International trade

Container Loading Supervision (4 out 4)

In our previous articles in this series, we talked about the importance of an efficient sourcing of supplier, the need to carry out a factory audit to your suppliers to check whether they comply with the regulations of the tax and customs authorities in order to reduce any risk for your company and investment and on the importance of quality inspections that helps importers to identify any problems with their products, in addition to provide information and tools to decision makers to solve any ...

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Quality Inspections during Travel Restrictions ( 3 out of 4)

According to the International Organization for Standardization (ISO), quality control is part of quality management focused on fulfilling quality requirements. Quality Management coordinates activities to direct and control an organization with regard to quality. In our last article, we talked about the relevance of international sales contracts, and the way in which they establish the commitments acquired in any commercial transaction. We detailed some of the key elements that should be i...

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Factory Audits during Travel Restrictions (2 out of 4)

As we discussed in our previous article, the first stage of an international purchasing project is to have a supplier that manufactures your products at competitive prices, in the expected times and under the desired quality standards. That is why it becomes essential to perform an efficient sourcing of supplier considering the travel restrictions we are living in today. Once you have had communication with the potential supplier and have obtained information on prices, delivery times and min...

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COVID-19 IMPACT ON OCEAN FREIGHT PRICES

Plan  your container bookings on-time and be aware of sudden cost fluctuations. In August, the peak season for freight started just as the previous years, however, this year Is different due to the pandemic. Although we know that during these months, prices go higher and capacity reduces, the pandemic has been added to the equation that makes more difficult the transportation of goods around the world. According to the International Maritime Organization, maritime transport is essential to t...

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Sourcing of Suppliers during Travel Restrictions (1 out of 4)

Regardless the industry, scale or magnitude of your international purchase, the first stage of the project is to have a supplier that manufactures your products at competitive prices, with the delivery times that you expect under the desired quality standards. However, the main challenges and questions that international buyers face are: How do we find potential suppliers for my purchasing projects in China? How do we know that the identified supplier is a reliable source and does not represent ...

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WeChat in the Supply Chain

On August 6th, President Donald Trump issued an executive order that bans US individuals and companies from doing business with WeChat citing national security concerns. WeChat has also raised some concerns in other countries such as Australia and Canada and in June, WeChat was also banned in India. What is WeChat? WeChat is China´s most popular messaging app and according to Statista the number of active accounts has been increasing steadily. In the second quarter of 2020, WeChat had o...

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Is China still a copying center?

China is synonym of copying. If you want any product, the Chinese can copy the exact same product and deliver it to you faster, cheaper and sometimes more customized than the original one. But is it still only synonym with copies and cheap products? As other Asian countries emerge as the new cheap place to produce, Chinese labor costs become more expensive in comparison. Vietnam, Malaysia and Myanmar are gaining in popularity when looking for low costs. China still has a lot to offer thos...

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The Canton Fair: the 2016 Fall Edition

CANTON FAIR FALL EDITION 2016 Every year hundreds of trade fairs are held in the world; one of the biggest ones being the Canton Fair, held twice a year in the Chinese southern city of Guangzhou. This is the perfect place to get a first touch with Chinese fairs; you can find almost every industry there and suppliers visit from every part of the country. Here in SBE, we know it is not always easy to go to these fairs; flight tickets, time consumption, hotels, food, etc. But we also kno...

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2016 G20 Summit: Recap

Like every year the leaders of the exclusive group of the G20 have met to discuss important global affairs such as global warming, the economy or terrorism. This year the summit was held in the Chinese city of Hangzhou, in Zhejiang province. This is the first time the group meets in China and the second they meet in an Asian country (the other one being in South Korea in 2010). This year has been marked with the Chinese comments on global trade, the Brexit and the US presidential campaign. Th...

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Chinese Valentine’s Day – Qixi Festival

The Qixi (七夕節) is a Chinese Festival that falls on 7th day of the 7th month on the Chinese Calendar and for this reason also called "The Double Seventh Festival". This Festival is at all effects considered as the Chinese Valentine's Day, making it one of the most romantic among traditional Chinese Festivals.   Already feeling pressure to drop cash on another romantic holiday so soon after the last one?   Here some insights of this Festivity mystical origins! ...

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