buyers who want to learn how to source safely in China.   The best of CSIC resources for November 2014 offers a video of best practices for Professional buyers and how to budjet for factory direct sourcing. There are also some tips on how to register and protect a utility patent when buying from China and why should buyers protect their IP when requesting a middlemen.   Check out the best of CSIC resources f...

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DHL Doubling its Investment in China

24

Nov 2014


Global Sourcing, Logistics
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DHL Doubling its Investment in China

DHL Supply Chain, the world's largest contract logistics service provider, is investing another 113 million euros ($141 million) in China to further develop its business, after enjoying steady double-digit growth.   The 113 Million Euro Investment   The new investment, added to an injection of 105 million euros in 2013, brings its total commitment in the country to 218 million euros, making China one of its most important country globally.   Oscar de Bok, chief executive of...

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What’s Happening in Sourcing?

17

Nov 2014


Global Sourcing, Opportunities
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What’s Happening in Sourcing?

    Hey you, interested about what is happening in Chinese factories and sourcing? I will share you 5 interesting articles that have been posted recently - ranging from what kind of new Chinese factories there are to how to prevent corruption of purchasers.       The New Chinese Factory Read the article here   This is NOT an article about the average Chinese manufacturer. It describes what one of the most sophisticated manufacturers does, and it ...

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What is OEM and ODM?

14

Nov 2014


Global Sourcing
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What is OEM and ODM?

What is OEM and ODM? Have you ever heard of them? These two acronyms are buzzwords in the manufacturing industry. While others have inaccurately thought that they can be used interchangeably, OEM, Original Equipment Manufacturer, is much different from ODM, Original Design Manufacturer. Buyers (that’s you!) provide the designs to suppliers the former, while manufacturers are the ones that take charge of the designs and overall specifications in the latter.   That sounds simple, right?...

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Top 5 Sourcing Countries

07

Nov 2014


Global Sourcing
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Top 5 Sourcing Countries

Low Cost Sourcing Destination Options Global sourcing is one of the fastest growing trends in supply-chain management. The convergence of globalization, technology, and business strategy influences global companies’ supply chains, providing them with several options for sourcing suppliers, exporters, and traders in their respective industries.   Aside from products, global sourcing solutions also tap the services and skills being offered by different countries. One of the core reasons ...

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How to Avoid Scams in China?

31

Oct 2014


Global Sourcing
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How to Avoid Scams in China?

China sourcing as part of your strategic sourcing strategy China sourcing can be very challenging. However, in terms of cost, international buyers simply cannot ignore the benefits of sourcing from China for products, suppliers, and raw materials.  But the fact that China is a developing country means scams are inevitable; the lack of understanding and knowledge of business ethics and culture can further increase the risks. Doing direct sourcing from China well does require entrepreneurs to co...

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