Posts by daniela

4 key elements that will transform B2B

23

Dec 2013


Global Sourcing, Opportunities, Safety and Compliance, Supplier Assessment
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4 key elements that will transform B2B

2014 will be the "Year of E-Engagement" for B2B Commerce, Driven by Explosive Growth of Social, Mobile and Cloud. Use of Business Commerce Networks, E-Invoicing, E-Payment Solutions will Rapidly Rise as Companies Seek Better Cash Flow. 1. 2014 Will Be The Year Of ‘E-Everything’ In today’s real-time social, mobile and cloud-based environment, business users are demanding access to information and the ability to process tasks in a matter of seconds or minutes. Finance and procureme...

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Top 10 problems in International Trade

20

Dec 2013


Global Sourcing, Quality Control, Quality Management, Safety and Compliance, Supplier Assessment
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Top 10 problems in International Trade

The most common issues you can face doing international trade: 1. Distance: Due to long distance between different countries, it is difficult to establish quick and close trade contacts between traders. Buyers and sellers rarely meet one another and personal contact is rarely possible. There is a great time lag between placement of order and receipt of goods from foreign countries. Distance creates higher costs of transportation and greater risks. 2. Different languages: Different lang...

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US trade with China seen rising

20

Dec 2013


Global Sourcing, Opportunities
1 comment

US trade with China seen rising

The US may overtake the European Union (EU) to become China's largest trade partner this year , Wei Jianguo, former vice minister of commerce, forecast on Wednesday. The prediction is based on the robust economic recovery in the US and trade frictions between China and the EU, Wei told a forum held by the China Chamber of International Commerce in Beijing. The EU has been China's largest trade partner since 2004. In the first 11 months of this year, China's trade value with the EU was st...

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Chinese shopping ’till they drop…online

04

Dec 2013


Global Sourcing, Logistics, Service Offered
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Chinese shopping ’till they drop…online

Add one more fact about China's burgeoning economy to the shopping cart. The e-commerce market in the world's most populous country is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says. And online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group. The change in shopping habits comes as almost hal...

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How China is implementing the Reform?

02

Dec 2013


Global Sourcing, Opportunities
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How China is implementing the Reform?

The Third Plenum provided an impressive statement of reform intentions, but it changed nothing on the ground. Capital Economics pointed to these six signposts to look for to gauge how rapidly new policies will actually be implemented.   1. 2014 GDP target.   The coming weeks should provide a few clues on how fast the leadership intends to act. The National Development and Reform Commission, China’s top economic planner, this week said it is drafting a reform plan for 2014. China-...

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Chile plan to export to China and India

26

Nov 2013


Global Sourcing, Opportunities
2 comments

Chile plan to export to China and India

The agro-food production from both Chile and Peru could start increasingly complementing one another in the coming years as a result of Chile's invitation to start exporting together to China and India. "We seriously need to consider "Chindia", which in 2050 will represent 46% of the world's GDP," pointed out Carlos Escaffi Rubio, adviser for the Economic Department from Chile's embassy in Peru. He also added that "what we can do is start collaborating and complementing one another with produ...

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Kinds of inspectors in China

11

Nov 2013


Global Sourcing, Quality Control, Supplier Assessment
1 comment

Kinds of inspectors in China

When you want to hire a team to perform your quality inspections in China, you have a wide choice of profiles. We have done a lot of trial-and-error over the years, and here are the types of inspectors that we have come across. I have listed the profiles in my order of preference.   fffff 1. The employee with experience in a trading company She used to be a purchaser, a salesperson, a merchandiser (as they are called in the garment industry)… in some kind of office role, but she often...

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Foundry Products In West Bengal

26

Aug 2013


Global Sourcing, Opportunities, Quality Management
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Foundry Products In West Bengal

Foundry industry in India, started around 1940 in Howrah of West Bengal and then later on spread to other states such as, Punjab, Gujarat, Maharashtra and Tamilnadu. At present around 500 units exist in West Bengal with an installed capacity of 1 Million tonnes. 95% of these units are concentrated in the district of Howrah forming an informal cluster. Realizing the need for modernization, expansion and relocation of foundries, the Government of West Bengal has formed a modern Foundry Park in...

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China’s Rising Costs

31

Jul 2013


Global Sourcing, Logistics, Opportunities
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China’s Rising Costs

Companies that reevaluate their China-based manufacturing operations can remain competitive despite inflation.                                     Executives across China have been quick to mention rapidly increasing labor costs in recent years as one of their top concerns for their China operations. China’s labor costs in the urban manufacturing sector reached ¥31,000 ($4,579) per employee per year in 2010, more than doubling from just ¥12,700 ($1,5...

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New Rail Cargo Zhengzhou-Hamburg

22

Jul 2013


Global Sourcing, Logistics
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New Rail Cargo Zhengzhou-Hamburg

Responding to rising trade volumes, Zhengzhou, a business and logistic center in Central China, has started rail service to Hamburg, Germany.   The train takes 18 days to make the 10,214-kilometer trip, but that's more than twice as fast as maritime transport. It can also effectively save 80 percent of the cost compared with air shipments, and it's about $489 cheaper on average compared with road transportation, which is a major incentive for the Eurasian Land Bridge, also dubbed New ...

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