Global Sourcing

The Business guide for Mexico

06

May 2015


Global Sourcing, International trade, Opportunities
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The Business guide for Mexico

1. Mexico In A Nutshell Capital City: Mexico City Population: 120,286,655 (estimate 2014 The World Factbook) Language: Spanish, however many people in the international business community are bilingual in both Spanish and English. GDP 2013: USD $1.845 Trillion Unemployment Rate 2013: 5.08% Inflation: 4.3% Currency: Mexican Peso Time Zone: Most of Mexico is CST/GMT-6 (Central Standard Time), however far western states use MST/GMT-7 (Mountain Standard Time) and PST/GMT-8 (Pacific...

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5 Questions to Answer whether to Visit Canton Fair

29

Apr 2015


Global Sourcing, Opportunities, Service Offered
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5 Questions to Answer whether to Visit Canton Fair

Is Canton Fair Worth to Visit for You?   The 117th Canton Fair Spring Edition has started in Guangzhou and I think this is a great time to answer a question that many sourcing companies get from existing and potential clients, i.e. whether or not a trip to the fair is worth their time.   Many of the considering clients have been importing from China for a few years now. They have started with a specific product in mind and then sourced using a sourcing company like ours or via a...

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Scam Alert

23

Apr 2015


Global Sourcing
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Scam Alert

Hello sourcing guys!   Scam Attempt Detected   Last week, we again confronted a scam from a Chinese supplier. This scam attempt is not the first or definitely not the last one that we face. This is why I would like to inform and remind you that scams and scam attempts are going on all the time in China and greater Asia, so you need to be very careful before buying from a Chinese manufacturer.   We have previously written about scams and how to avoid them. Here is the po...

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3 Best CSIC Resources in March

01

Apr 2015


Global Sourcing, Opportunities
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3 Best CSIC Resources in March

  Founded in 2010, the China Sourcing Information Center (CSIC) is a not-for-profit organization that exists to educate, develop and advance the China sourcing profession. All CSIC content is made available to the public free of charge thanks to donations from individuals and corporations.   Last month China Sourcing Information Center had again some really good viewpoints of buying and selling in China. Here are the 3 Main Issues discussed:   1. Buying and selling in China ...

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Cuba, Panama and Trade Blocs?

26

Feb 2015


Global Sourcing
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Cuba, Panama and Trade Blocs?

I will continue the series of doing business in Latin America. Mercatrade has recently posted some very relevant articles from this subject so I think you should check them out. If you are importing or planning to import from China to Latin America, then at least check the post about the trade agreements and trade blocs between these two countries!   Blog post:  How To Do Business With Cuba: The Complete Guide - This article provides a complete guide about how to do business in Cub. ItÂ...

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3 Things to Know Before Importing into Central America

09

Feb 2015


Global Sourcing, Logistics
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3 Things to Know Before Importing into Central America

Mercatrade recently wrote about the issues what you should know before importing into Central America. As a lot of you readers are currently or have been planning on importing to Central America, also we in want to address these important issues out to you. Next, I will point out the most important areas that were discussed.   1. Strong and Growing Economies   A number of growing industries in the region are transforming the economies of Central American countries. Banking, touris...

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ALERT! Chinese New Year here again

23

Jan 2015


Global Sourcing, International trade, Safety and Compliance
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ALERT! Chinese New Year here again

The Chinese New Year (CNY) is like Christmas, New Years Eve and your own birthday all merged into one major holiday. It’s the time of the year when the factories shut their doors and the workers go back to their hometowns to spend some quality time with their friends and relatives. They eat, drink and wish each other luck for the year ahead. Sounds great! However, for importers the Chinese New Year is not a reason to celebrate. It’s the cause of major delays, frustration and missed deadlines...

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The Chinese Freight Forwarders Scam

16

Jan 2015


Global Sourcing, Logistics, Safety and Compliance, Supplier Assessment
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The Chinese Freight Forwarders Scam

In the last few years we've witnessed a sharp rise in the frauds made by scammers in the freight forwarding industry in China. These frauds are done by small international freight forwarding companies in China with the focus of sea freight shipments - EX China main Sea ports.   These companies often contact importers around the world through targeted E-mail marketing campaigns, Advertisments in B2B websites and other online platforms, and they offer really low rates for sea freight operat...

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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!

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