Global Sourcing

Chinese Winners, a Cultural Trait.

Today, I’d like to come back a little on the last Olympics which ended 3 weeks ago. Here is a British coach who moved in China to train Chinese athletes and to understand and experience the “Win culture” of the Middle Empire.   Chinese athletes train incredibly hard, harder than we could explain in words and as a coach who has placed swimmers on five different Olympic Games teams, he tells he has never seen athletes train like this anywhere in the world. They have an unrelentin...

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Why Being in China Is Compulsory?

If you have ever imported from China before, you know how important it is to have a presence on the ground, with your own staff or with external help. Not having one can create many headaches, frustration and can cost you thousands of dollars. Not having representatives in China can be the difference between managing a successful importing project from China or an unsuccessful one.   Setting up your own presence in China can be difficult, expensive and time consuming. Therefore, many ...

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40 Tips to Survive a Chinese Trade Fair

Beyond the obvious networking, learning, and sales opportunities, trade shows can also be an excellent place to launch a new company or product. Trade fairs can be extremely effective for making face-to-face contacts, identifying suppliers, and finding out how business really works in China. The Internet is not doing anything at all to displace face-to-face events. In fact, demand for face-to-face is growing as a result of the Internet facilitating transactions and opportunities, and extending t...

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8 Steps to Supply Chain Visibility

When executed properly, supply chain visibility will come into play on a day-to-day basis. But how do logistics managers get there? Our technology correspondent shows you the way. When shippers, vendors, and customers can seamlessly pinpoint the location of any shipment at any point of a supply chain, all parties are sent into a nirvana-like state of visibility, knowing that they can keep tabs on everything from the raw materials to the final product. If your own organization hasn’t quite gott...

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China-Japan-South Korea Trilateral Talk

May 14 – Leaders from China, Japan, and South Korea concluded the Fifth Trilateral Summit Meeting and signed the Trilateral Agreement for the Promotion, Facilitation and Protection of Investment (hereinafter referred as the Trilateral Agreement) at a summit in Beijing. The Trilateral Agreement represents a stepping stone towards a three-way free trade pact to counter global economic turbulence and to boost economic growth in Asia.   In the joint declaration, the three nations list d...

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China & Central Asia: the New Silk Road

Experts and former leaders from China and Central Asian countries called on Monday for the expansion of cooperation beyond ties in the energy sector.   "Energy is fundamental, but the economic ties between China and Central Asia are wide-range and multi-form," said Xing Guangcheng, a researcher at the Chinese Academy of Social Sciences.   China should "broaden the thinking" in its collaboration with Central Asia, Xing emphasized.   Trade between China and its fiv...

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Becoming a Global Supply Chain Expert

Depending on their positioning, companies can follow certain strategies to become a global supply chain integrator. For companies already globally sourcing or manufacturing for export out of China, the primary goal should be to gain additional scale benefits by capturing sales opportunities in the Chinese market itself. The key success factors in this case are differentiation, flexible business models, and third-party contract manufacturing.   A good example would be Wal-Mart, whose s...

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How to Make the Best of Alibaba

¨          What is Alibaba? Founded in 1999 in Hangzhou, China, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online mainly through three marketplaces: a global trade platform (alibaba.com) for importers and exporters; a Chinese platform (1688.com) for domestic trade in China; and a transaction-based wholesale platform on the global site (aliexpress.com) geared for smaller buyers seeking fast shipment of small quantities of goods. Tog...

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More Intra-business to Forsee in BRICS

In the dark shadow of global economic downturn, the trade and economic ministers of BRICS nations including India today collectively call for need to resist protectionist tendencies and to promote international trade as an engine of economic growth and development.   “Adversity of financial crisis is being faced by all. There is a need to work together to overcome from this problem,” Commerce and Industry Minister, Anand Sharma said while interacting with media after the meeting o...

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Tax Incentives to Logistics Industry

According to the China Federation of Logistics and Purchasing, logistics costs accounted for 18 percent of the country’s GDP in 2010.   China’s logistics infrastructure has improved significantly during the implementation of the country’s eleventh Five-Year Plan (2006-2010).   On June 8, 2011, Premier Wen Jia Bao announced that “we must make a complete set of policies and measures, and promote the healthy development of the logistics industry.” The resulting logis...

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